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Life Insurance in Venezuela, Key Trends and Opportunities to 2017 - Product Image

Life Insurance in Venezuela, Key Trends and Opportunities to 2017

  • Published: December 2013
  • Region: Venezuela
  • 219 Pages
  • Timetric

FEATURED COMPANIES

  • Banesco Seguros CA
  • Seguros Horizonte CA
  • Seguros la Fe CA
  • Seguros Mercantil CA
  • Seguros Provincial CA
  • Zurich Seguros SA
  • MORE

The report provides in-depth market analysis, information and insights into the Venezuelan life insurance segment, including:
- The Venezuelan life insurance segment's growth prospects by life insurance categories
- Key trends and drivers for the life insurance segment
- The various distribution channels in the Venezuelan life insurance segment
- Detailed competitive landscape in the life insurance segment in Venezuela
- Regulatory policies of the Venezuelan insurance industry
- A description of the life reinsurance segment in Venezuela
- Porter's Five Forces Analysis of the life insurance segment
- Benchmarking section on the Venezuelan life insurance segment in comparison to other countries in the Latin American region

Summary
The life segment accounted for the lowest share of the Venezuelan insurance industry during the review period (2008-2012). It did, however, register significant growth, which indicates an increase in public awareness of the benefits of life insurance. Funeral insurance, which was made compulsory for retirees, pensioners, the disabled and low-income families, also contributed to the growth. The life segment posted a review-period READ MORE >

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies

5 Venezuelan Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008- 2017
5.2 Key Industry Trends and Drivers

6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual general annuity insurance
6.1.3 Other individual life insurance
6.1.4 Group life insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies

7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels

8 Porter's Five Forces Analysis - Venezuelan Life Insurance
8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008- 2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008- 2017

