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Life Insurance in Venezuela, Key Trends and Opportunities to 2016

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  • 1. Life Insurance in Venezuela, Key Trends and Opportunities to2016Report Details:Published:December 2012No. of Pages: 215Price: Single User License – US$1950SynopsisThe report provides in depth analysis, information and insights into the Venezuelan life insurancesegment, including:• The Venezuelan life insurance segment’s growth prospects by life insurance categories andcustomer segments• The various distribution channels in the Venezuelan life insurance segment• The competitive landscape in the Venezuelan life insurance segment• A description of the life reinsurance segment in VenezuelaSummaryIn terms of written premium, the life insurance segment accounted for the lowest share of theVenezuelan insurance industry in 2011. The life segment grew at a CAGR of 31.7% during thereview period due to the introduction of mandatory funeral insurance and gradual improvements inconsumer purchasing power. Changes in the regulatory framework also supported the growth oflife insurance during the review period, increasing consumer confidence and encouraging lifeinsurance companies to invest in Venezuela. As a result, the Venezuelan life segment is expectedto grow at a CAGR of 25.7% over the forecast period. Life insurance in Venezuela ispredominantly distributed through agencies and insurance brokers.ScopeThis report provides a comprehensive analysis of the life insurance market in Venezuela:• It provides historical values for Venezuela’s life insurance market for the report’s 2007–2011review period and forecast figures for the 2012–2016 forecast period• It offers a detailed analysis of the key sub-segments in Venezuela’s life insurance market, alongwith 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 investmentincome and retentions• It analyses the various distribution channels for life insurance products in Venezuela
  • 2. • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape inVenezuela for the life insurance business• It provides a detailed analysis of the reinsurance market in Venezuela and its growth prospects• It profiles the top life insurance companies in Venezuela and outlines the key regulationsaffecting themReasons To Buy• Make strategic business decisions using in-depth historic and forecast market data related to theVenezuelan life insurance segment and each sub-segment within it• Understand the demand-side dynamics, key segment trends and growth opportunities within theVenezuelan life insurance segment• Assess the competitive dynamics in the life insurance segment, along with the reinsurancesegment• Identify the growth opportunities and market dynamics within key product categories• Gain insights into key regulations governing the Venezuelan insurance segment and its impacton companies and the markets futureKey Highlights• In terms of written premium, the life insurance segment accounted for the lowest share of theVenezuelan insurance industry in 2011.• The life segment grew at a CAGR of 31.7% during the review period due to the introduction ofmandatory funeral insurance and gradual improvements in consumer purchasing power.• Changes in the regulatory framework also supported the growth of life insurance during thereview period, increasing consumer confidence and encouraging life insurance companies toinvest in Venezuela.• As a result, the Venezuelan life segment is expected to grow at a CAGR of 25.7% over theforecast period.• The gross written premium of the life insurance segment is expected to increase at a CAGR of2.2% over the forecast period (2012?2016).• Life insurance in Venezuela is predominantly distributed through agencies and insurancebrokers.Get your copy of this report @http://www.reportsnreports.com/reports/209410-life-insurance-in-venezuela-key-trends-and-opportunities-to-2016.htmlMajor points covered in Table of Contents of this report includeTable of Contents1 Executive Summary2 Introduction2.1 What is this Report About?2.2 Definitions2.3 Methodology3 Venezuelan Insurance Industry Attractiveness
  • 3. 3.1 Insurance Industry Market Size, 2007–20163.2 Key Industry Trends and Drivers3.2.1 Business drivers3.2.2 Consumer drivers4 Life Insurance Segment Outlook4.1 Life Insurance Growth Prospects by Category4.1.1 Individual life insurance category4.1.2 Individual general annuity category4.1.3 Individual others category4.1.4 Group life insurance category4.2 Life Insurance Growth Prospects by Product Category4.2.1 Individual single-premium products4.2.2 Individual non-single-premium products4.2.3 Group single-premium products4.2.4 Group non-single-premium products5 Analysis by Distribution Channel5.1 Direct Marketing5.2 Bancassurance5.3 Agencies5.4 E-Commerce5.5 Brokers5.6 Other Channels6 Regulatory Policies7 Porter’s Five Forces Analysis – Venezuelan Life Insurance7.1 Bargaining Power of Supplier: Medium7.2 Bargaining Power of Buyer: Medium to High7.3 Barriers to Entry: Medium to High7.4 Intensity of Rivalry: Medium7.5 Threat of Substitutes: Low8 Reinsurance Growth Dynamics and Challenges8.1 Reinsurance segment size, 2007–20168.2 Reinsurance Segment Size by Insurance Segment, 2007–20169 Competitive Landscape and Strategic Insights9.1 Overview9.2 Leading Companies in the Venezuelan Life Insurance Segment9.3 Seguros Horizonte CA – Company Overview9.3.1 Seguros Horizonte CA – key facts9.4 Zurich Seguros SA – Company Overview9.4.1 Zurich Seguros, SA – key facts9.5 Seguros la Fe, CA – Company Overview9.5.1 Seguros la Fe, CA – Key Facts9.6 Banesco Seguros CA – Company Overview
