2023-06-09 20:40:34
© Reuters. Susep: insurance companies raise BRL 117.48 billion by April, up 8.7% over the same period in 2022
Brazilian insurers raised BRL 117.48 billion in the first four months of 2023, according to data from the Superintendence of Private Insurance (Susep). The volume is 8.7% greater than that calculated in the same period last year, according to the municipality.
In the period, damage insurance grew by 16.8%. It is in this segment that automotive insurance is located, which grew by 22% year on year, and raised R$ 17.4 billion in the first four months of 2023. In life insurance, the life line grew 11.3%, to BRL 9.21 billion.
In the month of April alone, the collection of the sector was R$ 26.96 billion, growth of 4.1% in the annual comparison. The damage branch also drove growth in this comparison, with a 12% increase, to R$ 9 billion in collection.
In relation to the first four months of the year, Susep states that the return to society, that is, compensation payments, redemptions and raffles, reached R$ 76.04 billion, an increase of 2.18% in the annual comparison. Pension redemptions totaled BRL 43.92 billion from January to April, and insurance claims amounted to BRL 24.77 billion.
In a note, the superintendent of Susep, Alessandro Octaviani, states that market numbers need to be published regularly. “The insurance, pension plan and capitalization market is a precious national asset, as prescribed by the Federal Constitution. Good information about this market is a premise for it to work well and fulfill its functions in the best possible way”, he says.
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