THE BRAZILIAN INSURANCE SECTOR
www.cnseg.org.br
The Insurance activity The Brazilian insurance sector is leader in revenues from premiums in Latin America, and ranks 16th in the world. As to insure all underwritten risks, the sector holds assets equivalent to 25% of the Brazilian public debt, and is one of the largest institutional investors in the Country. The sector’s annual revenues from premiums represent approximately 6.7% of the country’s GDP, including revenues from supplementary health, and 3.8% excluding that segment. The insurance sector plays an important role in the Brazilian economy and society by contributing significantly with the development of infrastructure, the creation of jobs and income, and the accumulation of savings.
Financial assets amounting to approximately
R$ 1.45 trillion Annual revenues from premiums equivalent to about 6.7% of the country’s GDP.
The insurance sector also unburdens the Government budget, mostly by offering and maintaining products that provide complementary insurance coverage, such as private health insurance and open private pension plans, all with strong potential to support the national agenda of structural reforms required to achieve public fiscal balance, particularly the Social Security reform. In 2019, the sector paid over R$ 315.06 billion in the form of claims, compensations, surrenders, prize draws, and medical and dental expenses. The amount paid society served, amongst other factors, to offset financial losses, recover businesses, and provide stability to families. Excluding the supplementary health segment, R$ 140.47 billion were paid out. 2
The Brazilian insurance sector
The Brazilian insurance sector in 2019 approximately
The insurance sector’s revenues correspond to
47 million
6,7% of the
beneficiaries of supplementary health plans
beneficiaries of exclusively dental plans
country’s GDP
Source: ANS
26
over million
Source: CNseg
Source: ANS
25
automobiles insured
Source: FenSeg
legal persons holding capitalization securities
Source: FenaCap
17
over million
million natural and
13,5
million
homes insured
group and individual open private pension plans
Source: FenSeg
Source: FenaPrevi
over
9 milhões
The Brazilian insurance sector
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Claims, compensations, surrenders, prize draws, and medical and dental expenses CAPITALIZATION SECURITIES
PROPERTY AND CASUALTY
R$ 19.7 billion
R$ 38.04 billion
OPEN
SUPPLEMENTARY HEALTH
(private pension plans)
R$ 174.6 billion
R$ 70.6 billion
LIFE (traditional plan claims)
PERSONAL INSURANCE (risk-based coverage)
R$ 2.1 billion
R$ 10.1 billion
Totaling R$ 315.06 billion In 2019, the sector paid in excess of R$ 315.06 billion in the form of claims, compensations, surrenders, prize draws, and medical and dental expenses. The amount paid society served, amongst other factors, to offset financial losses, recover businesses, and provide stability to families.
Insurance Market composition
122
INSURANCE COMPANIES
Source: Susep
1016 SUPPLEMENTARY HEALTH COMPANIES Source: FenaSaúde
94
15
Source: FenaCap
143 160
OPEN PRIVATE PENSION COMPANIES Source: Susep
4
The Brazilian insurance sector
THOUSAND DIRECT JOBS Source: RAIS 2018
INSURANCE BROKERS
14
REINSURANCE COMPANIES Source: Susep
THOUSAND
Source: Fenacor
CAPITALIZATION COMPANIES
2,8
THOUSAND
SPECIALIST PROFESSIONALS, INSURANCE APPRAISERS, ACTUARY AUDITORS Source: RAIS 2018
The Private Insurance System Institutional and Supplementary Health Representation NATIONAL PRIVATE INSURANCE SYSTEM
SUPPLEMENTARY HEALTH SYSTEM
MINISTRY OF HEALTH
MINISTRY OF THE ECONOMY
Supplementary Health Council
CNSP
National Private Insurance Council
CONSU
SUSEP
Private Insurance Superintendence
ANS
Insurance, Private Pension and Capitalization Companies
Supplementary Health Chamber
Reinsurance Companies
National Agency for Supplementary Health
Private Health Care Plan Companies
Registered Brokers
Institutional Representation
CNseg FenSeg
FenaPrevi
FenaSaúde
FenaCap
The Brazilian insurance sector
5
The Insurance Education Program is part of CNseg’s strategic agenda, and its general goal is to disseminate the insurance culture in the Country. The following specific Program objectives stand out: i) promote the fundamentals, concepts, laws, norms, and products of the insurance sector to broad audiences, including consumers, consumer protection agencies, press agencies and the Executive, Legislative and Judiciary Powers, and ii) improve consumers’ ability to choose insurance products and services. The Program articulates the Confederation’s institutional communication efforts, which include projects and activities such as:
Insurance glossary Booklets Guidebooks Studies Revista de Seguros (Publication: Insurance Magazine) Conjuntura CNseg (Publication: CNseg Conjuncture) CNseg’s Web Portal Rádio CNseg (online radio) Presence on social media: Facebook, LinkedIn, YouTube Partnership with radio broadcasting companies: BandNews FM (RJ and DF), Alpha FM (SP) and JB FM Rio Events
The Program’s Booklets and Rádio CNseg have received the National Financial Education Strategy (ENEF) seal, awarded by the National Financial Education Committee (Comitê Nacional de Educação Financeira - CONEF) to free and open public-interest financial, retirement and insurance education projects that do not aim specifically at promoting sales.
