Mercado segurador brasileiro: uma análise a partir da abertura do mercado de resseguros (2005 – 2018)

Abstract

Brazil's insurance market has undergone a series of changes over the years to develop the sector. The main milestone of these modifications is the change in the legislation regarding the solvency of this market, implemented in 2007, which allowed the opening of the reinsurance market and the breaking of the monopoly exercised by the Brazilian Reinsurance Institute (IRB). The general objective of this paper proposes to establish if there was a growth of the insurance market with the implementation of Complementary Law 126/2007 (BRAZIL, 2007), which provides for the regulation of the reinsurance market and the entry of new reinsurers in the country. The specific objectives are to present changes in market regulation over the period 2005 to 2018 and their impacts on the development of the insurance market and the general insurance segment. In order to support the study, we presented a theoretical framework subdivided into four parts: History of the insurance market; insurance market structure and basic definitions of insurance and reinsurance. In addition, a literature search was performed followed by a quantitative analysis of the data obtained through the official websites of the Private Insurance Superintendence (SUSEP) and the National Federation of General Insurance (FenSeg). For the treatment of secondary data, the software Excel was used to explore and perform a descriptive analysis in order to meet the objectives mentioned. It was found that the change in the reinsurance market triggered a considerable increase in insurance market revenues, as well as identified that the variables considered in the analysis have positive linearity, that is, as the increase in reinsurance collection increases insurance market demand.