Personal insurance market raises R$ 20 billion in the 1st quarter and grows 10%

The personal insurance market started 2026 expanding in Brazil, according to data from Fenaprevi (National Federation of Private Pensions and Life) which show that the segment collected R$20.3 billion in premiums in the first quarter of the year - growth of 10% compared to the same period in 2025.

The result represents around R$2 billion more in the annual comparison and was mainly driven by insurance against serious illnesses, which registered an increase of 21% in the period.

There were also relevant advances in educational insurance, with growth of 20.5%, and credit life insurance, which rose 17.7%.

Life insurance, in individual and collective modalities, accounted for 48% of all collections in the segment between January and March. Credit life products represent 30% of the total, while personal accident insurance accounts for 12%.

According to the president of Fenaprevi, Edson Franco, the sector's growth follows the improvement in economic indicators, such as income and employment, but financial protection still reaches a small portion of the population.

According to Franco, only 18% of Brazilians over 18 years of age have life insurance.

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The survey also points to an increase in the amounts paid in compensation to policyholders and beneficiaries. In the first quarter of 2026, claims totaled R$4.4 billion, an increase of 4.9% compared to the same period in the previous year.

Among products, payments linked to insurance against serious illnesses grew 24.2%, while individual life indemnities increased 19.7%.

Life insurance accounted for 53% of payments made in the period. Credit life insurance accounted for 22% of compensation, and personal accident products accounted for 11%.

Source: CNN