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

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

  • ID: 2716210
  • December 2013
  • Region: Venezuela
  • 252 Pages
  • Timetric

FEATURED COMPANIES

  • Banesco Seguros CA
  • Estar Seguros SA
  • Seguros Altamira CA
  • Seguros Mercantil CA
  • Zurich Seguros SA
  • MORE

The report provides in-depth market analysis, information and insights into the Venezuelan non-life insurance segment, including:

- The Venezuelan non-life insurance segment's growth prospects by non-life insurance categories
- Key trends and drivers for the non-life insurance segment
- The various distribution channels in the Venezuelan non-life insurance segment
- Detailed competitive landscape in the non-life insurance segment in Venezuela
- Regulatory policies of the Venezuelan insurance industry
- A description of the non-life reinsurance segment in Venezuela
- Porter's Five Forces Analysis of the non-life insurance segment
- Benchmarking section on the Venezuelan non-life insurance segment in comparison to other countries in the Latin American region

Summary

Non-life insurance is one of the most highly regulated and concentrated segments in the Venezuelan insurance industry. It was the largest segment, accounting for 48.6% of the industry's total gross written premium in 2012. The segment was led by the motor insurance category in 2012 with a 66.9% share of the gross written premium, followed by property insurance with 26.3%.

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FEATURED COMPANIES

  • Banesco Seguros CA
  • Estar Seguros SA
  • Seguros Altamira CA
  • Seguros Mercantil CA
  • Zurich Seguros SA
  • 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 Non-Life Insurance Segment – Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-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 Non-Life Insurance Outlook
6.1 Non-Life Insurance Growth Prospects by Category
6.1.1 Property insurance
6.1.2 Fire and allied perils insurance
6.1.3 Engineering insurance
6.1.4 Agriculture insurance
6.1.5 Other property insurance
6.2 Motor Insurance
6.2.1 Motor hull Insurance
6.2.2 Third-party motor insurance
6.3 General Third-Party Insurance
6.4 Marine, Aviation and Transit Insurance
6.4.1 Marine insurance
6.4.2 Marine hull insurance
6.4.3 Marine third-party insurance
6.4.4 Aviation insurance
6.4.5 Transit insurance

