Brazil is brimming with potential. The country has seen a transformed economy, lower unemployment and a decline in income inequality. As the industrial sector and middle class grow, Brazil is more attractive to foreign companies and their insurers and brokers. Although it is an emerging market, Brazil has large, established agricultural, mining, manufacturing and service sectors, with many companies looking to expand outside of the region. Demand for commercial insurance and broking services is rising. But the country's tax and labor rules bring levels of bureaucracy that would shock many foreign companies. The government also continues to protect industries it sees as strategic, including insurance and reinsurance. This white paper explores the opportunities Brazil holds for insurers, reinsurers and brokers, explains how the insurance regulatory system works, and discusses issues that must be faced when doing business there. View a sample.