Folder | The Brazilian insurance sector - 2019

The Brazilian insurance sector

cnseg.org.br

The insurance activity The Brazilian insurance sector leads in revenues collection from premiums in Latin America, and occupies the 12th place in the world ranking. As to ensure all underwritten risks, the sector holds assets equivalent to 25% of the Brazilian public debt, representing one of the largest institutional investors in the Country.

The sector’s annual revenues from premiums represent approximately 6.5% of the Country’s GPP, including revenues from supplementary health, and 3.6% excluding that segment.

Assets of approximately R$ 1.3 trillion

The insurance sector plays an important role in the Brazilian economy and society as it contributes significantly to the development of infrastructure, the creation of jobs and income, and the accumulation of savings.

The insurance market also unburdens 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 tax balance, particularly the Social Security reform.

Annual revenue from premiums represents about 6.5% of the GDP

In 2018, the sector paid over R$ 296.5 billion in the form of claims, compensations, surrenders, prize draws, medical and dental expenses. The amount paid to society served, amongst other factors, to offset financial losses, recover businesses, and provide stability to families. Excluding the supplementary health segment, R$ 134.3 billion were paid out, in total.

The Brazilian insurance sector in 2018

+ 17 million

automobiles insured Source: FenSeg

13 million group

+ 10 million

47.3

homes insured

and individual open private pension plans

million beneficiaries of supplementary health plans

Source: FenSeg

Source: FenaPrevi

Source: ANS

24.1 million

17 million natural and

the insurance market is equivalent to

beneficiaries of exclusively dental plans

legal persons holding capitalization securities

6.5% of the Country’s GDP

Source: ANS

Source: FenaCap

Source: CNseg

Insurance market composition

119

insurance companies Source: SUSEP

15

Open Private Pension companies Source: SUSEP

150.7 thousand direct jobs

Source: RAIS 2017

1,039

Supplementary Health companies

94

thousand insurance brokers Source: Fenacor

Source: FenaSaúde

15

Capitalization companies Source: FenaCap

141

Reinsurance companies Source: SUSEP

2.6

thousand expert professionals, insurance appraisers and actuary auditors Source: RAIS 2017

The Private Insurance and Supplementary Health Systems NATIONAL PRIVATE INSURANCE SYSTEM

SUPPLEMENTARY HEALTH SYSTEM MINISTRY OF HEALTH

MINISTRY OF ECONOMY

CONSU

Supplementary Health Council

CNSP

National Private Insurance Council

ANS

National Agency for Supplementary Health

SUSEP

Private Insurance Superintendence

Supplementary Health Chamber

Insurance, Private Pension and Capitalization Companies

Private Health Care Plan Companies

Reinsurance Companies

Registered Brokers

INSTITUTIONAL REPRESENTATION CNSEG

FenSeg

FenaPrevi

FenaCap

FenaSaúde

EDUCAÇÃO

EM SEGUROS

Insurance Education Program

Insurance Education Program In order to strengthen society’s and policy maker’s knowledge about the insurance sector, CNseg and its four member Federations created the Insurance Education Program in 2016. It’s activities emphasizes the principles of insurance, the risk-prevention culture and the promotion of products to serve the various protection needs of different audiences. At the same time, it aims at securing economic protagonism for the sector in the Brazilian setting and at including it in the macro- and micro-economic policies, as to encourage its more assertive use by society as a whole.

The Insurance Education Program encompasses several initiatives that aim at providing better understanding of the products and services offered by insurance companies to society and the executive, legislative and judiciary powers.

“

The various actions in the Insurance Education Program offer contents that allow improving consumers’ choice. Materials of varying degrees of complexity - from booklets, guidebooks and videos to in-depth studies all broaden the range of knowledge that consumers, consumer defense authorities and the executive, legislative and judiciary powers have of the insurance sector, considering that all those stakeholders make decisions that

”

strongly affect insurances and their users.

Marcio Coriolano President of CNseg

Amongst the actions included in the Insurance Education Program, booklets about specific subjects related to the sector stand out, as well as videos on social media and information aired on CNseg Radio and its affiliated radio broadcasters – BandNews FM (RJ, SP and DF), Alpha FM (SP) and JB FM (RJ).

The booklets and CNseg Radio, that are part of the Program, have received the National Financial Education Strategy (Enef) seal, awarded by the National Financial Education Committee (Conef) to free and open public-interest financial, retirement and insurance education projects that do not aim specifically at promoting sales.

BOOKLETS AND PUBLICATIONS https://bit.ly/Livretos

One of the key actions in CNseg’s Insurance Education Program, the Insurance Education booklets approach basic concepts related to the insurance activity, in order to strengthen the notion of risk prevention. Each edition covers a specific subject related to the insurance sector.

RADIO.CNSEG.ORG.BR Broadcasting 24/7, with programs and information bulletins. over 3,000

broadcasting hours

INSURANCE CHANNEL over 4.5

million views

SOCIAL MEDIA • Institutional Facebook page: over 140 CNseg

CNseg

thousand fans

• LinkedIn: over 13

thousand followers

All materials in CNseg’s Insurance Education Program may also be obtained from the Confederation’s website (cnseg.org.br).

Claims, compensations, surrenders, prize draws, medical and dental expenses Property and Casualty insurance Capitalization Securities

R$

R$

18.4 billion

Total R$ 296.5

36.3 billion Personal Insurance/ private pension plans

R$

68.5 billion

billion

Supplementary Health

R$

162.2 billion Personal Insurance/ risk-based coverage

R$

Personal Insurance/ traditional claim plans

R$

1.9 billion

9.1 billion

In 2018, the sector paid more than R$ 298 billion in the form of claims, compensations, surrenders, prize draws, and medical and dental expenses. The amount paid to society served, amongst other factors, to offset financial losses, recover businesses, and provide stability to families.

CNseg – The National Confederation of General Insurance, Private Pension and Life, Supplementary Health and Capitalization Companies is an association that operates nationwide, congregating as its members the Federations that represent the companies operating in the segments of General Insurance, Private Pension and Life Insurance, Supplementary Health and Capitalization Securities.

Comprises the Property and Casualty

Comprises the Personal Insurance

Insurance segments.

segment, including life insurance and private pension plans.

Comprises the Private Health Care

Comprises the Capitalization Securities

segment, within the scope of medical,

segment, including wealth-accumulation

health and dental coverage.

and business solutions with prize draws.

cnseg.org.br