Brazil Logistics Insurance Market Size, Share, By Type (Freight Forwarder Liability Insurance, Marine Services Liability, Cargo Insurance, and Others), By Industry (Marine, Aviation, Transportation, and Others), Brazil Logistics Insurance Market Insights, Industry Trend, Forecasts to 2035

Brazil Logistics Insurance Market Insights Forecasts to 2035

• Brazil Logistics Insurance Market Size 2024: USD 2.26 Mn
• Brazil Logistics Insurance Market Size 2035:  USD 3.5 Mn
• Brazil Logistics Insurance Market CAGR 2024: 4.06%
• Brazil Logistics Insurance Market Segments: Type and Industry

The Brazil logistics insurance market consists of insurance products that provide coverage for goods and shipments throughout transportation, storage, and handling. It is utilized by logistics service providers, manufacturers, and traders to reduce the impact of risks such as destruction, robbery, or loss of goods, as well as delays within the supply chain.

In Brazil, the logistics insurance sector has been transformed through the introduction of projects that connect the direct carbon footprint offsetting of transport insurance with the carbon footprint of the whole supply chain. The NDD AVERBA system provides the means for the logistics companies and the insurance companies to compensate for CO emissions during the movement of the cargo automatically, which results in a considerable percentage of the market adopting the system and encourages the company to achieve its eco-friendly goals.

Mandatory Cargo Insurance Regulations: The National Agency of Terrestrial Transport (ANTT), through Resolution No. 6,068/2025, mandates insurers to provide coverage for freight road transport operators. This regulation formally integrates freight road truckers into national supply chains, thereby increasing demand for cargo insurance.

The Brazil logistics insurance market is driven by multiple factors, including the rapid growth of e-commerce, expansion of global supply chains, stricter transportation regulations, and increasing adoption of digital insurance solutions.

Market Dynamics of the Brazil Logistics Insurance Market:

The Brazil logistics insurance market is driven by the various factors which include, but are not limited to, the unprecedented growth of e-commerce and international trade, government-imposed insurance requirement that is very strict, the increase in the number of freight passed through the country, and the use of modern technologies such as artificial intelligence and internet of things to monitor the situation in real-time.

The Brazil logistics insurance market is restrained by the very high rates for complete coverage, a lack of understanding of insurance among small logistics operators, complicated and time-consuming claim processes, the unavailability of advanced technology in certain areas, and the instability of the economy, which has an impact on the freight and supply chain operations.

The future of Brazil logistics insurance market is bright and promising, with the increasing need for real-time risk management, digital insurance solutions, stricter regulatory compliance, and expanding both domestic and international trade, along with the rise of e-commerce.

Market Segmentation

The Brazil logistics insurance market share is classified into type and Industry.

By Type:

The Brazil logistics insurance market is divided by type into freight forwarder liability insurance, marine services liability, cargo insurance, and other. Among these, the cargo insurance segment dominated the share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Because of the growing freight volumes in Brazil, the expansion of e-commerce, and the government regulations, all necessitate the comprehensive coverage for the goods in transit that would not only secure the capital but also reduce the risk of loss, damage or theft.

By Industry:

The Brazil logistics insurance market is divided by industry into marine, aviation, transportation, and others. Among these, the transportation segment accounted for the largest market share in 2024 and is anticipated to grow at a remarkable CAGR during the forecast period. Because road and land freight are the primary means of transportation in Brazil, domestic logistics activities are very intensive, e-commerce is creating more and more shipments and protecting goods along the long and complicated supply chains is an important but costly requirement.

Competitive Analysis:

The report offers the appropriate analysis of the key organisations/companies involved within the Brazil logistics insurance market, along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

Top Key Companies in Brazil Logistics Insurance Market:

• Bradesco Seguros
• Porto Seguro
• Sulamérica
• Brasilseg
• Itaú Seguros
• Caixa Seguridade
• Irb Brasil Re
• Austral Resseguradora
• Seguros Unimed
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at the Brazil, regional, and country levels from 2020 to 2035. Decisions Advisors has segmented the Brazil logistics insurance market based on the below-mentioned segments:

Brazil Logistics Insurance Market, By Type

• Freight Forwarder Liability Insurance
• Marine services liability
• Cargo Insurance
• Others

Brazil Logistics Insurance Market, By Industry

• Marine
• Aviation
• Transportation
• Others