At a glance: The main players in Brazilian health insurance
Bnamericas Published: Friday, August 09, 2019
In line with a slight uplift in employment, more Brazilians were covered by private health insurance in the first half of the year. At end-June, 47.3mn Brazilians had a plan, up 0.22% from a year ago, according to sector regulator ANS.
Unemployment decreased to 12% in 2Q19, the most recent figure statistics bureau IBGE published, down from 12.7% in the first quarter.
Most health plans are bought by companies for their employees, so a drop in unemployment automatically lifts the health segment, which is the biggest market for Brazilian insurers in terms of revenue.
Health insurance overtook vehicle insurance in recent years as the population ages while quality public healthcare is lacking.
BNamericas takes a look at the five largest health insurance operators by number of beneficiaries.
No 1
Amil Assistencia Medica, controlled by US-based UnitedHealth, had 3.52mn beneficiaries in the period, earning it the top spot.
No 2
Bradesco Saúde is a subsidiary of Bradesco Seguros, the health insurance arm of local banking giant Bradesco. It covered 3.26mn beneficiaries by June.
No 3
Local health insurance company Hapvida Sistema de Saúde ended the first half with 2.42mn beneficiaries. This number will increase, as Hapvida went on an acquisition spree with the number of new clients added after regulators approve all the deals.
No 4
Notredame Intermédica had 2.27mn beneficiaries in its health segment by June.
No 5
The largest non-bank controlled insurer in Brazil, SulAmérica, had 1.8mn clients in by the end of the first half.
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Brazil)
Bright prospects: Brazil's penchant for streetlighting PPPs
Pedro Vicente Iacovino, president of streetlighting concessionaires association Abcip, talks with BNamericas about the outlook for PPPs.
Centrists gain upper hand in Brazil's municipal elections
The two main political figures, President Luiz Inácio Lula da Silva and his right-wing rival, former president Jair Bolsonaro, did not play a signi...
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Pedra del Reino V Wind Farm (Bay, 16 MW)
- Current stage:
- Updated:
4 months ago
- Project: Photons of Santa Rafaela 01
- Current stage:
- Updated:
1 year ago
- Project: Omar VI
- Current stage:
- Updated:
1 year ago
- Project: Formosa I
- Current stage:
- Updated:
1 year ago
- Project: San Fernando 1
- Current stage:
- Updated:
8 months ago
- Project: GOO Montalvânia
- Current stage:
- Updated:
1 year ago
- Project: Solaris 151
- Current stage:
- Updated:
1 year ago
- Project: SEVEN FIELDS 01
- Current stage:
- Updated:
8 months ago
- Project: Cascudo Photovoltaic Plant 7 (Río Grande do Norte, 30 MW)
- Current stage:
- Updated:
5 years ago
- Project: Grade VII
- Current stage:
- Updated:
1 year ago
Other companies in: Political Risk & Macro
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Richard Hidalgo Vásconez Cía. Ltda.
- Company: Gobierno de la República de Surinam
-
The Government of the Republic of Suriname is the public administration established under its Constitution in 1987. It is composed of the President's office, integrated by the P...
- Company: Dirección General de Caminos (DGC)
- Company: Asociación de Aseguradores de Chile A.G. (AACH)
-
Chilean Insurance Assocation A.G. (AACH) is a non-profit association, comprised of 56 insurance companies, incorporated in 1899 to promote the development and protection of insu...
- Company: Gobierno de la República de Chile
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
