Bradesco Seguros e Previdência
Bradesco Seguros, headquartered in the city of Rio de Janeiro, provides a wide range of insurance products to individuals and corporate clients in Brazil, and also offers insurance products not only on an individual basis, but also under corporate agreements, according to which companies’ employees are insured. Bradesco Seguros’ products include health, life, personal accident, automobile insurance and other assets, with health insurance comprising the largest portion of its insurance area.
The billing, which for the segment, is concentrated, historically, in the last quarter of the year, did not have the same performance in comparison with the fourth quarter of 2015. Net income for the first quarter of 2016 remained in line with that presented in the previous quarter, due to: (i) a decrease in the financial income; partially offset by: (ii) a decrease of 7.7 p.p. in the claims ratio; and (iii) a decrease of 0.3 p.p. in the commercialization index.
The revenue for the first quarter of 2016 showed a growth of 13.6% in comparison with the same period of the previous year. Net income for the first quarter of 2016 was 4.9% lower than the results calculated in the same period in the previous year, influenced by the increase of the aliquot of the Social Contribution (CSLL), that affected the quarter results; partially offset by: (i) a decrease of 4.1 p.p. in the claims ratio and (ii) a decrease of 1.3 p.p. in the commercialization index.
In March 2016, technical reserves for Bradesco Vida e Previdência stood at R$162.6 billion, made up of R$154.7 billion from "Pension Plans and VGBL" and R$7.9 billion from "Life, Personal Accidents and Other Lines", resulting in an increase of 3.2% over December 2015.
The Pension Plan and VGBL Investment Portfolio accounted for 29.6% of market funds in February 2016 (source: Fenaprevi).
Bradesco Saúde and Mediservice
These two companies have a combined total of more than 4.3 million clients. The large share of
corporate insurance in this portfolio (96.2% in March 2016) is proof of its high level of specialization and customization in the provision of group plans.
In March 2016, Bradesco Saúde and Mediservice maintained a strong market position in the
corporate segment (source: ANS).
Approximately 136 thousand companies in Brazil have Bradesco Saúde insurance and Mediservice plans.
Of the 100 largest companies in Brazil in terms of billing, 49 are Bradesco Saúde and Mediservice customers (source: Exame magazine – "Melhores e Maiores" ranking, July 2015).
Bradesco Capitalização ended the first two months of 2016 in first place among the capitalization bond companies, showing 2.3% of growth in revenue in comparison with 2015, due to its policy of transparency and by adjusting its products based on potential consumer demand, consistent with the market changes.
Concerned with providing products that better fit the most varied profiles and budgets of its clients, Bradesco Capitalização has a product portfolio, which ranges in payment method (lump or monthly), contribution term, periodicity and value of premiums that meet the requirements and expectations of the clients.
Combining a pioneering spirit with a businessminded strategic view, Bradesco Capitalização has launched products onto the market concerned with socio-environmental causes, in which part of the revenue goes to projects with this purpose. In addition to offering clients the possibility of creating a financial reserve, Capitalization Bonds with the socio-environmental profile seek to raise client’s awareness of the importance of this subject and allow them to participate in a noble cause that benefits society.
Bradesco Capitalização currently has partnerships with the following institutions: (i) Fundação SOS Mata Atlântica (which contributes to the preservation of biological and cultural diversity of the Atlantic Forest, stimulating social and environmental citizenship); (ii) Fundação Amazonas Sustentável (which contributes to the sustainable development, environmental preservation and improvement of the quality of life in communities that benefit from preservation centers in the state of Amazonas); (iii) Instituto Brasileiro de Controle do Câncer (the Brazilian Cancer Control Institute – which contributes to the prevention, early diagnosis and treatment of breast cancer in Brazil); (iv) Tamar Project (created to preserve sea turtles); and (v) Instituto Arara Azul (created to work on the preservation of Blue Macaws in their natural habitat).
In the Property Insurance field, we maintained the focus on large brokers and clients of the
"Corporate" and "Companies" segments, which has provided renewals of the main accounts, either in leadership or through participation in coinsurance. In the "Aeronautical" and "Maritime
Hulls" insurance, the interchange with the "Corporate" and "Companies" segments has been heavily used, leveraging the increment of market in the sale of new aircraft, as well as in the "Maritime" segment.
Despite the strong competition in the field of "Auto/RCF", the insurance company has maintained its fleet of around 1.5 million items, guaranteed by the maintenance of competitiveness. Such a fact originated, mainly, from more refined and segmented pricing. Another important aspect refers to the improvement of current products and the creation of products intended for specific audiences. Among these, we can highlight the launch of the product "Bradesco Seguro Auto Assistência Total" (Auto Insurance Total Assistance), exclusively for account holders of Bradesco, which assists with Assistência Dia e Noite services (Day and Night assistance services), for vehicle and residence of insured persons.
Mass insurance targets individuals, self-employed professionals and SMEs.