7 Analysis by Distribution Channels
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 Non-Life Insurance Market
8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: Low to Medium
8.3 Barriers to Entry: 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 Non-Life Insurance Segment
11.3 Comparison of the Top Five Insurers
11.3.1 Gross written premium
11.3.2 Paid claims
11.3.3 Incurred loss
11.4 Seguros Caracas de Liberty Mutual CA – Company Overview
11.4.1 Seguros Caracas de Liberty Mutual CA – key facts
11.4.1 Seguros Caracas de Liberty Mutual CA – key financials
11.5 Seguros Mercantil CA – Company Overview
11.5.1 Seguros Mercantil CA – key facts
11.5.2 Seguros Mercantil CA – key financials
11.6 CA de Seguros La Occidental – Company Overview
11.6.1 CA de Seguros La Occidental – key facts
11.6.2 CA de Seguros La Occidental – key financials
11.7 Mapfre La Seguridad CA de Seguros – Company Overview
11.7.1 Mapfre La Seguridad CA de Seguros – key facts
11.7.2 Mapfre La Seguridad CA de Seguros – key financials
11.8 Estar Seguros SA – Company Overview
11.8.1 Estar Seguros SA – key facts
11.8.2 Estar Seguros SA – key financials
11.9 Seguros Altamira CA – Company Overview
11.9.1 Seguros Altamira CA – key facts
11.9.2 Seguros Altamira CA – key financials
11.1 Banesco Seguros CA – Company Overview
11.10.1 Banesco Seguros CA – key facts
11.10.2 Banesco Seguros CA – key financials
11.11 Zurich Seguros SA – Company Overview
11.11.1 Zurich Seguros, SA – key facts
11.11.2 Zurich Seguros, SA – key financials
11.12 Multinacional de Seguros CA – Company Overview
11.12.1 Multinacional de Seguros CA – key facts
11.12.2 Multinacional de Seguros CA– key financials
11.13 CNA de Seguros La Previsora – Company Overview
11.13.1 CNA de Seguros La Previsora – key facts
11.13.2 CNA de Seguros La Previsora – 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$)
12.2.7 Agriculture net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
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 Non-Life Insurance – Written Premium by Category (VEF Billion), 2008–2012
Table 10: Venezuelan Non-Life Insurance – Written Premium by Category (US$ Billion), 2008–2012
Table 11: Venezuelan Non-Life Insurance – Written Premium by Category (VEF Billion), 2012–2017
Table 12: Venezuelan Non-Life Insurance – Written Premium by Category (US$ Billion), 2012–2017
Table 13: Venezuelan Non-Life Insurance – Earned Premium (VEF Billion), 2008–2012
Table 14: Venezuelan Non-Life Insurance – Earned Premium (VEF Billion), 2012–2017
Table 15: Venezuelan Non-Life Insurance – Paid Claims by Category (VEF Billion), 2008–2012
Table 16: Venezuelan Non-Life Insurance – Paid Claims by Category (US$ Billion), 2008–2012
Table 17: Venezuelan Non-Life Insurance – Paid Claims by Category (VEF Billion), 2012–2017
Table 18: Venezuelan Non-Life Insurance – Paid Claims by Category (US$ Billion), 2012–2017
Table 19: Venezuelan Non-Life Insurance – Incurred Loss by Category (VEF Billion), 2008–2012
Table 20: Venezuelan Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2008–2012
Table 21: Venezuelan Non-Life Insurance – Incurred Loss by Category (VEF Billion), 2012–2017
Table 22: Venezuelan Non-Life Insurance – Incurred Loss by Category (US$ Billion), 2012–2017
Table 23: Venezuelan Non-Life Insurance – Loss Ratio (%), 2008–2012
Table 24: Venezuelan Non-Life Insurance – Loss Ratio (%), 2012–2017
Table 25: Venezuelan Non-Life Insurance – Commission and Expenses (VEF Billion), 2008–2012
Table 26: Venezuelan Non-Life Insurance – Commission and Expenses (VEF Billion), 2012–2017
Table 27: Venezuelan Non-Life Insurance – Combined Ratio (%), 2008–2012
Table 28: Venezuelan Non-Life Insurance – Combined Ratio (%), 2012–2017
Table 29: Venezuelan Non-Life Insurance – Fraud and Crimes (VEF Billion), 2008–2012
Table 30: Venezuelan Non-Life Insurance – Fraud and Crimes (VEF Billion), 2012–2017
Table 31: Venezuelan Non-Life Insurance – Total Assets (VEF Billion), 2008–2012
Table 32: Venezuelan Non-Life Insurance – Total Assets (VEF Billion), 2012–2017
Table 33: Venezuelan Non-Life Insurance – Total Investment Income (VEF Billion), 2008–2012
Table 34: Venezuelan Non-Life Insurance – Total Investment Income (VEF Billion), 2012–2017
Table 35: Venezuelan Non-Life Insurance – Retentions (VEF Billion), 2008–2012
Table 36: Venezuelan Non-Life Insurance – Retentions (VEF Billion), 2012–2017
Table 37: Venezuelan Property Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2012
