Brazilian Insurance Market Grows 4.9 Percent in the First Quarter of the Year

The confederation expects growth of approximately 6.9 percent for the sector as a whole in 2019, below the 7.1 percent forecast made in February of this year.

By Richard Mann

RIO DE JANEIRO, BRAZIL - Brazilian insurance market turnover totaled R$81 billion (US$20.3 billion) in the first quarter of this year, showing a 4.9 percent increase over the same period last year.

The outcome does not include additional health data, which are made available each quarter by the National Supplementary Health Agency (ANS), or Personal Injury Insurance for Road Vehicles (DPVAT).

Including DPVAT figures, collection rises to R$82.2 billion and growth in the four months stands at 3.2 percent, told Alexandre Leal, the technical and study director of the National Confederation . . .

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