  • 4. 9.6.1 Banesco Seguros CA – key facts9.7 Seguros Mercantil CA – Company Overview9.7.1 Seguros Mercantil CA – key facts9.8 Seguros La Occidental – Company Overview9.8.1 Seguros La Occidental – key facts9.9 Mapfre la Seguridad CA – Company Overview9.9.1 Mapfre la Seguridad, CA – key facts10 Business Environment and Country Risk10.1 Business Confidence10.1.1 Market capitalization trend – Venezuela Stock Market (IBVC)10.2 Economic Performance10.2.1 GDP at constant prices (US$)10.2.2 GDP per capita at constant prices (US$)10.2.3 GDP at current prices (US$)10.2.4 GDP per capita at current prices (US$)10.2.5 GDP by key segments10.2.6 Manufacturing net output at current prices (VEF)10.2.7 Manufacturing net output at current prices (US$)10.2.8 Manufacturing net output at current prices as a percentage of GDP10.2.9 Mining, manufacturing and utilities net output at current prices (VEF)10.2.10 Mining, manufacturing and utilities at current prices (US$)10.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP10.2.12 Construction net output at current prices (VEF)10.2.13 Construction net output at current prices, (US$)10.2.14 Construction net output at current prices as a percentage of GDP10.2.15 Inflation rate10.2.16 Current account balance as a percentage of GDP10.2.17 Exports as a percentage of GDP10.2.18 Imports as a percentage of GDP10.2.19 Exports growth10.2.20 Imports growth10.2.21 External debt10.2.22 Annual average exchange rate US$–VEF10.2.23 End-of-period exchange rate US$–VEF10.3 Infrastructure Quality and Availability10.3.1 Total airports and sea ports10.3.2 Railways and roadways10.3.3 Passenger vehicle production volume10.3.4 Commercial vehicle production volume10.3.5 Automotive component exports trend10.3.6 Automotive component imports trend10.3.7 Passenger car penetration
  • 5. 10.3.8 Healthcare expenditure10.3.9 Healthcare expenditure as a percentage of GDP10.3.10 Healthcare expenditure per capita10.3.11 Total internet subscribers10.4 Labor Force10.4.1 Labor force10.4.2 Unemployment rate10.5 Demographics10.5.1 Annual disposable income10.5.2 Annual per capita disposable income10.5.3 Total population10.5.4 Urban and rural population10.5.5 Female percentage of the population10.5.6 Male percentage of the population10.5.7 Mean age of the population10.5.8 Median age of the population10.5.9 Population density10.5.10 Age distribution of the total population10.5.11 Age distribution of the male population10.5.12 Age distribution of the female population10.5.13 Number of households10.6 Political and Social Risk10.6.1 Political stability10.6.2 Terrorism index10.6.3 Transparency index11 Appendix11.1 Methodology11.2 Contact Us11.3 About Timetric11.4 DisclaimerList of TablesTable 1: Insurance Industry DefinitionsTable 2: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2007–2011Table 3: Venezuelan Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011Table 4: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2011–2016Table 5: Venezuelan Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016Table 6: Venezuelan Insurance – Segmentation (% Share), 2007–2016Table 7: Venezuelan Life Insurance – Written Premium by Category (VEF Billion), 2007–2011Table 8: Venezuelan Life Insurance – Written Premium by Category (US$ Billion), 2007–2011Table 9: Venezuelan Life Insurance – Written Premium by Category (VEF Billion), 2011–2016Table 10: Venezuelan Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
  • 6. Table 11: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2007–2011Table 12: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2011–2016Table 13: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2007–2011Table 14: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2011–2016Table 15: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2007–2011Table 16: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2011–2016Table 17: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2007–2011Table 18: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2011–2016Table 19: Venezuelan Life Insurance – Loss Ratio (%), 2007–2011Table 20: Venezuelan Life Insurance – Loss Ratio (%), 2011–2016Table 21: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2007–2011Table 22: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2011–2016Table 23: Venezuelan Life Insurance – Combined Ratio (%), 2007–2011Table 24: Venezuelan Life Insurance – Combined Ratio (%), 2011–2016Table 25: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2007–2011Table 26: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2011–2016Table 27: Venezuelan Life Insurance – Total Assets (VEF Billion), 2007–2011Table 28: Venezuelan Life Insurance – Total Assets (VEF Billion), 2011–2016Table 29: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2007–2011Table 30: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2011–2016Table 