Table 38: Venezuelan Property Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 39: Venezuelan Property Insurance – Written Premium by Sub-Category (VEF Billion), 2012–2017
Table 40: Venezuelan Property Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 41: Venezuelan Property Insurance – Loss Ratio (%), 2008–2012
Table 42: Venezuelan Property Insurance – Loss Ratio (%), 2012–2017
Table 43: Venezuelan Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 44: Venezuelan Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 45: Venezuelan Fire and Allied Perils Insurance – Written Premium (VEF Billion), 2008–2012
Table 46: Venezuelan Fire and Allied Perils Insurance – Written Premium (VEF Billion), 2012–2017
Table 47: Venezuelan Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 48: Venezuelan Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 49: Venezuelan Engineering Insurance – Written Premium (VEF Billion), 2008–2012
Table 50: Venezuelan Engineering Insurance – Written Premium (VEF Billion), 2012–2017
Table 51: Venezuelan Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 52: Venezuelan Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 53: Venezuelan Agriculture Insurance – Written Premium (VEF Billion), 2008–2012
Table 54: Venezuelan Agriculture Insurance – Written Premium (VEF Billion), 2012–2017
Table 55: Venezuelan Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 56: Venezuelan Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 57: Venezuelan Other Property Insurance – Written Premium (VEF Billion), 2008–2012
Table 58: Venezuelan Other Property Insurance – Written Premium (VEF Billion), 2012–2017
Table 59: Venezuelan Motor Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2012
Table 60: Venezuelan Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 61: Venezuelan Motor Insurance – Written Premium by Sub-Category (VEF Billion), 2012–2017
Table 62: Venezuelan Motor Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 63: Venezuelan Motor Insurance – Loss Ratio (%), 2008–2012
Table 64: Venezuelan Motor Insurance – Loss Ratio (%), 2012–2017
Table 65: Venezuelan Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 66: Venezuelan Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 67: Venezuelan Motor Hull Insurance – Written Premium (VEF Billion), 2008–2012
Table 68: Venezuelan Motor Hull Insurance – Written Premium (VEF Billion), 2012–2017
Table 69: Venezuelan Third-Party Motor Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 70: Venezuelan Third-Party Motor Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 71: Venezuelan Third-Party Motor Insurance – Written Premium (VEF Billion), 2008–2012
Table 72: Venezuelan Third-Party Motor Insurance – Written Premium (VEF Billion), 2012–2017
Table 73: Venezuelan General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 74: Venezuelan General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 75: Venezuelan General Third-Party Insurance – Written Premium (VEF Billion), 2008–2012
Table 76: Venezuelan General Third-Party Insurance – Written Premium (VEF Billion), 2012–2017
Table 77: Venezuelan General Third-Party Insurance – Loss Ratio (%), 2008–2012
Table 78: Venezuelan General Third-Party Insurance – Loss Ratio (%), 2012–2017
Table 79: Venezuelan Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2012
Table 80: Venezuelan Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2008–2012
Table 81: Venezuelan Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VEF Billion), 2012–2017
Table 82: Venezuelan Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (US$ Billion), 2012–2017
Table 83: Venezuelan Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Table 84: Venezuelan Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Table 85: Venezuelan Marine Insurance – Written Premium by Policy (VEF Billion), 2008–2012
Table 86: Venezuelan Marine Insurance – Written Premium by Policy (US$ Billion), 2008–2012
Table 87: Venezuelan Marine Insurance – Written Premium by Policy (VEF Billion), 2012–2017
Table 88: Venezuelan Marine Insurance – Written Premium by Policy (US$ Billion), 2012–2017
Table 89: Venezuelan Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 90: Venezuelan Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 91: Venezuelan Marine Hull Insurance – Written Premium (VEF Billion), 2008–2012
Table 92: Venezuelan Marine Hull Insurance – Written Premium (VEF Billion), 2012–2017
Table 93: Venezuelan Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 94: Venezuelan Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 95: Venezuelan Marine Third-Party Insurance – Written Premium (VEF Billion), 2008–2012
