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Foreign participants in Brazil's insurance industry Key data
Foreign insurance companies have been able to operate
freely in the Brazilian insurance market since June 1996, (when the Federal Attorney
exempted insurers from the existing limits to foreign capital).
This freedom is now in force, although technically there is
still a need for legislative reform to formally change the foreign capital restrictions
set out in the Brazilian Constitution. However, foreign insurers have in fact been
permitted to set up independently in Brazil and many insurers have done so since 1996.
Some of the foreign insurers
and brokers with a presence
in Brazil |
ABN
(Netherlands) |
HSBC
(UK) |
Aetna
(USA) |
ING
(Netherlands) |
AGF
(France) |
Kyoei
(Japan) |
AIG
(USA) |
Liberty
Mutual (USA) |
Allianz
(Germany) |
Lincoln
National (USA) |
Baloise
(Switzerland) |
Mapfre
(Spain) |
Canada
Life (Canada) |
Marsh
& McLennan (USA) |
Cardif
(France) |
Metropolitan
Life (USA) |
CCF
(France) |
Nationwide
(USA) |
Chase
(USA) |
Prudential
(USA) |
Chubb
(USA) |
Reliance |
Cigna
(USA) |
Santander
(Spain) |
Espirito
Santo (Portugal) |
Tokio
Marine (Japan) |
Fiat
(Italy) |
UAP
(France) |
General
Accident (UK) |
Winterthur
(Switzerland) |
| Generali
(Italy) |
Yasuda
(Japan) |
| Hannover
(Germany) |
Zurich
(Switzerland) |
Hartford
(USA) |
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There are many opportunities (and risks) for foreign
insurers within Brazil’s insurance market. The industry is in the midst of change,
and restructuring and many local insurers, both large and small, are still run
inefficiently.
Foreign companies with a detailed preparedness for the
local market, and with specific areas of know-how and expertise have good opportunities to
bring their strengths to the table in what promises to be a market that is likely to
continue to grow in the medium and long-term. |
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| REPORTS
Market size, marketing and distribution by
foreign insurers, business and consumer-oriented products, methods of entry and their
relative success, profiles of each foreign insurer in the Braizlian marketplace.
DATABASE:
Full interactive database system for following
non-Brazilian insurers' investments in Brazil, tracking their financing,
operating and investing activities.
CONSULTING:
Bespoke reports, due diligence, studies. |
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