31: Venezuelan Life Insurance – Retentions (VEF Billion), 2007–2011Table 32: Venezuelan Life Insurance – Retentions (VEF Billion), 2011–2016Table 33: Venezuelan Individual Life Insurance Category – Number of Active Policies (Thousand),2007–2011Table 34: Venezuelan Individual Life Insurance Category – Number of Active Policies, 2011–2016Table 35: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),2007–2011Table 36: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),2011–2016Table 37: Venezuelan Individual General Annuity Category – Number of Active Policies(Thousand), 2007–2011Table 38: Venezuelan Individual General Annuity Category – Number of Active Policies(Thousand), 2011–2016Table 39: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),2007–2011Table 40: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),2011–2016Table 41: Venezuelan Individual Others Category – Number of Active Policies (Thousand),2007–2011Table 42: Venezuelan Individual Others Category – Number of Active Policies (Thousand),2011–2016Table 43: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2007–2011
  • 7. Table 44: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2011–2016Table 45: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),2007–2011Table 46: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),2011–2016Table 47: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),2007–2011Table 48: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),2011–2016Table 49: Venezuelan Individual Single-Premium Products – Number of Active Policies(Thousand), 2007–2011Table 50: Venezuelan Individual Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Table 51: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),2007–2011Table 52: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),2011–2016Table 53: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies(Thousand), 2007–2011Table 54: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Table 55: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),2007–2011Table 56: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),2011–2016Table 57: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),2007–2011Table 58: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),2011–2016Table 59: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),2007–2011Table 60: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),2011–2016Table 61: Venezuelan Group Non-Single-Premium Products – Number of Active Policies(Thousand), 2007–2011Table 62: Venezuelan Group Non-Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Table 63: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),2007–2011Table 64: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),2011–2016Table 65: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),
  • 8. 2007–2011Table 66: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),2011–2016Table 67: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing(VEF Million), 2007–2011Table 68: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing(VEF Million), 2011–2016Table 69: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),2007–2011Table 70: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),2011–2016Table 71: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2007–2011Table 72: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2011–2016Table 73: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),2007–2011Table 74: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),2011–2016Table 75: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance(VEF Million), 2007–2011Table 76: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance(VEF Million), 2011–2016Table 77: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),2007–2011Table 78: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),2011–2016Table 79: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2007–2011Table 80: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2011–2016Table 81: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2007–2011Table 82: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2011–2016Table 83: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEFBillion), 2007–2011Table 84: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEFBillion), 2011–2016Table 85: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),2007–2011Table 86: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),2011–2016Table 87: Venezuelan Life Insurance – Number of Agencies, 2007–2011Table 88: Venezuelan Life Insurance – Number of Agencies, 2011–2016Table 89: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),2007–2011Table 90: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),