6
The Brazilian insurance sector
MISSION Contribute with the development of the private insurance system, represent its affiliates, and disseminate the insurance culture, thus fostering the progress of the Country.
VISION
PUBLICAÇÃO DA CONFEDERAÇÃO NACIONAL DAS SEGURADORAS
PUBLICAÇÃO DA CONFEDERAÇÃO NACIONAL DAS SEGURADORAS
Be acknowledged as an efficient representative of a healthy and innovative private insurance sector, committed to society.
ANO 92 • Nº 911 • 2019
revista de seguros • A ARGENTINA ESTREIA SÉRIE DE REPORTAGENS DOS PAÍSES MEMBROS DA FIDES, QUE PROMOVERÁ PRÓXIMO ENCONTRO NO RIO
• FROTA DE DRONES MAIS QUE DOBRA NO PAÍS E DEVE ENTRAR NO RADAR DO MERCADO SEGURADOR
• NESTA EDIÇÃO, UM SUPLEMENTO ESPECIAL DESTACA LIÇÕES E LEGADOS DA CONSEGURO 2019
P R O G R A M A revista de seguros
EDUCAÇÃO
Ano 3 • No 17 • Março 2020
Publicação da Confederação Nacional das Seguradoras
EM SEGUROS
Conjuntura CNseg
BRASIL BUSCA REINSERÇÃO NO MAPA DO COMÉRCIO MUNDIAL
GESTÃO DA INOVAÇÃO E INOVAÇÃO ESTRATÉGICA
VALUES
MULTILATERALISMO VIRA MOEDA DE TROCA PARA CRESCIMENTO SUSTENTÁVEL ANO 92 • Nº 911 • 2019
BASE DE DADOS: SUSEP - JANEIRO 2020 ANS - SETEMBRO 2019
9102 • 119 ºN • 29 ONA
Editorial
PARA CRESCIMENTO SUSTENTÁVEL MULTILATERALISMO VIRA MOEDA DE TROCA
MUNDIAL MAPA DO COMÉRCIO REINSERÇÃO NO BRASIL BUSCA
soruges ed atsiver
Análise de Mercado Mercado Análise de
TENDÊNCIAS - DESAFIOS E OPORTUNIDADES E OPORTUNIDADES TENDÊNCIAS - DESAFIOS
Economia Brasileira Desempenho do Mercado Segurador Resumo Estatístico Glossário
EM SEGUROS
EDUCAÇÃO
SARODARUGES SAD LANOICAN OÃÇAREDEFNOC AD OÃÇACILBUP
DO MERCADO SEGURADOR DEVE ENTRAR NO RADAR QUE DOBRA NO PAÍS E • FROTA DE DRONES MAIS
DA CONSEGURO 2019 DESTACA LIÇÕES E LEGADOS SUPLEMENTO ESPECIAL • NESTA EDIÇÃO, UM
revista de seguros PUBLICAÇÃO DA CONFEDERAÇÃO NACIONAL DAS SEGURADORAS
ANO 92 • Nº 911 • 2019
Balance in Consumer relations.
Segurador do Mercado Desempenho Brasileira Economia Editorial ANS - SETEMBRO 2019 SUSEP - JANEIRO 2020 BASE DE DADOS:
CNseg
Conjuntura Publicação da Confederação Nacional das Seguradoras
Appreciation of Associates.
P R O G R A M A Glossário Estatístico Resumo
PRÓXIMO ENCONTRO NO RIO DA FIDES, QUE PROMOVERÁ REPORTAGENS DOS PAÍSES MEMBROS • A ARGENTINA ESTREIA SÉRIE DE
Ethics and transparency.
E INOVAÇÃO ESTRATÉGICA GESTÃO DA INOVAÇÃO
Ano 3 • No 17 • Março 2020
Solidarity and Mutuality. Environmental and social responsibility, as well as in governance.
The Brazilian insurance sector
7
The Insurance Companies’ Confederation is a private association that operates nationwide, and its members are the Federations that represent the companies operating in the segments of General Insurance, Private Pension and Life Insurance, Supplementary Health and Capitalization Securities
Represents the Property and Casualty Insurance segments.
Represents the Personal Insurance segment, including life insurance and private pension plans.
Represents insurance companies specialized in Healthcare and the leading private HMOs providing medical, hospital and dental coverage.
Represents the Capitalization Securities segment, including wealthaccumulation and business solutions with prize draws.