Reinsurance in Brazil, Key Trends and Opportunities to 2018

Date: 2015-09

Brazilโ€™s reinsurance segment is the largest in Latin America. As of 2014, 106 reinsurers operated in the segment. It is mandatory for insurers to cede at least 40% of reinsurance premium to local reinsurers; however, they cannot cede over 20% of their premium to foreign reinsurance affiliates. The countryโ€™s oil exploration activities are an important business driver for the reinsurance segment.

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