+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

South America Life Insurance Market to 2027

  • PDF Icon

    Report

  • 41 Pages
  • November 2023
  • MarketLine
  • ID: 5928182
Life Insurance in South America industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

  • The market is segmented into Life Insurance and Pension/Annuity.
  • The South American life insurance market had total gross written premiums of $52.5 billion in 2022, representing a compound annual growth rate (CAGR) of 6.3% between 2017 and 2022.
  • The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $27.8 billion, equivalent to 52.9% of the market's overall value.
  • In 2022, the South American life insurance market witnessed an annual growth of 12.9%. The market growth is driven by the economies of the participating countries performing better than anticipated and the shift in the major central banks' monetary policy, which has improved the interest rate environment suitable for marketing annuity and life savings products.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in South America
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in South America
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the South America life insurance market with five year forecasts

Reasons to Buy

  • What was the size of the South America life insurance market by value in 2022?
  • What will be the size of the South America life insurance market in 2027?
  • What factors are affecting the strength of competition in the South America life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up South America's life insurance market?

Table of Contents

1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do the leading players follow?
7.4. What has been the rationale behind recent M&A activity?
8 Company Profiles
8.1. Bradesco Seguros SA
8.2. Brasilprev Seguros e Previdencia SA
8.3. Caixa Economica Federal
8.4. Zurich Insurance Group Ltd
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related research
10.4. About the Publisher
List of Tables
Table 1: South America life insurance market value: $ billion, 2017-22
Table 2: South America life insurance market category segmentation: % share, by value, 2017-2022
Table 3: South America life insurance market category segmentation: $ billion, 2017-2022
Table 4: South America life insurance market geography segmentation: $ billion, 2022
Table 5: South America life insurance market value forecast: $ billion, 2022-27
Table 6: South America life insurance market share: % share, by value, 2022
Table 7: Bradesco Seguros SA: key facts
Table 8: Bradesco Seguros SA: Key Employees
Table 9: Brasilprev Seguros e Previdencia SA: key facts
Table 10: Brasilprev Seguros e Previdencia SA: Key Employees
Table 11: Caixa Economica Federal: key facts
Table 12: Caixa Economica Federal: Key Employees
Table 13: Zurich Insurance Group Ltd: key facts
Table 14: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 15: Zurich Insurance Group Ltd: Key Employees
Table 16: Zurich Insurance Group Ltd: Key Employees Continued
Table 17: South America exchange rate, 2018-22
List of Figures
Figure 1: South America life insurance market value: $ billion, 2017-22
Figure 2: South America life insurance market category segmentation: $ billion, 2017-2022
Figure 3: South America life insurance market geography segmentation: % share, by value, 2022
Figure 4: South America life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the life insurance market in South America, 2022
Figure 6: Drivers of buyer power in the life insurance market in South America, 2022
Figure 7: Drivers of supplier power in the life insurance market in South America, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in South America, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in South America, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in South America, 2022
Figure 11: South America life insurance market share: % share, by value, 2022

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Bradesco Seguros SA
  • Brasilprev Seguros e Previdencia SA
  • Caixa Economica Federal
  • Zurich Insurance Group Ltd