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By the data, The Brazilian general insurance market fell at a compound annual negative growth rate (CAGR) of 5% from $44.6 billion in 2016 to $34.5 billion in 2021.
According to data, leading companies control 35.5% of the Brazilian general insurance market.
1. Bradesco Saude
Bradesco Saúde ranked first in the country, posting an 18.5% drop compared to the previous year’s premiums. Its position among the major general insurance companies remains unchanged from the previous year’s ranking.
2. Amil Assistência Medica International
In second place in the Brazilian general insurance market is Amil Assistência Medica Internacional. So, The company recorded a decline of 25.1% from premiums in 2020. Then, Among major general insurance companies, its position is unchanged from previous years’ rankings.
3. In America Companhia de Seguro Saude
In America La Companhia de Seguro Saude ranks third in the Brazilian general insurance market. Then, Compared to the previous year’s premium, the company recorded a decrease of 21.7%. So, Its position among the major general insurance companies remains unchanged from the previous year’s ranking.
4. Porto Seguro Companhia De Seguros Gerais
So, Porto Seguro Companhia De Seguros Gerais, which ranks fourth in the Brazilian general insurance market, posted an 11.3% increase over last year’s premiums. Then, His position among the major general insurance companies in the previous year was five, which has now risen to number four.
5. Mapfre Seguros Gerais
Mapfre Seguros Gerais ranks fifth in the Brazilian general insurance market. So, The company recorded a growth of 13.4% compared to last year’s premium. Then, His position among the major general insurance companies in the previous year was six, which has now risen to number five.
Methodology
This analysis is drawn from GlobalData’s Enterprise LoB Breakdown Database, which tracks key insurance metrics across segments, categories and lines of business for more than 150 markets globally. Data from regulatory authorities/industry associations/SFCR companies. Then, This data is mapped to segments and categories based on our original industry standard taxonomy structure. So, The calculation is based on the standard premium with the order of preference as follows Gross Written Premium > Direct Written Premium > Net Income Premium > Net Written Premium. Then, Verdict’s parent company, GlobalData, provides business information to the world’s 4,000 largest companies.