  • 9. 2011–2016Table 91: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce(VEF Thousand), 2007–2011Table 92: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce(VEF Thousand), 2011–2016Table 93: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),2007–2011Table 94: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),2011–2016Table 95: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2007–2011Table 96: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2011–2016Table 97: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2007–2011Table 98: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2011–2016Table 99: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEFBillion), 2007–2011Table 100: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEFBillion), 2011–2016Table 101: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),2007–2011Table 102: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),2011–2016Table 103: Venezuelan Life Insurance – Number of Brokers, 2007–2011Table 104: Venezuelan Life Insurance – Number of Brokers, 2011–2016Table 105: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),2007–2011Table 106: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),2011–2016Table 107: Venezuelan Life Insurance – New Business Written Premium Through Other Channels(VEF Million), 2007–2011Table 108: Venezuelan Life Insurance – New Business Written Premium Through Other Channels(VEF Million), 2011–2016Table 109: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),2007–2011Table 110: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),2011–2016Table 111: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2007–2011Table 112: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2011–2016Table 113: Reinsurance in Venezuela by Category (VEF Billion), 2007–2011Table 114: Reinsurance in Venezuela by Category (US$ Billion), 2007–2011Table 115: Reinsurance in Venezuela by Category (VEF Billion), 2011–2016Table 116: Reinsurance in Venezuela by Category (US$ Billion), 2011–2016Table 117: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),
  • 10. 2007–2011Table 118: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2007–2011Table 119: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),2011–2016Table 120: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2011–2016Table 121: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 122: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Table 123: Venezuelan Life Insurance – Market Shares (%), 2011Table 124: Seguros Horizonte CA, Key FactsTable 125: Zurich Seguros, SA, Key FactsTable 126: Seguros la Fe, CA, Key FactsTable 127: Banesco Seguros CA, Key FactsTable 128: Seguros Mercantil CA, Key FactsTable 129: Seguros La Occidental, Key FactsTable 130: Mapfre la Seguridad, CA, Key FactsList of FiguresFigure 1: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2007–2016Figure 2: Venezuelan Insurance – Dynamics by Segment, 2007–2016Figure 3: Venezuelan Life Insurance – Written Premium by Category (VEF Billion), 2007–2016Figure 4: Venezuelan Life Insurance – Written Premium by Category (% Share), 2011 and 2016Figure 5: Venezuelan Life Insurance – Dynamics by Category, 2007–2016Figure 6: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2007–2011Figure 7: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2011–2016Figure 8: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2007–2011Figure 9: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2011–2016Figure 10: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2007–2011Figure 11: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2011–2016Figure 12: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2007–2011Figure 13: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2011–2016Figure 14: Venezuelan Life Insurance – Loss Ratio (%), 2007–2011Figure 15: Venezuelan Life Insurance – Loss Ratio (%), 2011–2016Figure 16: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2007–2011Figure 17: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2011–2016Figure 18: Venezuelan Life Insurance – Combined Ratio (%), 2007–2011Figure 19: Venezuelan Life Insurance – Combined Ratio (%), 2011–2016Figure 20: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2007–2011Figure 21: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2011–2016Figure 22: Venezuelan Life Insurance – Total Assets (VEF Billion), 2007–2011Figure 23: Venezuelan Life Insurance – Total Assets (VEF Billion), 2011–2016
  • 11. Figure 24: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2007–2011Figure 25: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2011–2016Figure 26: Venezuelan Life Insurance – Retentions (VEF Billion), 2007–2011Figure 27: Venezuelan Life Insurance – Retentions (VEF Billion), 2011–2016Figure 28: Venezuelan Life Insurance – Investment Portfolio (VEF Billion), 2007–2011Figure 29: Venezuelan Life Insurance – Investment Portfolio, 2007 and 2011Figure 30: Venezuelan Life Insurance – Penetration (% of GDP), 2007–2011Figure 31: Venezuelan Life Insurance – Density (Number of Policies per Capita), 2007–2011Figure 32: Venezuelan Life Insurance – Number of Active Policies (Thousand), 2007–2011Figure 33: Venezuelan Life Insurance – Number of Active Policies (Thousand), 2011–2016Figure 34: Venezuelan Life Insurance – Premium Per Capita (VEF), 2007–2011Figure 35: Venezuelan Individual Life Insurance Category – Number of Active Policies(Thousand), 2007–2011Figure 36: Venezuelan Individual Life Insurance Category – Number of Active Policies(Thousand), 2011–2016Figure 37: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),2007–2011Figure 38: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),2011–2016Figure 39: Venezuelan Individual General Annuity Category – Number of Active Policies(Thousand), 2007–2011Figure 