10 Regulatory Policies

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Venezuelan Life Insurance Segment
11.3 Comparison of Top Five Insurers
11.3.1 Gross written premium
11.3.2 Paid claims
11.3.3 Incurred Loss
11.4 Seguros Horizonte CA - Company Overview
11.4.1 Seguros Horizonte CA - key facts
11.4.2 Seguros Horizonte CA - key financials
11.5 Seguros la Fe CA - Company Overview
11.5.1 Seguros la Fe CA - Key Facts
11.5.2 Seguros la Fe CA - key financials
11.6 Zurich Seguros SA - Company Overview
11.6.1 Zurich Seguros, SA - key facts
11.6.2 Zurich Seguros, SA - key financials
11.7 Banesco Seguros CA - Company Overview
11.7.1 Banesco Seguros CA - key facts
11.7.2 Banesco Seguros CA - key financials
11.8 Seguros Mercantil CA - Company Overview
11.8.1 Seguros Mercantil CA - key facts
11.8.2 Seguros Mercantil CA - key financials
11.9 Seguros Provincial CA - Company Overview
11.9.1 Seguros Provincial CA - key facts
11.9.2 Seguros Provincial CA - key financials
11.1 CNA de Seguros La Previsora - Company Overview
11.10.1 CNA de Seguros La Previsora - key facts
11.10.2 CNA de Seguros La Previsora - key financials
11.11 CA de Seguros La Occidental - Company Overview
11.11.1 CA de Seguros La Occidental - key facts
11.11.2 CA de Seguros La Occidental - key financials
11.12 Mapfre La Seguridad CA de Seguros - Company Overview
11.12.1 Mapfre La Seguridad CA de Seguros key facts
11.12.2 Mapfre La Seguridad CA de Seguros - key financials
11.13 Seguros Caracas de Liberty Mutual, CA - Company Overview
11.13.1 Seguros Caracas de Liberty Mutual, CA - key facts
11.13.2 Seguros Caracas de Liberty Mutual, CA - key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Bolsa de Valores de Caracas, Venezuela
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture net output at current prices (US$)
12.2.7 Agricultural net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Exports growth
12.2.18 Imports growth
12.2.19 Annual average exchange rate VEF- US$
12.3 Infrastructure Quality and Availability
12.3.1 Commercial vehicles exports- total value
12.3.2 Commercial vehicles imports - total value
12.3.3 Automotive exports - total value
12.3.4 Automotive imports - total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural populations
12.5.5 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact
13.3 About
13.4 Services
13.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Central and Latin America - Insurance Penetration as a Percentage of GDP (%), 2011
Table 3: Central and Latin America - Life Expectancy (Years), 2007, 2011 and 2016
Table 4: Venezuelan Insurance - Overall Written Premium by Segment (VEF Billion), 2008- 2012
Table 5: Venezuelan Insurance - Overall Written Premium by Segment (US$ Billion), 2008- 2012
Table 6: Venezuelan Insurance - Overall Written Premium by Segment (VEF Billion), 2012- 2017
Table 7: Venezuelan Insurance - Overall Written Premium by Segment (US$ Billion), 2012- 2017
Table 8: Venezuelan Insurance - Segmentation (Percentage Share), 2008- 2017
Table 9: Venezuelan Life Insurance - Written Premium by Category (VEF Million), 2008- 2012
Table 10: Venezuelan Life Insurance - Written Premium by Category (US$ Million), 2008- 2012
Table 11: Venezuelan Life Insurance - Written Premium by Category (VEF Million), 2012- 2017
Table 12: Venezuelan Life Insurance - Written Premium by Category (US$ Million), 2012- 2017
Table 13: Venezuelan Life Insurance - Earned Premium (VEF Million), 2008- 2012
Table 14: Venezuelan Life Insurance - Earned Premium (VEF Million), 2012- 2017
Table 15: Venezuelan Life Insurance - Sum Assured (VEF Billion), 2008- 2012
Table 16: Venezuelan Life Insurance - Sum Assured (VEF Trillion), 2012- 2017
Table 17: Venezuelan Life Insurance - Paid Claims (VEF Million), 2008- 2012
Table 18: Venezuelan Life Insurance - Paid Claims (VEF Million), 2012- 2017
Table 19: Venezuelan Life Insurance - Incurred Loss (VEF Million), 2008- 2012
Table 20: Venezuelan Life Insurance - Incurred Loss (VEF Million), 2012- 2017
Table 21: Venezuelan Life Insurance - Loss Ratio (%), 2008- 2012
Table 22: Venezuelan Life Insurance - Loss Ratio (%), 2012- 2017
Table 23: Venezuelan Life Insurance - Commissions and Expenses (VEF Million), 2008- 2012
Table 24: Venezuelan Life Insurance - Commissions and Expenses (VEF Million), 2012- 2017
Table 25: Venezuelan Life Insurance - Combined Ratio (%), 2008- 2012
Table 26: Venezuelan Life Insurance - Combined Ratio (%), 2012- 2017
Table 27: Venezuelan Life Insurance - Frauds and Crimes (VEF Million), 2008- 2012
Table 28: Venezuelan Life Insurance - Frauds and Crimes (VEF Million), 2012- 2017
Table 29: Venezuelan Life Insurance - Total Assets (VEF Million), 2008- 2012
Table 30: Venezuelan Life Insurance - Total Assets (VEF Million), 2012- 2017
