Recently, two major global reinsurance giant Swiss Re and Munich Re, the insurance industry, "BRIC four countries" last piece of the huge potential market - Brazil, South America expressed a strong interest.
April this year, 13 insurance companies were operating in Brazil insurance license. In addition to Swiss Reinsurance, Munich Reinsurance two giants, including France reinsurance, a Lundun Lao She, and other global reinsurance and the well-known Brazilian local reinsurers are tempted. Munich Reinsurance first step, February 6 set up branches in Sao Paulo, Brazil, instead of the original offices. And Swiss Re in the same month on the 19th to complete the same action.
The re-insurers, insurance premium income in Latin America occupy 40 percent of Brazil is following China and India after the most potential markets. Brazil insurance regulators Chairman Armando Vergilio expected, the Brazilian market this year will be re-insurance premiums rose 40 percent to 3.5 billion U.S. dollars.
Swiss Re said that in the next five years to become Brazil's leading reinsurance companies, occupy 10 percent market share. Munich Re has also expressed the determination of expansion, "the next few years we are going to double-digit growth."
April this year, 13 insurance companies were operating in Brazil insurance license. In addition to Swiss Reinsurance, Munich Reinsurance two giants, including France reinsurance, a Lundun Lao She, and other global reinsurance and the well-known Brazilian local reinsurers are tempted. Munich Reinsurance first step, February 6 set up branches in Sao Paulo, Brazil, instead of the original offices. And Swiss Re in the same month on the 19th to complete the same action.
The re-insurers, insurance premium income in Latin America occupy 40 percent of Brazil is following China and India after the most potential markets. Brazil insurance regulators Chairman Armando Vergilio expected, the Brazilian market this year will be re-insurance premiums rose 40 percent to 3.5 billion U.S. dollars.
Swiss Re said that in the next five years to become Brazil's leading reinsurance companies, occupy 10 percent market share. Munich Re has also expressed the determination of expansion, "the next few years we are going to double-digit growth."
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