1. Reinsurance in Brazil: the challenges and opportunities of the opening of the market
- Author:
- Claudio Contador
- Publication Date:
- 07-2014
- Content Type:
- Special Report
- Institution:
- Brazilian Center for International Relations (CEBRI)
- Abstract:
- The opening of the reinsurance market in Brazil finally took place in 2007, amidst euphoria and great expectations. The process lasted nearly two decades, with little movement, to the great frustration of the companies, international investors and, especially, the domestic insurance market, which was in need of modernization and less government involvement. The exhaustion of the nationalized reinsurance model created in 1939 was evident by the 1990s and became even more visible in that decade, in the face of opportunities for insurance offered by the large investments in infrastructure, and rural, environmental and disaster insurance, among others.
- Topic:
- International Trade and Finance, Global Markets, Financial Markets, and Global Political Economy
- Political Geography:
- Brazil and Global Focus