by Lakshmi Gopal on  March 15, 2012 at 12:40 AM Health Insurance News
 Brazil Health Insurance to Grow Rapidly by 2016, Says Report
Brazil is expected to see robust growth over the next four years in the health insurance sector, says a new report from UK-based research firm BRICdata.

The Brazilian health insurance category rose from BRL9.8bn ($5.47bn) in 2007 to BRL15.1bn ($8.43bn) in 2011, recording a CAGR of 11.27%.

There was an increase from BRL69.14m ($38.62m) to BRL88.42m ($49.39m) in the number of new policies sold in the Brazilian health insurance category during 2007-2011, the review period.

During this period, the penetration of Brazilian health insurance products rose from 0.34% in 2007 to 0.54% in 2011, as many new policies were sold across the country.

Over the forecast period (2012-2016), the health insurance industry in Brazil is expected to record a CAGR of 6.32% to reach a projected value of BRL16.2bn (9.05bn) in 2016.

The number of new policies sold in the Brazilian health insurance category is expected to increase from BRL95.66m ($53.44m) in 2012 to BRL116.34m ($64.99) in 2016.



Source: Medindia

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