IRB+Intelligence: insurance sector earned R$ 10.5 billion in April, increase of 17.3%

Publicado em: 29/06/2021

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The insurance sector registered an increase in revenue for the 11th consecutive month. Published yesterday (28), the IRB+Mercado Bulletin, a report in Portuguese by the IRB+Intelligence platform, points to a gain of R$ 10.5 billion in April, an increase of 17.3% compared to the same period in 2020. The analysis, focusing on damage, liability, and personal insurance, indicates an accrual of BRL 42.9 billion in 2021. The result shows a positive variation of 13.4% in sales in the first four months of this year compared to the same period in 2020, which is equivalent to an additional of R$ 5 billion.

Per segment, in April, Life recorded R$ 4.1 billion; Auto, R$2.7 billion; Corporate Damages and Liability, R$1.8 billion; Personal Injury Liability, R$785 million; Rural, R$785 million; and Credit and Guarantee, R$333 million. In the first four-month period of 2021, the insurance segments obtained: R$ 15.9 billion (Life), R$ 11.3 billion (Auto), R$ 8.2 billion (Corporate Damage and Liability), R$ 3.7 billion (Personal Injury Liability), R$ 2.6 billion (Rural), and R$ 1.4 billion (Credit and Guarantee).

Main highlights of April, Rural and Life recorded increases of 45.2% and 26.3%, respectively. In Auto, the accident rate of 54.3% remained at low levels, which favors market results. Damages and Liabilities registered an increase of almost 12% in April, with an increase of 24.3% in the four-month period. Rural insurance, in the first four months of 2021, had a decline in claims of 18%, providing one of the lowest claims rates in the historical series (57.4%). Of the additional BRL 5 billion the sector earned in the year to 2021 (January to April), the Life and Corporate Damage lines, individually, were responsible for BRL 1.7 billion and BRL 1.6 billion, respectively.

The analysis shows that rate of Claim Occurred on the Accrual Basis Income, in April, increased by 10.7 percentage points (p.p.) in comparison with the same month of 2020. In the four-month period, the index also increased: 4.8 p.p. more than the rate recorded in the same period in 2020.

The IRB+Market Bulletin summarizes insurance operations based on public data made available by SUSEP on June 07, considering damage, liability, and personal insurance. The edition also lists the five largest insurance groups by business line. The analysis, which is published monthly, is available in its entirety on the company’s website ( On the same website, IRB also offers the IRB+Insurance Market Dashboard, a dynamic panel developed by the reinsurer with information from the entire sector.

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