Table 96: Venezuelan Marine Third-Party Insurance – Written Premium (VEF Billion), 2012–2017
Table 97: Venezuelan Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 98: Venezuelan Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 99: Venezuelan Aviation Insurance – Written Premium (VEF Billion), 2008–2012
Table 100: Venezuelan Aviation Insurance – Written Premium (VEF Billion), 2012–2017
Table 101: Venezuelan Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Table 102: Venezuelan Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Table 103: Venezuelan Transit Insurance – Written Premium (VEF Billion), 2008–2012
Table 104: Venezuelan Transit Insurance – Written Premium (VEF Billion), 2012–2017
Table 105: Venezuelan Non-Life Insurance – Direct Marketing Commission Paid (VEF Billion), 2008–2012
Table 106: Venezuelan Non-Life Insurance – Direct Marketing Commission Paid (VEF Billion), 2012–2017
Table 107: Venezuelan Non-Life Insurance – Written Premium Through Direct Marketing (VEF Billion), 2008–2012
Table 108: Venezuelan Non-Life Insurance – Written Premium Through Direct Marketing (VEF Billion), 2012–2017
Table 109: Venezuelan Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Table 110: Venezuelan Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Table 111: Venezuelan Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Table 112: Venezuelan Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Table 113: Venezuelan Non-Life Insurance – Bancassurance Commission Paid (VEF Billion), 2008–2012
Table 114: Venezuelan Non-Life Insurance – Bancassurance Commission Paid (VEF Billion), 2012–2017
Table 115: Venezuelan Non-Life Insurance – Written Premium Through Bancassurance (VEF Billion), 2008–2012
Table 116: Venezuelan Non-Life Insurance – Written Premium Through Bancassurance (VEF Billion), 2012–2017
Table 117: Venezuelan Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Table 118: Venezuelan Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Table 119: Venezuelan Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Table 120: Venezuelan Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Table 121: Venezuelan Non-Life Insurance – Commission Paid to Agencies (VEF Billion), 2008–2012
Table 122: Venezuelan Non-Life Insurance – Commission Paid to Agencies (VEF Billion), 2012–2017
Table 123: Venezuelan Non-Life Insurance – Written Premium Through Agencies (VEF Billion), 2008–2012
Table 124: Venezuelan Non-Life Insurance – Written Premium Through Agencies (VEF Billion), 2012–2017
Table 125: Venezuelan Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2008–2012
Table 126: Venezuelan Non-Life Insurance – Policies Sold Through Agencies (Thousand), 2012–2017
Table 127: Venezuelan Non-Life Insurance – Number of Agencies, 2008–2012
Table 128: Venezuelan Non-Life Insurance – Number of Agencies, 2012–2017
Table 129: Venezuelan Non-Life Insurance – E-Commerce Commission Paid (VEF Billion), 2008–2012
Table 130: Venezuelan Non-Life Insurance – E-Commerce Commission Paid (VEF Billion), 2012–2017
Table 131: Venezuelan Non-Life Insurance – Written Premium Through E-Commerce (VEF Billion), 2008–2012
Table 132: Venezuelan Non-Life Insurance – Written Premium Through E-Commerce (VEF Billion), 2012–2017
Table 133: Venezuelan Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2008–2012
Table 134: Venezuelan Non-Life Insurance – Policies Sold Through E-Commerce (Thousand), 2012–2017
Table 135: Venezuelan Non-Life Insurance – Number of E-Commerce Distributors, 2008–2012
Table 136: Venezuelan Non-Life Insurance – Number of E-Commerce Distributors, 2012–2017
Table 137: Venezuelan Non-Life Insurance – Commission Paid to Brokers (VEF Billion), 2008–2012
Table 138: Venezuelan Non-Life Insurance – Commission Paid to Brokers (VEF Billion), 2012–2017
Table 139: Venezuelan Non-Life Insurance – Written Premium Through Brokers (VEF Billion), 2008–2012
Table 140: Venezuelan Non-Life Insurance – Written Premium Through Brokers (VEF Billion), 2012–2017
Table 141: Venezuelan Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2008–2012
Table 142: Venezuelan Non-Life Insurance – Policies Sold Through Brokers (Thousand), 2012–2017
Table 143: Venezuelan Non-Life Insurance – Number of Brokers, 2008–2012
Table 144: Venezuelan Non-Life Insurance – Number of Brokers, 2012–2017
Table 145: Venezuelan Non-Life Insurance – Commission Paid to Other Channels (VEF Billion), 2008–2012
Table 146: Venezuelan Non-Life Insurance – Commission Paid to Other Channels (VEF Billion), 2012–2017
