The Brazilian Insurance Sector

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

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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

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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.

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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

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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.