(photo: Geyzon Lenin / Esp.CB / D.A Press)
(photo: Geyzon Lenin / Esp.CB / D.A Press)

The collection of the Brazilian insurance sector totaled R $ 23.6 billion in January this year, an increase of 17.6% compared to the same month last year. In the 12 months ended in January, the increase in revenue reached 12.6%, with a record of R $ 273.7 billion.

The results do not include revenues from supplementary health and personal injury insurance from land motor vehicles (DPVAT). In January 2019, compared to the same month last year, the insurance sector's revenue growth was 12.2%.

The president of the National Confederation of Insurance Companies (CNSEG), Marcio Coriolano, said today (20) that the biggest contribution to the growth of the collection in January was the Life Risk insurance (+ 23.21%) and the Social Security Free Benefit Generator Plan (PGBL) and Life Free Benefit Generator (VGBL), with increases of around 12.16% and 33.90%, respectively.

The Assets branch, in the damages and liabilities segment, also increased by 12.27%.

Challenge

In Coriolano's assessment, “it was a better start to the year than it did in 2019”.

The survey carried out by the federation shows, however, that, in relation to the immediately previous month, the January result fell by 15.8%, already expected, given the strong sales at the end of last year.

The entity's president stated that the challenge is now to sustain the results recorded in 2019 and in January 2020. He stated that due to the coronavirus pandemic and the isolation imposed on the population for the prevention of Covid-19 disease, economic activity must face a scenario of against.

“There is great consensus on the adverse impact of the necessary measures that are being taken by governments on production, employment and income.”

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