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Insurance sector sales increase 17.3% in the first two months of 2024

Source: Safe Dream. Denise Bueno.

Personal insurance stood out in the period, with an increase of 23%

Insurance companies’ revenue in the first two months of the year was R$68.29 billion, an increase of 17.3% compared to the same period in 2023, according to data from the Private Insurance Superintendency (Susep).

According to the report, the amounts returned to society totaled R$38.99 billion by the second month of the year, of which R$18.19 billion in February alone.

The property and casualty insurance segments, excluding VGBL, had revenues of R$ 32.14 billion, an increase of 12.7% compared to the same period of the previous year, when revenues were R$ 28.5 billion.

The edition also informs that personal insurance increased by 23.1%, compared to the same period in 2023. Highlight in personal insurance products during the period, VGBL reached the accumulated amount of R$ 29 billion, a value that represents a growth of 25.5% compared to the same period in 2023.

Damage insurance saw an increase of 10.7% in premium collection. In the auto insurance business line, premiums reached R$8.81 billion, 4.6% higher than in the first two months of last year.

Link: https://www.sonhoseguro.com.br/2024/04/vendas-do-setor-de-seguros-avancam-173-no- Primeiro-bimestre-de-2024/

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