As the global financial crisis continues to affect the world’s major economies, surprising opportunities may be emerging in the insurance industry of Brazil. After capping 2008 with 18 percent growth industry-wide, Brazil’s official forecasts predict growth in 2009 to be as high as 20 percent. Both the Financial Times and The Economist predict that Brazil will be less impacted than most big economies by the global slowdown due to its well-capitalized financial institutions, growing domestic consumer markets, big currency reserves and the birth of a consumer mortgage system. The demand for insurance products in all sectors continues to rise due to the continued maturation of the Brazilian economy and recent end of the state monopoly on reinsurance.