The 20th edition of the IRB+Market Newsletter, a monthly report by the IRB+Intelligence platform, shows that, in April, the insurance sector earned BRL 12.4 billion, an increase of 18.8% compared to the same period in 2021. Five of the six segments recorded had double-digit growth. With a 34.8% increase, Automobile had the best performance, followed by Credit and Guarantee, 23.2%; Corporate Damages and Liabilities, 21.7%; Individual Against Damage, 14.8%; and Life, 11.3%. Rural was the only line that reduced premium issuance in the fourth month of the year: -1.8%, the second consecutive drop in 2022.<\/p>\n\n\n\n
The newsletter also shows that, in the first four months of 2022 (4M22), the insurance sector has already accumulated BRL 50.2 billion, an increase of 16.8% compared to the same period in 2021, with BRL 7.2 billion more distributed across all segments. The main highlights were for Automobile and Life, which earned, respectively, BRL 3 billion and BRL 1.7 billion more than in the first four months of 2021.<\/em><\/p>\n\n\n\n By segment<\/strong><\/strong><\/p>\n\n\n\n In April, Life<\/strong> earned BRL 4.6 billion, an increase of 11.3% compared to the same month in 2021, and increased 11% in the four-month period, totaling BRL 17.6 billion. In the fourth month of the year, losses recorded totaled BRL 1.1 billion, a reduction of 38.5% compared to April last year. When comparing April 2021 with April 2020, there was a 116% increase in losses due to the pandemic. Comparing 4M22 with 4M21, the loss ratio dropped 14.2 p.p., reaching 31.8%. <\/p>\n\n\n\n The Automotive<\/strong> segment recorded, in the fourth month, BRL 3.6 billion (+34.8%), being the best performance in April. In the accumulated, it earned BRL 14.3 billion (+26.4%), BRL 3 billion more than in the previous four-month period. Damages and Liabilities<\/strong> recorded BRL 2.2 billion in April (+21.7%). In the four-month period, it totaled BRL 9.3 billion, an increase of 14.1%. Individuals against Damages<\/strong>, in the fourth month of the year, earned BRL 901 million (+14.8%) and in the accumulated it raised BRL 3.9 billion (+3.6%). The loss ratio, in turn, also increased, being the highest in the historical series in this period: 40.7%, an increase of 9 p.p. compared to the same period in 2021.<\/p>\n\n\n\n Rural<\/strong> had another retraction (-1.8%), the second of the year, and raised R$ 771 million in April. Despite this, in the accumulated of 2022, it had an evolution of 34.8% compared to the first four months of 2021, totaling about BRL 3.4 billion. However, the loss ratio rate still remains high, despite having recorded a decline from 236.4% in 3M22 to 203.2% in 4M22, reaching a total of BRL 7.2 billion in claims incurred, exceeding by BRL 63.3 million the total of claims occurred in 2021.<\/p>\n\n\n\n Finally, Credit and Guarantee<\/strong> obtained, in April, a collection of BRL 410 million (+23.2%, second best result in the insurance sector). In the sum of the year, the segment registered BRL 1.7 billion (+21.8%). The segment’s loss ratio rate in 2022 also stood out, as it fell by 7.3 p.p. and reached 19.2%, the second lowest since the beginning of the historical series, in 2014.<\/p>\n\n\n\n Loss Ratio<\/strong><\/p>\n\n\n\n In April, the insurance sector’s loss ratio fell by 2.1 percentage points (p.p.) compared to the same month in 2021. The improvement in the loss ratio was driven by the Life (-26.7 p.p.) and Corporate Damages and Liabilities (-19.2 p.p.) segments, which offset the increase in the rate in the other segments. In the year, the index grew 10.7 p.p. compared to the same period in 2021, strongly impacted by Rural (+145.8 p.p.).<\/p>\n\n\n\n The IRB+Market Newsletter summarizes insurance operations based on public data made available by Susep on 06\/20, considering damage, liability and personal insurance. The edition also lists the top five insurance groups by line of business.<\/strong> The analysis is available, in full, on the IRB Brasil RE website<\/a>. On the same website, the IRB+Insurance Market Dashboard<\/a> allows dynamic and free consultation of information from the entire sector.<\/p>\n","protected":false},"excerpt":{"rendered":" IRB+Market newsletter shows that the sector advanced 16.8% in the first four months, totaling BRL 50.2 billion. Loss ratio dropped two percentage points compared to April 2021<\/p>\n","protected":false},"author":20,"featured_media":6921,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[63],"tags":[],"class_list":["post-5960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/5960","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/users\/20"}],"replies":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/comments?post=5960"}],"version-history":[{"count":0,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/posts\/5960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media\/6921"}],"wp:attachment":[{"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/media?parent=5960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/categories?post=5960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.irbre.com\/en\/wp-json\/wp\/v2\/tags?post=5960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}