Table 31: Venezuelan Life Insurance - Total Investment Income (VEF Million), 2008- 2012
Table 32: Venezuelan Life Insurance - Total Investment Income (VEF Million), 2012- 2017
Table 33: Venezuelan Life Insurance - Retentions (VEF Million), 2008- 2012
Table 34: Venezuelan Life Insurance - Retentions (VEF Million), 2012- 2017
Table 35: Venezuelan Individual Life Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 36: Venezuelan Individual Life Insurance - Number of Active Policies, 2012- 2017
Table 37: Venezuelan Individual Life Insurance - Written Premium (VEF Million), 2008- 2012
Table 38: Venezuelan Individual Life Insurance - Written Premium (VEF Million), 2012- 2017
Table 39: Venezuelan Individual General Annuity Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 40: Venezuelan Individual General Annuity Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 41: Venezuelan Individual General Annuity Insurance - Written Premium (VEF Million), 2008- 2012
Table 42: Venezuelan Individual General Annuity Insurance - Written Premium (VEF Million), 2012- 2017
Table 43: Venezuelan Other Individual Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 44: Venezuelan Other Individual Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 45: Venezuelan Other Individual Insurance - Written Premium (VEF Million), 2008- 2012
Table 46: Venezuelan Other Individual Insurance - Written Premium (VEF Million), 2012- 2017
Table 47: Venezuelan Group Life Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 48: Venezuelan Group Life Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 49: Venezuelan Group Life Insurance - Written Premium (VEF Million), 2008- 2012
Table 50: Venezuelan Group Life Insurance - Written Premium (VEF Million), 2012- 2017
Table 51: Venezuelan Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 52: Venezuelan Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 53: Venezuelan Individual Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Table 54: Venezuelan Individual Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Table 55: Venezuelan Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 56: Venezuelan Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 57: Venezuelan Individual Non-Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Table 58: Venezuelan Individual Non-Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Table 59: Venezuelan Group Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 60: Venezuelan Group Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 61: Venezuelan Group Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Table 62: Venezuelan Group Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Table 63: Venezuelan Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Table 64: Venezuelan Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Table 65: Venezuelan Group Non-Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Table 66: Venezuelan Group Non-Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Table 67: Venezuelan Life Insurance - Direct Marketing Commission Paid (VEF Million), 2008- 2012
Table 68: Venezuelan Life Insurance - Direct Marketing Commission Paid (VEF Million), 2012- 2017
Table 69: Venezuelan Life Insurance - New Business Written Premium Through Direct Marketing (VEF Million), 2008- 2012
Table 70: Venezuelan Life Insurance - New Business Written Premium Through Direct Marketing (VEF Million), 2012- 2017
Table 71: Venezuelan Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008- 2012
Table 72: Venezuelan Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012- 2017
Table 73: Venezuelan Life Insurance - Number of Direct Marketing Distributors, 2008- 2012
Table 74: Venezuelan Life Insurance - Number of Direct Marketing Distributors, 2012- 2017
Table 75: Venezuelan Life Insurance - Bancassurance Commission Paid (VEF Million), 2008- 2012
Table 76: Venezuelan Life Insurance - Bancassurance Commission Paid (VEF Million), 2012- 2017
Table 77: Venezuelan Life Insurance - New Business Written Premium Through Bancassurance (VEF Million), 2008- 2012
Table 78: Venezuelan Life Insurance - New Business Written Premium Through Bancassurance (VEF Million), 2012- 2017
Table 79: Venezuelan Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008- 2012
Table 80: Venezuelan Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012- 2017
Table 81: Venezuelan Life Insurance - Number of Bancassurance Distributors, 2008- 2012
Table 82: Venezuelan Life Insurance - Number of Bancassurance Distributors, 2012- 2017
Table 83: Venezuelan Life Insurance - Commission Paid to Agencies (VEF Million), 2008- 2012
Table 84: Venezuelan Life Insurance - Commission Paid to Agencies (VEF Million), 2012- 2017
Table 85: Venezuelan Life Insurance - New Business Written Premium Through Agencies (VEF Million), 2008- 2012