Table 147: Venezuelan Non-Life Insurance – Written Premium Through Other Channels (VEF Billion), 2008–2012
Table 148: Venezuelan Non-Life Insurance – Written Premium Through Other Channels (VEF Billion), 2012–2017
Table 149: Venezuelan Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2008–2012
Table 150: Venezuelan Non-Life Insurance – Policies Sold Through Other Channels (Thousand), 2012–2017
Table 151: Venezuelan Non-Life Insurance – Number of Distributors in Other Channels, 2008–2012
Table 152: Venezuelan Non-Life Insurance – Number of Distributors in Other Channels, 2012–2017
Table 153: Venezuelan Reinsurance by Category (VEF Billion), 2008–2012
Table 154: Venezuelan Reinsurance by Category (US$ Billion), 2008–2012
Table 155: Venezuelan Reinsurance by Category (VEF Billion), 2012–2017
Table 156: Venezuelan Reinsurance by Category (US$ Billion), 2012–2017
Table 157: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion), 2008–2012
Table 158: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008–2012
Table 159: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion), 2012–2017
Table 160: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012–2017
Table 161: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2008–2012
Table 162: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2012–2017
Table 163: Shares of Key Insurers in the Venezuelan Non-Life Insurance Segment, (%), 2012
Table 164: Seguros Caracas de Liberty Mutual CA, Key Facts
Table 165: Seguros Caracas de Liberty Mutual, CA – Key Financials (VEF Million), 2007 – 2012
Table 166: Seguros Mercantil CA, Key Facts
Table 167: Seguros Mercantil CA, Key Financials (VEF Million), 2007 – 2012
Table 168: CA de Seguros La Occidental, Key Facts
Table 169: CA de Seguros La Occidental, Key Financials (VEF Million), 2007 – 2012
Table 170: Mapfre La Seguridad CA de Seguros, Key Facts
Table 171: Mapfre La Seguridad CA de Seguros, Key Financials (VEF Million), 2007 – 2012
Table 172: Estar Seguros SA, Key Facts
Table 173: Estar Seguros SA, Key Financials (VEF Million), 2007 – 2012
Table 174: Seguros Altamira CA, Key Facts
Table 175: Seguros Altamira CA, Key Financials (VEF Million), 2007 – 2012
Table 176: Banesco Seguros CA, Key Facts
Table 177: Banesco Seguros CA, Key Financials (VEF Million), 2007 – 2012
Table 178: Zurich Seguros, SA, Key Facts
Table 179: Zurich Seguros, SA, Key Financials (VEF Million), 2007 – 2012
Table 180: Multinacional de Seguros CA, Key Facts
Table 181: Multinacional de Seguros CA, Key Financials (VEF Million), 2007 – 2012
Table 182: CNA de Seguros La Previsora, Key Facts
Table 183: CNA de Seguros La Previsora, 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 Non-Life Insurance – Growth Trends, 2007–2016
Figure 5: Central and Latin American Non-Life Insurance – Gross Written Premiums (US$ Billion), 2011
Figure 6: Central and Latin American Non-Life Insurance – Premium Per Capita (US$), 2011
Figure 7: Central and Latin American Non-Life Insurance – Penetration (% of GDP), 2011 and 2016
Figure 8: Central and Latin American Non-Life Insurance – Gross Written Premium Growth (%), 2007–2016
Figure 9: Central and Latin American Non-Life Insurance – Gross Written Premium Per Capita Growth (%), 2007–2016
Figure 10: Central and Latin American Non-Life Insurance – Loss Ratios (%), 2011 and 2016
Figure 11: Central and Latin American Non-Life Insurance – Combined Ratios (%), 2011 and 2016
Figure 12: Central and Latin American Non-Life Insurance – Incurred Losses Per Capita (US$), 2011 and 2016
Figure 13: Central and Latin American Non-Life Insurance – Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 14: Central and Latin American Direct Marketing – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 15: Central and Latin American Bancassurance – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 16: Central and Latin American Agencies – Share of Non-Life Insurance Gross Written Premium (%), 2007–2016
Figure 17: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2008–2017
Figure 18: Venezuelan Insurance – Dynamics by Segment (%), 2008–2017
Figure 19: Venezuelan Non-Life Insurance – Written Premium by Category (VEF Billion), 2008–2017
Figure 20: Venezuelan Non-Life Insurance – Written Premium by Category (% Share), 2012 and 2017
Figure 21: Venezuelan Non-Life Insurance – Dynamics by Category (%), 2008–2017
Figure 22: Venezuelan Non-Life Insurance – Earned Premium (VEF Billion), 2008–2012
Figure 23: Venezuelan Non-Life Insurance – Earned Premium (VEF Billion), 2012–2017
