The sheer size of the Brazilian population, the significant social inclusion that has taken place since 2003 (between 2003 and 2008, an estimated 27mn people moved into classes A, B and C and 24mn moved out of poverty, classes D and E), the scope for cross-selling of insurance to bank clients (bancassurance), innovative approaches in the insurance sector at large, and the use of large consumer group "sponsors" such as retailers and utilities as distribution channels combine to make this a very dynamic market. At the same time, there is still a very large opportunity to be unlocked.
Our report estimates, based on various assumptions, that there are currently 23-33mn people that can be regarded as microinsurance clients (excluding private/supplementary health insurance) in Brazil, but that there are at least 40mn more that are potential clients.
Brazil has arguably the largest voluntary microinsurance market in the world. By voluntary we mean insurance that a person buys of their own accord, not because it is included as part of a loan agreement - credit life insurance - or in some other way compulsory.
ブラジルには世界でも最大となる任意の小口保険市場があると言ってもよい。個人が自ら進んで契約するという自由意志による保険ということであり、借入契約として（信用生命保険）あるいはなんらかの強制的な方法によるもので含まれるものではないということである。
Note that we take quite a broad view of what is "microinsurance." Not just insurance targeting the poorest of the poor - social class E in Brazil, who are unlikely to be viable clients if they have to pay premiums themselves - but more importantly the D and C social classes that can sustainably afford microinsurance premiums. C, D and E together represent 128mn people - up to 85% of the population.
The regulators and market players are all engaging to find ways to significantly expand the reach of the insurance sector, noting the important role that insurance can play in safeguarding the gains of social insurance by protecting people against risks that can push them back into poverty.
取締官や市場関係者は、人々を貧困へ押し戻すリスクに対する保護としての社会保険の利得として、 保険が安全防護対策となる重要な役割に注意しつつ、保険セクターの範囲を著しく拡大する方法の模索に取り組んでいる。
