According to a recent study by FENAPREVI ( National Federation of Private Pension and Life ) , the product of Life Insurance is present in 18 % of households in Classes A and B , in Brazil .
Households in Class C , the rate of penetration of life insurance falls to 6 % , while in Classes D and E , the product is present in only 2 % of households .
The data FENAPREVI point to the fact that currently only 9 % of the population ( 18 million people) have some form of life insurance.
The insurance market facing People , which includes Individual Life , Group Life , Lenders , and Dental Education , is expected to grow about 50 % over the next five years .
Brazil still has much work to accomplish in the area of life insurance , as well as companies specialized in this field.
Confident in Brazil and the inevitable growth of the local insurance market , the Group Caburé , with over 50 years of expertise in the area of Personal Insurance , will continue raising its investments in production as well as in the Creation and Development of New Products and Services having as a goal the development of parallel operations , overcoming the mark of 1 Million Clients Insured by the end of 2015.
Rank Country / % Life Insurance in GDP
1st U.S. 9.8%
2nd Japan 8.2%
3rd Finland 7.6 %
4 France 7.4%
5th Korea 7.1%
15 Brazil 1.9 %
Source : Swiss RE , 2013 data .