Table 86: Venezuelan Life Insurance - New Business Written Premium Through Agencies (VEF Million), 2012- 2017
Table 87: Venezuelan Life Insurance - New Policies Sold Through Agencies (Thousand), 2008- 2012
Table 88: Venezuelan Life Insurance - New Policies Sold Through Agencies (Thousand), 2012- 2017
Table 89: Venezuelan Life Insurance - Number of Agencies, 2008- 2012
Table 90: Venezuelan Life Insurance - Number of Agencies, 2012- 2017
Table 91: Venezuelan Life Insurance - E-Commerce Commission Paid (VEF Million), 2008- 2012
Table 92: Venezuelan Life Insurance - E-Commerce Commission Paid (VEF Million), 2012- 2017
Table 93: Venezuelan Life Insurance - New Business Written Premium Through E-Commerce (VEF Million), 2008- 2012
Table 94: Venezuelan Life Insurance - New Business Written Premium Through E-Commerce (VEF Million), 2012- 2017
Table 95: Venezuelan Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008- 2012
Table 96: Venezuelan Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012- 2017
Table 97: Venezuelan Life Insurance - Number of E-Commerce Distributors, 2008- 2012
Table 98: Venezuelan Life Insurance - Number of E-Commerce Distributors, 2012- 2017
Table 99: Venezuelan Life Insurance - Commission Paid to Brokers (VEF Million), 2008- 2012
Table 100: Venezuelan Life Insurance - Commission Paid to Brokers (VEF Million), 2012- 2017
Table 101: Venezuelan Life Insurance - New Business Written Premium Through Brokers (VEF Million), 2008- 2012
Table 102: Venezuelan Life Insurance - New Business Written Premium Through Brokers (VEF Million), 2012- 2017
Table 103: Venezuelan Life Insurance - New Policies Sold Through Brokers (Thousand), 2008- 2012
Table 104: Venezuelan Life Insurance - New Policies Sold Through Brokers (Thousand), 2012- 2017
Table 105: Venezuelan Life Insurance - Number of Brokers, 2008- 2012
Table 106: Venezuelan Life Insurance - Number of Brokers, 2012- 2017
Table 107: Venezuelan Life Insurance - Commission Paid to Other Channels (VEF Million), 2008- 2012
Table 108: Venezuelan Life Insurance - Commission Paid to Other Channels (VEF Million), 2012- 2017
Table 109: Venezuelan Life Insurance - New Business Written Premium Through Other Channels (VEF Million), 2008- 2012
Table 110: Venezuelan Life Insurance - New Business Written Premium Through Other Channels (VEF Million), 2012- 2017
Table 111: Venezuelan Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008- 2012
Table 112: Venezuelan Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012- 2017
Table 113: Venezuelan Life Insurance - Number of Distributors in Other Channels, 2008- 2012
Table 114: Venezuelan Life Insurance - Number of Distributors in Other Channels, 2012- 2017
Table 115: Venezuelan Reinsurance by Category (VEF Billion), 2008- 2012
Table 116: Venezuelan Reinsurance by Category (US$ Billion), 2008- 2012
Table 117: Venezuelan Reinsurance by Category (VEF Billion), 2012- 2017
Table 118: Venezuelan Reinsurance by Category (US$ Billion), 2012- 2017
Table 119: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion), 2008- 2012
Table 120: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008- 2012
Table 121: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion), 2012- 2017
Table 122: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012- 2017
Table 123: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2008- 2012
Table 124: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2012- 2017
Table 125: Shares of Key Insurers in the Venezuelan Life Insurance Segment (%), 2012
Table 126: Seguros Horizonte CA, Key Facts
Table 127: Seguros Horizonte CA, Key Financials (VEF Million), 2007- 2012
Table 128: Seguros la Fe CA, Key Facts
Table 129: Seguros la Fe CA, Key Financials (VEF Million), 2007- 2012
Table 130: Zurich Seguros SA, Key Facts
Table 131: Zurich Seguros SA, Key Financials (VEF Million), 2007- 2012
Table 132: Banesco Seguros CA, Key Facts
Table 133: Banesco Seguros CA, Key Financials (VEF Million), 2007- 2012
Table 134: Seguros Mercantil CA, Key Facts
Table 135: Seguros Mercantil CA, Key Financials (VEF Million), 2007- 2012
Table 136: Seguros Provincial CA, Key Facts
Table 137: Seguros Provincial CA, Key Financials (VEF Million), 2007- 2012
Table 138: CNA de Seguros La Previsora, Key Facts
Table 139: CNA de Seguros La Previsora, Key Financials (VEF Million), 2007- 2012
Table 140: CA de Seguros La Occidental, Key Facts
Table 141: CA de Seguros La Occidental, Key Financials (VEF Million), 2007- 2012
Table 142: Mapfre La Seguridad CA de Seguros, Key Facts
Table 143: Mapfre La Seguridad CA de Seguros, Key Financials (VEF Million), 2007- 2012
Table 144: Seguros Caracas de Liberty Mutual, CA, Key Facts
Table 145: Seguros Caracas de Liberty Mutual, CA, Key Financials (VEF Million), 2007- 2012

