1st October 2023

Brazil general insurance market to grow to over $68bn by 2027-GlobalData

Brazil’s general insurance industry is set to grow at a compound annual growth rate(CAGR) of 7.3% from BRL242.6bn ($46.97bn) in 2022 to BRL344.9bn($68.03bn) in 2027, in terms of direct written premiums(DWP), forecasts GlobalData.
According to GlobalData’s Insurance Database, the general insurance industry in Brazil is projected to grow by 8% in 2023 and 6.7% in 2024, support by growth in the economy, investment in new infrastructure projects, and increasing health awareness.

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