Figure 24: Venezuelan Non-Life Insurance – Paid Claims by Category (VEF Billion), 2008–2017
Figure 25: Venezuelan Non-Life Insurance – Incurred Loss by Category (VEF Billion), 2008–2017
Figure 26: Venezuelan Non-Life Insurance – Loss Ratio (%), 2008–2012
Figure 27: Venezuelan Non-Life Insurance – Loss Ratio (%), 2012–2017
Figure 28: Venezuelan Non-Life Insurance – Commission and Expenses (VEF Billion), 2008–2012
Figure 29: Venezuelan Non-Life Insurance – Commission and Expenses (VEF Billion), 2012–2017
Figure 30: Venezuelan Non-Life Insurance – Combined Ratio (%), 2008–2012
Figure 31: Venezuelan Non-Life Insurance – Combined Ratio (%), 2012–2017
Figure 32: Venezuelan Non-Life Insurance – Fraud and Crimes (VEF Billion), 2008–2012
Figure 33: Venezuelan Non-Life Insurance – Fraud and Crimes (VEF Billion), 2012–2017
Figure 34: Venezuelan Non-Life Insurance – Total Assets (VEF Billion), 2008–2012
Figure 35: Venezuelan Non-Life Insurance – Total Assets (VEF Billion), 2012–2017
Figure 36: Venezuelan Non-Life Insurance – Total Investment Income (VEF Billion), 2008–2012
Figure 37: Venezuelan Non-Life Insurance – Total Investment Income (VEF Billion), 2012–2017
Figure 38: Venezuelan Non-Life Insurance – Retentions (VEF Billion), 2008–2012
Figure 39: Venezuelan Non-Life Insurance – Retentions (VEF Billion), 2012–2017
Figure 40: Venezuelan Non-Life Insurance – Investment Portfolio (VEF Billion), 2008–2012
Figure 41: Venezuelan Non-Life Insurance – Investment Portfolio (% Share), 2008 and 2012
Figure 42: Venezuelan Non-Life Insurance – Penetration (%), 2008–2012
Figure 43: Venezuelan Non-Life Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 44: Venezuelan Non-Life Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 45: Venezuelan Non-Life Insurance – Premium Per Capita (VEF), 2008–2012
Figure 46: Venezuelan Property Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2017
Figure 47: Venezuelan Property Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 48: Venezuelan Property Insurance – Loss Ratio (%), 2008–2012
Figure 49: Venezuelan Property Insurance – Loss Ratio (%), 2012–2017
Figure 50: Venezuelan Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 51: Venezuelan Fire and Allied Perils Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 52: Venezuelan Fire and Allied Perils Insurance – Written Premium (VEF Billion), 2008–2012
Figure 53: Venezuelan Fire and Allied Perils Insurance – Written Premium (VEF Billion), 2012–2017
Figure 54: Venezuelan Engineering Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 55: Venezuelan Engineering Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 56: Venezuelan Engineering Insurance – Written Premium (VEF Billion), 2008–2012
Figure 57: Venezuelan Engineering Insurance – Written Premium (VEF Billion), 2012–2017
Figure 58: Venezuelan Agriculture Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 59: Venezuelan Agriculture Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 60: Venezuelan Agriculture Insurance – Written Premium (VEF Billion), 2008–2012
Figure 61: Venezuelan Agriculture Insurance – Written Premium (VEF Billion), 2012–2017
Figure 62: Venezuelan Other Property Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 63: Venezuelan Other Property Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 64: Venezuelan Other Property Insurance – Written Premium (VEF Billion), 2008–2012
Figure 65: Venezuelan Other Property Insurance – Written Premium (VEF Billion), 2012–2017
Figure 66: Venezuelan Motor Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2017
Figure 67: Venezuelan Motor Insurance – Dynamics by Sub-Category, 2008–2017
Figure 68: Venezuelan Motor Insurance – Loss Ratio (%), 2008–2012
Figure 69: Venezuelan Motor Insurance – Loss Ratio (%), 2012–2017
Figure 70: Venezuelan Motor Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 71: Venezuelan Motor Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 72: Venezuelan Motor Hull Insurance – Written Premium (VEF Billion), 2008–2012
Figure 73: Venezuelan Motor Hull Insurance – Written Premium (VEF Billion), 2012–2017
Figure 74: Venezuelan Third-Party Motor Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 75: Venezuelan Third-Party Motor Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 76: Venezuelan Third-Party Motor Insurance – Written Premium (VEF Billion), 2008–2012
Figure 77: Venezuelan Third-Party Motor Insurance – Written Premium (VEF Billion), 2012–2017