List of Figures
Figure 1: Central and Latin America - A Snapshot of the Economies and Populations, 2011
Figure 2: Central and Latin America - Growth Trends in the Insurance Industry
Figure 3: Central and Latin America - Total Industry Values by Segment (US$ Billion), 2011
Figure 4: Central and Latin American Life Insurance - Gross Written Premiums (US$ Billion), 2011
Figure 5: Central and Latin American Life Insurance - Premium Per Capita (US$), 2011
Figure 6: Central and Latin American Life Insurance - Penetration as a Percentage of GDP (%), 2011 and 2016
Figure 7: Central and Latin American Life Insurance - Gross Written Premium Growth (%), 2007- 2016
Figure 8: Central and Latin American Life Insurance - Gross Written Premium Per Capita Growth (%), 2007- 2016
Figure 9: Central and Latin American Life Insurance - Loss Ratios (%), 2011 and 2016
Figure 10: Central and Latin American Life Insurance - Combined Ratios (%), 2011 and 2016
Figure 11: Central and Latin American Life Insurance - Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Central and Latin American Life Insurance - Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Central and Latin American Direct Marketing - Share of Life Insurance New Business Gross Written Premium (%), 2007- 2016
Figure 14: Central and Latin American Bancassurance - Share of Life Insurance New Business Gross Written Premium (%), 2007- 2016
Figure 15: Central and Latin American Agencies - Share of Life Insurance New Business Gross Written Premium (%), 2007- 2016
Figure 16: Venezuelan Insurance - Overall Written Premium by Segment (VEF Billion), 2008- 2017
Figure 17: Venezuelan Insurance - Dynamics by Segment (%), 2008- 2017
Figure 18: Venezuelan Life Insurance - Written Premium by Category (VEF Million), 2008- 2017
Figure 19: Venezuelan Life Insurance - Written Premium by Category (Percentage Share), 2012 and 2017
Figure 20: Venezuelan Life Insurance - Dynamics by Category, 2008- 2017
Figure 21: Venezuelan Life Insurance - Earned Premium (VEF Million), 2008- 2012
Figure 22: Venezuelan Life Insurance - Earned Premium (VEF Million), 2012- 2017
Figure 23: Venezuelan Life Insurance - Sum Assured (VEF Billion), 2008- 2012
Figure 24: Venezuelan Life Insurance - Sum Assured (VEF Trillion), 2012- 2017
Figure 25: Venezuelan Life Insurance - Paid Claims (VEF Million), 2008- 2012
Figure 26: Venezuelan Life Insurance - Paid Claims (VEF Million), 2012- 2017
Figure 27: Venezuelan Life Insurance - Incurred Loss (VEF Million), 2008- 2012
Figure 28: Venezuelan Life Insurance - Incurred Loss (VEF Million), 2012- 2017
Figure 29: Venezuelan Life Insurance - Loss Ratio (%), 2008- 2012
Figure 30: Venezuelan Life Insurance - Loss Ratio (%), 2012- 2017
Figure 31: Venezuelan Life Insurance - Commissions and Expenses (VEF Million), 2008- 2012
Figure 32: Venezuelan Life Insurance - Commissions and Expenses (VEF Million), 2012- 2017
Figure 33: Venezuelan Life Insurance - Combined Ratio (%), 2008- 2012
Figure 34: Venezuelan Life Insurance - Combined Ratio (%), 2012- 2017
Figure 35: Venezuelan Life Insurance - Frauds and Crimes (VEF Million), 2008- 2012
Figure 36: Venezuelan Life Insurance - Frauds and Crimes (VEF Million), 2012- 2017
Figure 37: Venezuelan Life Insurance - Total Assets (VEF Million), 2008- 2012
Figure 38: Venezuelan Life Insurance - Total Assets (VEF Million), 2012- 2017
Figure 39: Venezuelan Life Insurance - Total Investment Income (VEF Million), 2008- 2012
Figure 40: Venezuelan Life Insurance - Total Investment Income (VEF Million), 2012- 2017
Figure 41: Venezuelan Life Insurance - Retentions (VEF Million), 2008- 2012
Figure 42: Venezuelan Life Insurance - Retentions (VEF Million), 2012- 2017
Figure 43: Venezuelan Life Insurance - Investment Portfolio (VEF Million), 2008- 2012
Figure 44: Venezuelan Life Insurance - Investment Portfolio, 2008 and 2012
Figure 45: Venezuelan Life Insurance - Penetration (%), 2008- 2012
Figure 46: Venezuelan Life Insurance - Density (Number of Policies per Capita), 2008- 2012
Figure 47: Venezuelan Life Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 48: Venezuelan Life Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 49: Venezuelan Life Insurance - Premium Per Capita (VEF), 2008- 2012
Figure 50: Venezuelan Individual Life Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 51: Venezuelan Individual Life Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 52: Venezuelan Individual Life Insurance - Written Premium (VEF Million), 2008- 2012
Figure 53: Venezuelan Individual Life Insurance - Written Premium (VEF Million), 2012- 2017
Figure 54: Venezuelan Individual General Annuity Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 55: Venezuelan Individual General Annuity Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 56: Venezuelan Individual General Annuity Insurance - Written Premium (VEF Million), 2008- 2012