40: Venezuelan Individual General Annuity Category – Number of Active Policies(Thousand), 2011–2016Figure 41: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),2007–2011Figure 42: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),2011–2016Figure 43: Venezuelan Individual Others Category – Number of Active Policies (Thousand),2007–2011Figure 44: Venezuelan Individual Others Category – Number of Active Policies (Thousand),2011–2016Figure 45: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2007–2011Figure 46: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2011–2016Figure 47: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),2007–2011Figure 48: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),2011–2016Figure 49: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),2007–2011Figure 50: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),2011–2016Figure 51: Venezuelan Individual Single-Premium Products – Number of Active Policies
  • 12. (Thousand), 2007–2011Figure 52: Venezuelan Individual Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Figure 53: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),2007–2011Figure 54: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),2011–2016Figure 55: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies(Thousand), 2007–2011Figure 56: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Figure 57: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),2007–2011Figure 58: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),2011–2016Figure 59: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),2007–2011Figure 60: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),2011–2016Figure 61: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),2007–2011Figure 62: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),2011–2016Figure 63: Venezuelan Group Non-Single-Premium Products – Number of Active Policies(Thousand), 2007–2011Figure 64: Venezuelan Group Non-Single-Premium Products – Number of Active Policies(Thousand), 2011–2016Figure 65: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),2007–2011Figure 66: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),2011–2016Figure 67: Venezuelan Life Insurance – New Business Written Premium by Distribution Channel(% Share), 2011 and 2016Figure 68: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),2007–2011Figure 69: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),2011–2016Figure 70: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing(VEF Million), 2007–2011Figure 71: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing(VEF Million), 2011–2016Figure 72: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),
  • 13. 2007–2011Figure 73: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),2011–2016Figure 74: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2007–2011Figure 75: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2011–2016Figure 76: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),2007–2011Figure 77: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),2011–2016Figure 78: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance(VEF Million), 2007–2011Figure 79: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance(VEF Million), 2011–2016Figure 80: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),2007–2011Figure 81: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),2011–2016Figure 82: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2007–2011Figure 83: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2011–2016Figure 84: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2007–2011Figure 85: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2011–2016Figure 86: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEFBillion), 2007–2011Figure 87: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEFBillion), 2011–2016Figure 88: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),2007–2011Figure 89: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),2011–2016Figure 90: Venezuelan Life Insurance – Number of Agencies, 2007–2011Figure 91: Venezuelan Life Insurance – Number of Agencies, 2011–2016Figure 92: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),2007–2011Figure 93: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),2011–2016Figure 94: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce(VEF Thousand), 2007–2011Figure 95: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce(VEF Thousand), 2011–2016Figure 96: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),2007–2011Figure 97: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),
