Brazil insurance sector has experienced a higher rate of growth in the recent years. As to the statistics, the growth rate of insurance sales was more than 51 percent as in the year 2003.
Among various types of insurances in the country, the life insurance has grown rapidly and has largely contributed to the country's insurance industry.
The Superintendencia de Seguros has been working as the regulatory body in the insurance business in Brazil.
Brazil Insurance Companies:
Leading insurance companies including both life insurance and non-life insurance on the basis of their gross written premiums are as follows:
Brazil Life Insurance Companies
Major life insurance companies in Brazil are as follows:
- Itau Vida Insurance
- Santander Insurance
- Caixa Vida Insurance
- Alianca do Brazil
- Real Tokio Marine Vida Insurance
- Mapfre Vera Cruz Vida Insurance
- HSBC Vida e Previdencia (Brasil)
Brazil Non-Life Insurance Companies
Major Non-Life Insurance Companies In Brazil are as follows:
- Unibanco AIG Seguros Insurance
- Porto Seguro CIA Insurance
- Itau Insurance
- Sul America Insurance
- Tokio Marine Insurance
- AGF Brasil Insurance
- Caixa Insurance
