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Reinsurance in Venezuela, Key Trends and Opportunities to 2016

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Reinsurance in Venezuela, Key Trends and Opportunities to 2016

  1. 1. Reinsurance in Venezuela, Key Trends and Opportunities to2016Report Details:Published:November 2012No. of Pages: 90Price: Single User License – US$1950•The report provides in depth market analysis, information and insights into the Venezuelan reinsurance market, including:•The Venezuelan reinsurance market’s growth prospects by reinsurance categories•The Venezuelan reinsurance market’s growth prospects by reinsurance ceded from direct insurance segments•The competitive landscape in the Venezuelan reinsurance marketExecutive summaryThe Venezuelan reinsurance segment registered a CAGR of 35.5% during the review period, withgrowth in all insurance segments and widespread flooding in 2010 increasing demand for non-lifeinsurance and reinsurance. Four specialized domestic reinsurance companies operate inVenezuela, all of which are owned by local business people. However, over the forecast period thenumber is expected to decrease to three as RIV is expected to cede its premium portfolio to ProRe, its parent company and Venezuela’s largest reinsurer. Foreign reinsurance companies alsooperate in the country through branches. As in any other insurance industry, the demand forreinsurance in Venezuela depends on the growth of the primary insurance market and the risk ofnatural disasters. The Venezuelan reinsurance segment is led by facultative reinsurance.Scope•This report provides a comprehensive analysis of the reinsurance market in Venezuela:•It provides historic values for Venezuela’s reinsurance 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 reinsurance market, along with market forecasts until 2016•It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in Venezuela and its growth prospects•It profiles the top reinsurance companies in VenezuelaKey highlights
  2. 2. •The Venezuelan reinsurance segment registered a CAGR of 35.5% during the review period, with growth in all insurance segments and widespread flooding in 2010 increasing demand for non-life insurance and reinsurance.•Four specialized domestic reinsurance companies operate in Venezuela, all of which are owned by local business people.•However, over the forecast period the number is expected to decrease to three as RIV is expected to cede its premium portfolio to Pro Re, its parent company and Venezuela’s largest reinsurer.•Foreign reinsurance companies also operate in the country through branches.•As in any other insurance industry, the demand for reinsurance in Venezuela depends on the growth of the primary insurance market and the risk of natural disasters.•The Venezuelan reinsurance segment is led by facultative reinsurance.Reasons to buy•Make strategic business decisions using in depth historic and forecast market data related to the Venezuelan reinsurance market and each sector within it•Understand the demand-side dynamics, key market trends and growth opportunities within the Venezuelan reinsurance market•Assess the competitive dynamics in the reinsurance market•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 markets futureGet your copy of this report @http://www.reportsnreports.com/reports/207058-reinsurance-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 Attractiveness3.1 Insurance Industry Market Size, 2007–20163.2 Reinsurance Growth Dynamics and Challenges3.2.1 Reinsurance segment size, 2007–20163.2.2 Reinsurance Segment Size by Insurance Segment, 2007–2016
  3. 3. 4 Key Industry Trends and Drivers4.1 Fundamental Business Drivers4.2 Life Insurance Segment Drivers4.3 Non-Life Insurance Segment Drivers4.4 Personal Accident and Health Insurance Segment Drivers5 Competitive Landscape and Strategic Insights5.1 Overview6 Business Environment and Country Risk6.1 Business Confidence6.1.1 Market capitalization trend – Venezuela Stock Market (IBVC)6.2 Economic Performance6.2.1 GDP at constant prices (US$)6.2.2 GDP per capita at constant prices (US$)6.2.3 GDP at current prices (US$)6.2.4 GDP per capita at current prices (US$)6.2.5 GDP by key segments6.2.6 Manufacturing net output at current prices (VEF)6.2.7 Manufacturing net output at current prices (US$)6.2.8 Manufacturing net output at current prices as a percentage of GDP6.2.9 Mining, manufacturing and utilities net output at current prices (VEF)6.2.10 Mining, manufacturing and utilities at current prices (US$)6.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP6.2.12 Construction net output at current prices (VEF)6.2.13 Construction net output at current prices, (US$)6.2.14 Construction net output at current prices as a percentage of GDP6.2.15 Inflation rate6.2.16 Current account balance as a percentage of GDP6.2.17 Exports as a percentage of GDP6.2.18 Imports as a percentage of GDP6.2.19 Exports growth6.2.20 Imports growth6.2.21 External debt6.2.22 Annual average exchange rate US$–VEF6.2.23 End-of-period exchange rate US$–VEF6.3 Infrastructure Quality and Availability6.3.1 Total airports and sea ports6.3.2 Railways and roadways6.3.3 Passenger vehicle production volume6.3.4 Commercial vehicle production volume6.3.5 Automotive component exports trend
  4. 4. 6.3.6 Automotive component imports trend6.3.7 Passenger car penetration6.3.8 Healthcare expenditure6.3.9 Healthcare expenditure as a percentage of GDP6.3.10 Healthcare expenditure per capita6.3.11 Total internet subscribers6.4 Labor Force6.4.1 Labor force6.4.2 Unemployment rate6.5 Demographics6.5.1 Annual disposable income6.5.2 Annual per capita disposable income6.5.3 Total population6.5.4 Urban and rural population6.5.5 Female percentage of the population6.5.6 Male percentage of the population6.5.7 Mean age of the population6.5.8 Median age of the population6.5.9 Population density6.5.10 Age distribution of the total population6.5.11 Age distribution of the male population6.5.12 Age distribution of the female population6.5.13 Number of households6.6 Political and Social Risk6.6.1 Political stability6.6.2 Terrorism index6.6.3 Transparency index7 Appendix7.1 Methodology7.2 Contact Us7.3 About Timetric7.4 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), 2007–2016
