Insurance Market Analysis

Labour legislation & broker regime The largest market is outside of formal employment Population: 180.9m (PNAD 2007) Formal: 62% (54.1m) Population>15 years: 134m Employed: 87.7m (91.8%) Labour force: 95.5m (economically active) Unemployed: 7.8m (8.2%) Source: authors, based on IETS (2009) analysis of IBGE PNAD 2007 data Employees: 55% Employers: 6% Military & civil service: 11% Only 44% "truly formal" Domestic workers: 12% Unpaid/no monetary remuneration: Broader market to be reached outside of 16% Informal: 38% (33.6m) Self- employed: 55% Informal employees: 45% employee groups: 56% of total employed cenfri

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