Figure 78: Venezuelan General Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 79: Venezuelan General Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 80: Venezuelan General Third-Party Insurance – Written Premium (VEF Billion), 2008–2012
Figure 81: Venezuelan General Third-Party Insurance – Written Premium (VEF Billion), 2012–2017
Figure 82: Venezuelan General Third-Party Insurance – Loss Ratio (%), 2008–2012
Figure 83: Venezuelan General Third-Party Insurance – Loss Ratio (%), 2012–2017
Figure 84: Venezuelan Marine, Aviation and Transit Insurance – Written Premium by Sub-Category (VEF Billion), 2008–2017
Figure 85: Venezuelan Marine, Aviation and Transit Insurance – Dynamics by Sub-Category (%), 2008–2017
Figure 86: Venezuelan Marine, Aviation and Transit Insurance – Loss Ratio (%), 2008–2012
Figure 87: Venezuelan Marine, Aviation and Transit Insurance – Loss Ratio (%), 2012–2017
Figure 88: Venezuelan Marine Insurance – Written Premium by Policy (VEF Billion), 2008–2017
Figure 89: Venezuelan Marine Insurance – Dynamics by Policy (%), 2008–2017
Figure 90: Venezuelan Marine Hull Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 91: Venezuelan Marine Hull Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 92: Venezuelan Marine Hull Insurance – Written Premium (VEF Billion), 2008–2012
Figure 93: Venezuelan Marine Hull Insurance – Written Premium (VEF Billion), 2012–2017
Figure 94: Venezuelan Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 95: Venezuelan Marine Third-Party Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 96: Venezuelan Marine Third-Party Insurance – Written Premium (VEF Billion), 2008–2012
Figure 97: Venezuelan Marine Third-Party Insurance – Written Premium (VEF Billion), 2012–2017
Figure 98: Venezuelan Aviation Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 99: Venezuelan Aviation Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 100: Venezuelan Aviation Insurance – Written Premium (VEF Billion), 2008–2012
Figure 101: Venezuelan Aviation Insurance – Written Premium (VEF Billion), 2012–2017
Figure 102: Venezuelan Transit Insurance – Number of Policies Sold (Thousand), 2008–2012
Figure 103: Venezuelan Transit Insurance – Number of Policies Sold (Thousand), 2012–2017
Figure 104: Venezuelan Transit Insurance – Written Premium (VEF Billion), 2008–2012
Figure 105: Venezuelan Transit Insurance – Written Premium (VEF Billion), 2012–2017
Figure 106: Venezuelan Non-Life Insurance – Written Premium by Distribution Channel (Percentage Share), 2012 and 2017
Figure 107: Venezuelan Non-Life Insurance – Direct Marketing Commission Paid (VEF Billion), 2008–2012
Figure 108: Venezuelan Non-Life Insurance – Direct Marketing Commission Paid (VEF Billion), 2012–2017
Figure 109: Venezuelan Non-Life Insurance – Written Premium Through Direct Marketing (VEF Billion), 2008–2012
Figure 110: Venezuelan Non-Life Insurance – Written Premium Through Direct Marketing (VEF Billion), 2012–2017
Figure 111: Venezuelan Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2008–2012
Figure 112: Venezuelan Non-Life Insurance – Policies Sold Through Direct Marketing (Thousand), 2012–2017
Figure 113: Venezuelan Non-Life Insurance – Number of Direct Marketing Distributors, 2008–2012
Figure 114: Venezuelan Non-Life Insurance – Number of Direct Marketing Distributors, 2012–2017
Figure 115: Venezuelan Non-Life Insurance – Bancassurance Commission Paid (VEF Billion), 2008–2012
Figure 116: Venezuelan Non-Life Insurance – Bancassurance Commission Paid (VEF Billion), 2012–2017
Figure 117: Venezuelan Non-Life Insurance – Written Premium Through Bancassurance (VEF Billion), 2008–2012
Figure 118: Venezuelan Non-Life Insurance – Written Premium Through Bancassurance (VEF Billion), 2012–2017
Figure 119: Venezuelan Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2008–2012
Figure 120: Venezuelan Non-Life Insurance – Policies Sold Through Bancassurance (Thousand), 2012–2017
Figure 121: Venezuelan Non-Life Insurance – Number of Bancassurance Distributors, 2008–2012
Figure 122: Venezuelan Non-Life Insurance – Number of Bancassurance Distributors, 2012–2017
Figure 123: Venezuelan Non-Life Insurance – Commission Paid to Agencies (VEF Billion), 2008–2012

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- CA de Seguros La Occidental
- CNA de Seguros La Previsora
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- Multinacional de Seguros CA
- Seguros Altamira CA
- Seguros Caracas de Liberty Mutual CA
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- Zurich Seguros SA

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