Insurance industry of Brazil sees promising growth potential

Brazil Insurance Industry

Allianz predicts Brazilian insurance industry will see significant growth this year Allianz, Europe’s largest insurance organization, has high hopes for the insurance industry in Brazil. The country boasts of one of the most promising insurance markets in the world, partly due to an expanding economy and the relatively low number of natural disasters it has seen over the past year. Brazil has begun investing heavily in its infrastructure, especially where electrical power is concerned. The country has been showing strong support for renewable energy, but still maintains a reliance on…

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UnitedHealth Group acquire large Brazilian insurance company

insurance industry report

UnitedHealth Group acquires Amil Participacoes SA Health insurance giant UnitedHealth Group has announced its acquisition of one of the largest health care companies in Brazil, Amil Participacoes SA. The move is part of UnitedHealth Group’s endeavor to boost its presence in Latin America, a region brimming with demand for health insurance coverage. UnitedHealth Group acquired the Brazilian company for approximately $4.9 billion. The company operates 22 hospitals and 50 clinics located throughout Brazil and boasted of an annual revenue of more than $5 billion. Move comes as company attempts to…

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