Strong Economy Kick Start the Brazil Insurance Market, Says RNCOS

Released on: December 20, 2007, 10:19 pm

Press Release Author: Shushmul Maheshwari

Industry: Media

Press Release Summary: Brazil is finally out of its 'soccer-fanatic' image as the
country is fast becoming a promising ground for international insurers. The RNCOS
report has find out the reasons leading the insurance market to growth.

Press Release Body: Latin America, particularly Brazil, has become the new
investment destination for investors from all over the world. And international
players who want to make inroads into the insurance industry of Latin American
countries may find Brazil a promising venture as the country's insurance market has
experienced a robust growth in recent times.

The total direct premium written by the Brazilian insurance industry swelled by
nearly 17.2% in the first half of 2007 over the same period in 2006. This remarkable
growth in Brazil's insurance industry has prompted RNCOS, a leading market research
company, to study the market comprehensively and publish it as a report
"Opportunities in Brazil Insurance Market". The report has analyzed the factors
particular to Brazil that are spurring growth in its insurance market.

The RNCOS research has defined the Brazilian insurance market to consist of general
insurance, life and retirement savings products and 'capitalization' - a product
unique to the country. The research studies the segment-wise performance of the
industry of Brazil to come up with a judgmental analysis. It elaborates on segments
like retirement savings and auto insurance that forms the major components of
Brazil's insurance industry and are projected to give good results in near-term. The
RNCOS study has also looked into the current scenario of the market to recognize the
segments with maximum latent.

A Senior Research Analyst at RNCOS opines that the improving economic stature and
growth in auto financing in Brazil has resulted in high auto ownership in the
country, thereby fuelling growth in auto insurance segment. Moreover, the auto
insurance segment is believed to maintain the same kinetic energy in future,
particularly because of rising level of car ownership in the Latino country.

However, as the report has put forward, Brazil has some snags like income
inequality, crime, insurance frauds, and heated price competition, that have to be

The descriptive and prudent analysis given in "Opportunities in Brazil Insurance
Market" helps clients to evaluate the future of the insurance market in Brazil.
Substantiated with statistical data, the report thoroughly discusses the market
performance (general insurance, life and retirement savings), and key products
(subsuming capitalization and health insurance), driving forces, government
policies, opportunities, challenges, and future outlook of the market.

About RNCOS:

RNCOS, incorporated in the year 2002, is an industry research firm. It has a team of
industry experts who analyze data collected from credible sources. They provide
industry insights and analysis that helps corporations to take timely and accurate
business decision in today\'s globally competitive environment.

For more information visit:
Current Industry News:

Web Site:

Contact Details: RNCOS E-Services Pvt. Ltd.
Shushmul Maheshwari
Head of Business Development
29, 1st Floor, Patparganj Industrial Area, Delhi 92

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