The Brazilian insurance sector

cnseg.org.br

The Brazilian insurance sector leads in revenues collection from premiums in Latin America, and occupies the 12th place in the world ranking. As to ensure all underwritten risks, the sector holds assets equivalent to 25% of the Brazilian public debt, representing one of the largest institutional investors in the Country.

The sector’s annual revenues from premiums represent approximately 6.5% of the Country’s GPP, including revenues from supplementary health, and 3.6% excluding that segment.

The insurance sector plays an important role in the Brazilian economy and society as it contributes significantly to the development of infrastructure, the creation of jobs and income, and the accumulation of savings.

The insurance market also unburdens Government budget, mostly by offering and maintaining products that provide complementary insurance coverage such as private health insurance and open private pension plans, all with strong potential to support the national agenda of structural reforms required to achieve tax balance, particularly the Social Security reform.

In 2018, the sector paid over R$ 296.5 billion in the form of claims, compensations, surrenders, prize draws, medical and dental expenses. The amount paid to society served, amongst other factors, to offset financial losses, recover businesses, and provide stability to families. Excluding the supplementary health segment, R$ 134.3 billion were paid out, in total.

The insurance activity

Assets of approximately R$ 1.3 trillion

Annual revenue from premiums represents about 6.5% of the GDP

The Brazilian insurance sectorin 2018

Insurance market composition

119insurance companies

15Open Private Pension companies

1,039Supplementary Health companies

94 thousand insurance brokers

15Capitalization companies

2.6 thousand expert professionals, insurance appraisers and actuary auditors

150.7 thousanddirect jobs

141Reinsurance companies

+ 17 million automobiles insured

+ 10 millionhomes insured

13 million group and individual open private pension plans

47.3 million benefi ciaries of supplementary health plans

24.1 million benefi ciaries of exclusively dental plans

the insurancemarket is equivalent to17 million natural and

legal persons holding capitalization securities

Source: FenSeg

Source: FenSeg

Source: ANS

Source: SUSEP

Source: SUSEP

Source: RAIS 2017Source: RAIS 2017

Source: CNsegSource: FenaCap

Source: FenaCap Source: SUSEP

Source: FenaSaúde

Source: Fenacor

Source: FenaPrevi Source: ANS

6.5% of the Country’s GDP

The Private Insuranceand SupplementaryHealth Systems

SUPPLEMENTARY HEALTH SYSTEM

CONSUSupplementaryHealth Council

ANSNational Agency for

Supplementary Health

SupplementaryHealth Chamber

Private Health Care Plan Companies

MINISTRY OF HEALTH

NATIONAL PRIVATE INSURANCE SYSTEM

CNSPNational Private

Insurance Council

SUSEPPrivate Insurance Superintendence

Insurance, Private Pension and Capitalization Companies

Registered Brokers

MINISTRYOF ECONOMY

Reinsurance Companies

INSTITUTIONAL REPRESENTATION

CNSEG

FenSeg FenaPrevi FenaCap FenaSaúde

The various actions in the Insurance Education Program offer contents that allow improving consumers’ choice. Materials of varying degrees of complexity - from booklets, guidebooks and videos to in-depth studies - all broaden the range of knowledge that consumers, consumer defense authorities and the executive, legislative and judiciary powers have of the insurance sector, considering that all those stakeholders make decisions that strongly affect insurances and their users.

“

”Marcio CoriolanoPresident of CNseg

In order to strengthen society’s and policy maker’s knowledge about the insurance sector, CNseg and its four member Federations created the Insurance Education Program in 2016. It’s activities emphasizes the principles of insurance, the risk-prevention culture and the promotion of products to serve the various protection needs of different audiences. At the same time, it aims at securing economic protagonism for the sector in the Brazilian setting and at including it in the macro- and micro-economic policies, as to encourage its more assertive use by society as a whole.

The Insurance Education Program encompasses several initiatives that aim at providing better understanding of the products and services offered by insurance companies to society and the executive, legislative and judiciary powers.

EDUCAÇÃOEM SEGUROS

Insurance Education Program

Insurance Education Program

Amongst the actions included in the Insurance Education Program, booklets about specifi c subjects related to the sector stand out, as well as videos on social media and information aired on CNseg Radio and its affi liated radio broadcasters – BandNews FM (RJ, SP and DF), Alpha FM (SP) and JB FM (RJ).

The booklets and CNseg Radio, that are part of the Program, have received the National Financial Education Strategy (Enef) seal, awarded by the National Financial Education Committee (Conef) to free and open public-interest fi nancial, retirement and insurance education projects that do not aim specifi cally at promoting sales.

All materials in CNseg’s Insurance Education Program may also be obtained from the Confederation’s website (cnseg.org.br).

RADIO.CNSEG.ORG.BR

INSURANCE CHANNEL

SOCIAL MEDIA

Broadcasting 24/7, with programsand information bulletins.

over 3,000 broadcasting hours

over 4.5 million views

CNseg CNseg

• Institutional Facebook page:

over 140 thousand fans• LinkedIn:

over 13 thousand followers

BOOKLETS AND PUBLICATIONS

One of the key actions in CNseg’s Insurance Education Program, the Insurance Education booklets approach basic concepts related to the insurance activity, in order to strengthen the notion of risk prevention. Each edition covers a specifi c subject related to the insurance sector.

https://bit.ly/Livretos

In 2018, the sector paid more than R$ 298 billion in the form of claims, compensations, surrenders, prize draws, and medical and dental expenses. The amount paid to society served, amongst other factors, to offset fi nancial losses, recover businesses, and provide stability to families.

Claims, compensations, surrenders, prize draws, medical and dental expenses

Personal Insurance/private pension plans

Property andCasualty insurance

Supplementary Health

Capitalization Securities

Personal Insurance/traditional claim plans

Personal Insurance/risk-based coverage

R$ 68.5 billion

R$ 36.3 billion

R$ 162.2 billion

R$ 18.4 billion

R$ 1.9 billion

R$ 9.1 billion

TotalR$ 296.5

billion

cnseg.org.br

Comprises the Property and Casualty Insurance segments.

Comprises the Personal Insurance segment, including life insurance and private pension plans.

Comprises the Private Health Caresegment, within the scope of medical, health and dental coverage.

Comprises the Capitalization Securities segment, including wealth-accumulation and business solutions with prize draws.

CNseg – The National Confederation of General Insurance, Private Pensionand Life, Supplementary Health and Capitalization Companies is an association that operates nationwide, congregating as its members the Federations that

represent the companies operating in the segments of General Insurance, Private Pension and Life Insurance, Supplementary Health

and Capitalization Securities.