  • 14. 2011–2016Figure 98: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2007–2011Figure 99: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2011–2016Figure 100: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2007–2011Figure 101: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2011–2016Figure 102: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEFBillion), 2007–2011Figure 103: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEFBillion), 2011–2016Figure 104: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),2007–2011Figure 105: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),2011–2016Figure 106: Venezuelan Life Insurance – Number of Brokers, 2007–2011Figure 107: Venezuelan Life Insurance – Number of Brokers, 2011–2016Figure 108: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),2007–2011Figure 109: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),2011–2016Figure 110: Venezuelan Life Insurance – New Business Written Premium Through OtherChannels (VEF Million), 2007–2011Figure 111: Venezuelan Life Insurance – New Business Written Premium Through OtherChannels (VEF Million), 2011–2016Figure 112: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),2007–2011Figure 113: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),2011–2016Figure 114: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2007–2011Figure 115: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2011–2016Figure 116: Venezuelan Life Insurance – Porter’s Five Forces AnalysisFigure 117: Venezuelan Premium Ceded to Reinsurance by Category (VEF Billion), 2007–2016Figure 118: Venezuelan Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016Figure 119: Venezuelan Reinsurance Market Dynamics by Category, 2007–2016Figure 120: Venezuelan Premium Ceded to Reinsurance by Segment (VEF Billion), 2007–2016Figure 121: Venezuelan Reinsurance – Dynamics by Segment, 2007–2016Figure 122: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 123: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 124: Venezuelan Life Insurance – Market Shares (%), 2011Figure 125: Venezuela Stock Exchange Market Capitalization (US$ Billion), 2007–2011Figure 126: Venezuelan GDP at Constant Prices (US$ Billion), 2007–2011Figure 127: Venezuelan GDP Per Capita at Constant Prices (US$), 2007–2011Figure 128: Venezuelan GDP at Current Prices (US$ Billion), 2007–2011
  • 15. Figure 129: Venezuelan GDP Per Capita at Current Prices (US$), 2007–2011Figure 130: Venezuelan GDP by Key Segments (%) 2009 and 2011Figure 131: Venezuelan Manufacturing Net Output at Current Prices (VEF Billion), 2007–2011Figure 132: Venezuelan Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011Figure 133: Venezuelan Manufacturing Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 134: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (VEFBillion), 2007–2011Figure 135: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (US$Billion), 2007–2011Figure 136: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices as aPercentage of GDP (%), 2007–2011Figure 137: Venezuelan Construction Net Output at Current Prices (VEF Billion), 2007–2011Figure 138: Venezuelan Construction Net Output at Current Prices (US$ Billion), 2007– 2011Figure 139: Venezuelan Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 140: Venezuelan Inflation Rate (%), 2007–2011Figure 141: Venezuelan Current Account Balance as a Percentage of GDP (%), 2007–2011Figure 142: Venezuelan Exports as a Percentage of GDP (%), 2007–2011Figure 143: Venezuelan Imports as a Percentage of GDP (%), 2007–2011Figure 144: Venezuelan Exports Growth (%), 2007–2011Figure 145: Venezuelan Imports Growth (%), 2007–2011Figure 146: Venezuelan External Debt as a Percentage of GDP, 2007–2011Figure 147: Venezuelan Annual Average Exchange Rate US$–VEF, 2007–2011Figure 148: Venezuelan End-of-Period Exchange Rate US$–VEF, 2007–2011Figure 149: Total Number of Venezuelan Airports and Sea Ports, 2011Figure 150: Venezuelan Railways and Roadways (Kilometers), 2011Figure 151: Venezuelan Passenger Vehicle Production, 2007–2011Figure 152: Venezuelan Commercial Vehicle Production, 2007–2011Figure 153: Venezuelan Automotive Component Exports (US$ Billion), 2007–2011Figure 154: Venezuelan Automotive Component Imports (US$ Billion), 2007–2011Figure 155: Venezuelan Passenger Car Penetration (per Thousand People), 2007–2011Figure 156: Venezuelan Healthcare Expenditure (US$ Billion), 2007–2011Figure 157: Venezuelan Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 158: Venezuelan Per Capita Healthcare Expenditure (US$), 2007–2011Figure 159: Venezuelan Internet Subscriptions (Millions), 2007–2011Figure 160: Venezuelan Labor Force in the 15–59 Age Group (Million), 2007–2011Figure 161: Venezuelan Unemployment Rate (%), 2007–2011Figure 162: Venezuelan Annual Disposable Income (US$ Billion), 2007–2011Figure 163: Venezuelan Annual Per Capita Disposable Income (US$), 2007–2011Figure 164: Venezuelan Total Population (Million), 2007–2011Figure 165: Venezuelan Urban and Rural Population (%), 2007–2011
  • 16. Figure 166: Venezuelan Females as a Percentage of the Population (%), 2007–2011Figure 167: Venezuelan Males as a Percentage of the Population (%), 2007–2011Figure 168: Venezuelan Mean Age of the Population (Years), 2007–2011Figure 169: Venezuelan Median Age of the Population (Years), 2007–2011Figure 170: Venezuelan Population Density (per Square Kilometer), 2007–2011Figure 171: Venezuelan Population Distribution by Age (%), 2007–2011Figure 172: Venezuelan Male Population Distribution by Age (%), 2007–2011Figure 173: Venezuelan Female Population Distribution by Age (%), 2007–2011Figure 174: Venezuelan Number of Households, 2007–2011Figure 175: Global Terrorism Heat Map, 2011Figure 176: Venezuelan Transparency Index, 2007–2011Contact: sales@reportsandreports.com for more information.

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