The non-life segment is considered to be one of the most highly regulated and concentrated in the Venezuelan insurance industry. It is the largest segment, representing a market share of 48.7% in terms of gross written premium in 2011.
Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2016 -ReportsnReports
1. Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2016
The report provides in depth market analysis, information and insights into the
Venezuelan non-life insurance market, including:
• The Venezuelan non-life insurance market’s growth prospects by non-life insurance
categories
• The various distribution channels in the Venezuelan non-life insurance market
• The competitive landscape in the non-life insurance market in Venezuela
• A description of the non-life reinsurance market in Venezuela
Summary
The non-life segment is considered to be one of the most highly regulated and
concentrated in the Venezuelan insurance industry. It is the largest segment,
representing a market share of 48.7% in terms of gross written premium in 2011. In
terms of gross written premium in 2011, the Venezuelan non-life segment was led by
motor insurance with a 72% market share, followed by property insurance with 20.9%.
The growth in automobile sales, the rising property market and high inflation in the
country supported the growth of the non-life segment during the review period and is
expected to continue to do so over the forecast period. Compulsory third-party motor
liability insurance also supported the growth of non-life insurance during the review
period and both motor and property insurance are expected to retain their shares over
the forecast period.
Scope
This report provides a comprehensive analysis of the non-life insurance market in
Venezuela:
• It provides historical values for Venezuela’s non-life insurance market for the report’s
2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Venezuela’s non-life insurance
market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss,
loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets,
total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in
Venezuela
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive
landscape in Venezuela for the non-life insurance business
• It provides a detailed analysis of the reinsurance market in Venezuela and its growth
prospects
• It profiles the top non-life insurance companies in Venezuela and outlines the key
regulations affecting them
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non-life-insurance-in-venezuela-key-trends-and-opportunities-to-2016.html
2. Published: November 2012
No. of Pages: 246
Price: Single User License: US$ 1950 Corporate User: US $ 3900
Reasons To Buy
• Make strategic business decisions using historic and forecast market data related to
the Venezuelan non-life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities
within the Venezuelan non-life insurance market
• Assess the competitive dynamics in the non-life insurance market, along with the
reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Venezuelan insurance market and its
impact on companies and the market''s future
Key Highlights
• The non-life segment is considered to be one of the most highly regulated and
concentrated in the Venezuelan insurance industry.
• It is the largest segment, representing a market share of 48.7% in terms of gross
written premium in 2011.
• In terms of gross written premium in 2011, the Venezuelan non-life segment was led
by motor insurance with a 72% market share, followed by property insurance with
20.9%.
• The growth in automobile sales, the rising property market and high inflation in the
country supported the growth of the non-life segment during the review period, and is
expected to continue to do so over the forecast period.
• Compulsory third-party motor liability insurance also supported the growth of non-life
insurance during the review period, and both motor and property insurance are
expected to retain their shares over the forecast period.
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