Figure 57: Venezuelan Individual General Annuity Insurance - Written Premium (VEF Million), 2012- 2017
Figure 58: Venezuelan Other Individual Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 59: Venezuelan Other Individual Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 60: Venezuelan Other Individual Insurance - Written Premium (VEF Million), 2008- 2012
Figure 61: Venezuelan Other Individual Insurance - Written Premium (VEF Million), 2012- 2017
Figure 62: Venezuelan Group Life Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 63: Venezuelan Group Life Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 64: Venezuelan Group Life Insurance - Written Premium (VEF Million), 2008- 2012
Figure 65: Venezuelan Group Life Insurance - Written Premium (VEF Million), 2012- 2017
Figure 66: Venezuelan Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 67: Venezuelan Individual Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 68: Venezuelan Individual Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Figure 69: Venezuelan Individual Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Figure 70: Venezuelan Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 71: Venezuelan Individual Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 72: Venezuelan Individual Non-Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Figure 73: Venezuelan Individual Non-Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Figure 74: Venezuelan Group Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 75: Venezuelan Group Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 76: Venezuelan Group Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Figure 77: Venezuelan Group Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Figure 78: Venezuelan Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2008- 2012
Figure 79: Venezuelan Group Non-Single-Premium Insurance - Number of Active Policies (Thousand), 2012- 2017
Figure 80: Venezuelan Group Non-Single-Premium Insurance - Written Premium (VEF Million), 2008- 2012
Figure 81: Venezuelan Group Non-Single-Premium Insurance - Written Premium (VEF Million), 2012- 2017
Figure 82: Venezuelan Life Insurance - New Business Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 83: Venezuelan Life Insurance - Direct Marketing Commission Paid (VEF Million), 2008- 2012
Figure 84: Venezuelan Life Insurance - Direct Marketing Commission Paid (VEF Million), 2012- 2017
Figure 85: Venezuelan Life Insurance - New Business Written Premium Through Direct Marketing (VEF Million), 2008- 2012
Figure 86: Venezuelan Life Insurance - New Business Written Premium Through Direct Marketing (VEF Million), 2012- 2017
Figure 87: Venezuelan Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2008- 2012
Figure 88: Venezuelan Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2012- 2017
Figure 89: Venezuelan Life Insurance - Number of Direct Marketing Distributors, 2008- 2012
Figure 90: Venezuelan Life Insurance - Number of Direct Marketing Distributors, 2012- 2017
Figure 91: Venezuelan Life Insurance - Bancassurance Commission Paid (VEF Million), 2008- 2012
Figure 92: Venezuelan Life Insurance - Bancassurance Commission Paid (VEF Million), 2012- 2017
Figure 93: Venezuelan Life Insurance - New Business Written Premium Through Bancassurance (VEF Million), 2008- 2012
Figure 94: Venezuelan Life Insurance - New Business Written Premium Through Bancassurance (VEF Million), 2012- 2017
Figure 95: Venezuelan Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2008- 2012
Figure 96: Venezuelan Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2012- 2017
Figure 97: Venezuelan Life Insurance - Number of Bancassurance Distributors, 2008- 2012
Figure 98: Venezuelan Life Insurance - Number of Bancassurance Distributors, 2012- 2017
Figure 99: Venezuelan Life Insurance - Commission Paid to Agencies (VEF Million), 2008- 2012
Figure 100: Venezuelan Life Insurance - Commission Paid to Agencies (VEF Million), 2012- 2017
Figure 101: Venezuelan Life Insurance - New Business Written Premium Through Agencies (VEF Million), 2008- 2012
Figure 102: Venezuelan Life Insurance - New Business Written Premium Through Agencies (VEF Million), 2012- 2017
Figure 103: Venezuelan Life Insurance - New Policies Sold Through Agencies (Thousand), 2008- 2012
Figure 104: Venezuelan Life Insurance - New Policies Sold Through Agencies (Thousand), 2012- 2017
Figure 105: Venezuelan Life Insurance - Number of Agencies, 2008- 2012
Figure 106: Venezuelan Life Insurance - Number of Agencies, 2012- 2017
Figure 107: Venezuelan Life Insurance - E-Commerce Commission Paid (VEF Million), 2008- 2012
