Brazil's expanding dental insurance market

Bnamericas Published: Friday, August 16, 2019
The dental segment is becoming increasingly important for health insurance companies in Brazil, Latin America’s largest insurance market. 
Demand for dental plans is increasing despite the country's weak economy as prices for such plans are much lower than for health plans.
Health plan demand has also been negatively impacted by high unemployment as many companies offer such plans to employees as part of their benefits.
The number of Brazilians with dental coverage increased 5.72% to 24.8mn in the 12 months through June. In the same period, the number of people with health coverage grew only 0.22% to 47.3mn, according to figures from health insurance regulator ANS.
BNamericas takes a look at the five largest dental insurance players and the number of beneficiaries they had at the end of June. 
No 1.
Brazil's biggest dental insurance provider in June was Odontoprev
The company, controlled by local lender Banco Bradesco, ended H1 with 5.63mn beneficiaries. 
No 2. 
Amil Assistencia Medica, which is controlled by US-based UnitedHealth and a major player in the Brazilian health plan segment, finished June with 2.10mn beneficiaries. 
No 3.
Local player  Notredame Intermédica closed H1 with 2.06mn beneficiaries. 
No  4.
Brazilian health insurance company Hapvida Sistema de Saúde ended June with 1.60mn beneficiaries. 
No 5.
The local unit of US insurance giant MetLife had 990,777 beneficiaries at the close of H1.

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