VII INTERNATIONAL LIFE INSURANCE SEMINAR

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Presentation transcript:

VII INTERNATIONAL LIFE INSURANCE SEMINAR LIFE INSURANCE - BRAZILIAN EXPERIENCE BOGOTA – MAY 2017

BRAZILIAN INSURANCE MARKET 2016 FIGURES TOTAL MARKET USD 120.0 Bi 2

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) TOTAL MARKET 120.0 Health 50.0 Pension 35.0 Auto 15.0 Other PC 10.0 Life 10.0 PC Retail 2.0 Insurance Companies 10.0 Health 40% Pension 30% PC 20% Life 10% Other Players 40.0 PC Com/Ind 8.0 3

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) TOTAL MARKET 120.0 Health 50.0 Pension 35.0 Auto 15.0 Other PC 10.0 Life 10.0 PC Retail 2.0 Insurance Companies 10.0 Health 40% Pension 30% PC 20% Life 10% Other Players 40.0 PC Com/Ind 8.0 4

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) PENSION Accumulation Products TOTAL PENSION 35.0 VGBL PGBL Deferred Tax Tax on Accumulated Results Tax incentives Private/Facultative Bank product No Risk – Defined Contribution 5

Accumulation Products BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) PENSION Accumulation Products TOTAL PENSION 35.0 Individual 30.0 Group 5.0 10.000.000 participants. Investment. 3.000.000 participants. Retention tool. Tax incentives Real growth last 5 years of 50% (2016/2011). Huge reserves. 6

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) LIFE Risk Products TOTAL LIFE 10.0 Group Life 3.0 Individual Term Life 4.0 Credit Life 2.0 Other Life Products 1.0 More sofisticated. Retention. Union agreement. “Bank reciprocity”. “Compulsory”. No Tax incentives Real growth last 5 years of 22% (2016/2011). Small amount of Reserves/ Investments. 7

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) LIFE Risk Products TOTAL LIFE 10.0 Group Life 3.0 Individual Term Life 4.0 Credit Life 2.0 Other Life Products 1.0 “Bank reciprocity”. “Compulsory”. More sofisticated. Retention. Union agreement. Total: Channel:Bank NBank 0.0 % 100.0 % 100.0 % 0.0 % 50.0 % 0.0 % 100.0 % 50.0 % Carrier: Bank NBank 33.0 % 67.0 % 100.0 % 0.0 % 50.0 % 0.0 % 100.0 % 60.0 % 40.0 % 8

BRAZILIAN INSURANCE MARKET 2016 FIGURES MAIN PLAYERS PENSION LIFE Banco do Brasil Bradesco Itaú Caixa Santander Safra Icatu Other (13 Companies) 42% 26% 17% 7% 5% 1% 1% 100% Banco do Brasil Bradesco Santander Itaú Caixa Icatu Other (65 Companies) 14% 12% 10% 60% 5% 35% 40% 5

GRACIAS !

BRAZILIAN INSURANCE MARKET 2016 FIGURES (USD BI) LIFE Risk Products TOTAL 10.0 Group Life 3.0 Individual Term Life 4.0 Credit Life 2.0 Other Life Products 1.0 “Bank reciprocity”. “Compulsory”. More sofisticated. Retention. Union agreement. Total: Channel:Bank NBank 0.0 3.0 4.0 0.0 1.0 0.0 1.0 5.0 Carrier: Bank NBank 1.0 2.0 4.0 0.0 1.0 0.0 1.0 6.0 4.0 11