5 September 2010
Brazil Insurance Report Q4 2010: new research report available at Fast Market Research
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Recently, research published by Business Monitor International, "Brazil Insurance Report Q4 2010" is now available at Fast Market Research
FOR IMMEDIATE RELEASE
PRLog (Press Release) - September 4, 2010 - Editor in July 2010, we were able to ensure that the report includes actual data for 2009 reznor waste oil heaters. The industry regulator, the Superintendency of Private Insurance (Superintendencia de Seguros privados, SUSEP), identifies three lifelines of its data products VGBL, retirement savings plans (whose products are PGBL an important subset ) and the CAPs. We also included health insurance premiums: the details are taken from the Agencia Nacional de Saude suplementar (SNA), regulation of health insurance.At the time of writing, SUSEP published data for the first four months of the year 2010 we have integrated this information into our forecasts for the year as whole.For for BMI, non-life segment includes consolidated figures published by the insurance SUSEP VGBL except for products, which are a subset of personal lines that belong to the segment of life. We believe that the Brazilian non-life segment also includes health insurance premiums disclosed by ANS.Meanwhile, we consider the life segment is composed of three elements: VGBL premiums, private pension contributions (which are dominated by premiums for products PGBL) and contributions to savings Capitalizacao bonds.Taking this approach, we believe that insurance premiums totaled BRL157.33bn in 2009. This included non-life premiums and bonuses BRL108.84bn life BRL48.48bn. Our forecasts indicate that the corresponding figures in 2014 will BRL264.10bn, and BRL181.01bn BRL83.09bn.Regarding the key factors underlying our forecasts, we are looking for non-life penetration instead of 3.53% of GDP in 2009 to 4.00%. These figures are relatively high by the standards of developing countries with Brazil's GDP per capita: However, as noted above, they are inflated by the inclusion of health insurance premiums. We expect the density of life instead of U.S. $ 125 per capita in 2009 to U.S. $
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