Figure 108: Venezuelan Life Insurance - E-Commerce Commission Paid (VEF Million), 2012- 2017
Figure 109: Venezuelan Life Insurance - New Business Written Premium Through E-Commerce (VEF Million), 2008- 2012
Figure 110: Venezuelan Life Insurance - New Business Written Premium Through E-Commerce (VEF Million), 2012- 2017
Figure 111: Venezuelan Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2008- 2012
Figure 112: Venezuelan Life Insurance - New Policies Sold Through E-Commerce (Thousand), 2012- 2017
Figure 113: Venezuelan Life Insurance - Number of E-Commerce Distributors, 2008- 2012
Figure 114: Venezuelan Life Insurance - Number of E-Commerce Distributors, 2012- 2017
Figure 115: Venezuelan Life Insurance - Commission Paid to Brokers (VEF Million), 2008- 2012
Figure 116: Venezuelan Life Insurance - Commission Paid to Brokers (VEF Million), 2012- 2017
Figure 117: Venezuelan Life Insurance - New Business Written Premium Through Brokers (VEF Million), 2008- 2012
Figure 118: Venezuelan Life Insurance - New Business Written Premium Through Brokers (VEF Million), 2012- 2017
Figure 119: Venezuelan Life Insurance - New Policies Sold Through Brokers (Thousand), 2008- 2012
Figure 120: Venezuelan Life Insurance - New Policies Sold Through Brokers (Thousand), 2012- 2017
Figure 121: Venezuelan Life Insurance - Number of Brokers, 2008- 2012
Figure 122: Venezuelan Life Insurance - Number of Brokers, 2012- 2017
Figure 123: Venezuelan Life Insurance - Commission Paid to Other Channels (VEF Million), 2008- 2012
Figure 124: Venezuelan Life Insurance - Commission Paid to Other Channels (VEF Million), 2012- 2017
Figure 125: Venezuelan Life Insurance - New Business Written Premium Through Other Channels (VEF Million), 2008- 2012
Figure 126: Venezuelan Life Insurance - New Business Written Premium Through Other Channels (VEF Million), 2012- 2017
Figure 127: Venezuelan Life Insurance - New Policies Sold Through Other Channels (Thousand), 2008- 2012
Figure 128: Venezuelan Life Insurance - New Policies Sold Through Other Channels (Thousand), 2012- 2017
Figure 129: Venezuelan Life Insurance - Number of Distributors in Other Channels, 2008- 2012
Figure 130: Venezuelan Life Insurance - Number of Distributors in Other Channels, 2012- 2017
Figure 131: Venezuelan Life Insurance - Porter's Five Forces Analysis
Figure 132: Venezuelan Premium Ceded to Reinsurance by Category (VEF Billion), 2008- 2017
Figure 133: Venezuelan Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 134: Venezuelan Reinsurance - Dynamics by Category (%), 2008- 2017
Figure 135: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion), 2008- 2017
Figure 136: Venezuelan Reinsurance - Dynamics by Type of Insurance (%), 2008- 2017
Figure 137: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2008- 2012
Figure 138: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2012- 2017
Figure 139: Shares of Key Insurers in the Venezuelan Life Insurance Segment (%), 2012
Figure 140: Gross Written Premium - Top Five Venezuelan Life Insurers, 2012
Figure 141: Paid Claims - Top Five Venezuelan Life Insurers, 2012
Figure 142: Incurred Loss - Top Five Venezuelan Life Insurers, 2012
Figure 143: Venezuelan Stock Exchange Market Capitalization (US$ Billion), 2009- 2012
Figure 144: Venezuelan GDP at Constant Prices (US$ Billion), 2008- 2012
Figure 145: Venezuelan GDP Per Capita at Constant Prices (US$), 2008- 2012
Figure 146: Venezuelan GDP at Current Prices (US$ Billion), 2008- 2012
Figure 147: Venezuelan GDP Per Capita at Current Prices (US$), 2008- 2012
Figure 148: Venezuelan GDP by Key Segments (%) 2007 and 2011
Figure 149: Venezuelan Agriculture Net Output At Current Prices (US$ Billion), 2007- 2011
Figure 150: Venezuelan Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007- 2011
Figure 151: Venezuelan Manufacturing Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 152: Venezuelan Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007- 2011
Figure 153: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 154: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007- 2011
Figure 155: Venezuelan Construction Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 156: Venezuelan Construction Output at Current Prices as a Percentage of GDP (%), 2007- 2011
Figure 157: Venezuelan Inflation Rate (%), 2009- 2012
Figure 158: Venezuelan Exports as a Percentage of GDP (%), 2007- 2011
Figure 159: Venezuelan Imports as a Percentage of GDP (%), 2007- 2011
Figure 160: Venezuelan Exports Growth (%), 2008- 2011
Figure 161: Venezuelan Imports Growth (%), 2008- 2011
Figure 162: Venezuelan Annual Average Exchange Rate US$- PHP, 2008- 2012
Figure 163: Venezuelan Commercial Vehicles Exports - Total V"

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