  5. 5. Table 7: Reinsurance in Venezuela by Category (VEF Billion), 2007–2011Table 8: Reinsurance in Venezuela by Category (US$ Billion), 2007–2011Table 9: Reinsurance in Venezuela by Category (VEF Billion), 2011–2016Table 10: Reinsurance in Venezuela by Category (US$ Billion), 2011–2016Table 11: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),2007–2011Table 12: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2007–2011Table 13: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),2011–2016Table 14: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),2011–2016Table 15: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Table 16: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Table 17: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Table 18: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Table 19: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),2007–2011Table 20: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),2011–2016Table 21: Venezuelan Reinsurance CompaniesList Of FiguresFigure 1: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2007–2016Figure 2: Venezuelan Insurance – Dynamics by Segment, 2007–2016Figure 3: Venezuelan Premium Ceded to Reinsurance by Category (VEF Billion), 2007–2016Figure 4: Venezuelan Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016Figure 5: Venezuelan Reinsurance Market Dynamics by Category, 2007–2016Figure 6: Venezuelan Premium Ceded to Reinsurance by Segment (VEF Billion), 2007–2016Figure 7: Venezuelan Reinsurance – Dynamics by Segment, 2007–2016Figure 8: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011Figure 9: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016Figure 10: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011Figure 11: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016Figure 12: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),2007–2011Figure 13: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),2011–2016Figure 14: Venezuela Stock Exchange Market Capitalization (US$ Billion), 2007–2011Figure 15: Venezuelan GDP at Constant Prices (US$ Billion), 2007–2011Figure 16: Venezuelan GDP Per Capita at Constant Prices (US$), 2007–2011
  6. 6. Figure 17: Venezuelan GDP at Current Prices (US$ Billion), 2007–2011Figure 18: Venezuelan GDP Per Capita at Current Prices (US$), 2007–2011Figure 19: Venezuelan GDP by Key Segments (%) 2009 and 2011Figure 20: Venezuelan Manufacturing Net Output at Current Prices (VEF Billion), 2007–2011Figure 21: Venezuelan Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011Figure 22: Venezuelan Manufacturing Net Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 23: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (VEFBillion), 2007–2011Figure 24: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (US$Billion), 2007–2011Figure 25: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices as aPercentage of GDP (%), 2007–2011Figure 26: Venezuelan Construction Net Output at Current Prices (VEF Billion), 2007–2011Figure 27: Venezuelan Construction Net Output at Current Prices (US$ Billion), 2007– 2011Figure 28: Venezuelan Construction Output at Current Prices as a Percentage of GDP (%),2007–2011Figure 29: Venezuelan Inflation Rate (%), 2007–2011Figure 30: Venezuelan Current Account Balance as a Percentage of GDP (%), 2007–2011Figure 31: Venezuelan Exports as a Percentage of GDP (%), 2007–2011Figure 32: Venezuelan Imports as a Percentage of GDP (%), 2007–2011Figure 33: Venezuelan Exports Growth (%), 2007–2011Figure 34: Venezuelan Imports Growth (%), 2007–2011Figure 35: Venezuelan External Debt as a Percentage of GDP, 2007–2011Figure 36: Venezuelan Annual Average Exchange Rate US$–VEF, 2007–2011Figure 37: Venezuelan End-of-Period Exchange Rate US$–VEF, 2007–2011Figure 38: Total Number of Venezuelan Airports and Sea Ports, 2011Figure 39: Venezuelan Railways and Roadways (Kilometers), 2011Figure 40: Venezuelan Passenger Vehicle Production, 2007–2011Figure 41: Venezuelan Commercial Vehicle Production, 2007–2011Figure 42: Venezuelan Automotive Component Exports (US$ Billion), 2007–2011Figure 43: Venezuelan Automotive Component Imports (US$ Billion), 2007–2011Figure 44: Venezuelan Passenger Car Penetration (per Thousand People), 2007–2011Figure 45: Venezuelan Healthcare Expenditure (US$ Billion), 2007–2011Figure 46: Venezuelan Healthcare Expenditure as a Percentage of GDP (%), 2007–2011Figure 47: Venezuelan Per Capita Healthcare Expenditure (US$), 2007–2011Figure 48: Venezuelan Internet Subscriptions (Millions), 2007–2011Figure 49: Venezuelan Labor Force in the 15–59 Age Group (Million), 2007–2011Figure 50: Venezuelan Unemployment Rate (%), 2007–2011Figure 51: Venezuelan Annual Disposable Income (US$ Billion), 2007–2011Figure 52: Venezuelan Annual Per Capita Disposable Income (US$), 2007–2011Figure 53: Venezuelan Total Population (Million), 2007–2011
  7. 7. Figure 54: Venezuelan Urban and Rural Population (%), 2007–2011Figure 55: Venezuelan Females as a Percentage of the Population (%), 2007–2011Figure 56: Venezuelan Males as a Percentage of the Population (%), 2007–2011Figure 57: Venezuelan Mean Age of the Population (Years), 2007–2011Figure 58: Venezuelan Median Age of the Population (Years), 2007–2011Figure 59: Venezuelan Population Density (per Square Kilometer), 2007–2011Figure 60: Venezuelan Population Distribution by Age (%), 2007–2011Figure 61: Venezuelan Male Population Distribution by Age (%), 2007–2011Figure 62: Venezuelan Female Population Distribution by Age (%), 2007–2011Figure 63: Venezuelan Number of Households, 2007–2011Figure 64: Global Terrorism Heat Map, 2011Figure 65: Venezuelan Transparency Index, 2007–2011Contact: sales@reportsandreports.com for more information.

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