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Synopsis
Timetric’s 'Reinsurance in Venezuela, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Venezuelan reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010–2014) and forecast period (2014–2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Venezuelan economy and demographics, and provides detailed analysis of natural hazards and their impact on the Venezuelan insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetric’s 'Reinsurance in Venezuela, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Venezuelan reinsurance segment, including:

- The Venezuelan reinsurance segment’s growth prospects by reinsurance ceded from direct insurance

- A comprehensive overview of the Venezuelan economy and demographics

- Detailed analysis of natural hazards and their impact on the Venezuelan insurance industry

- The competitive landscape in the Venezuelan reinsurance segment

Scope
This report provides a comprehensive analysis of the reinsurance segment in Venezuela:

- It provides historical values for the Venezuelan reinsurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Venezuelan reinsurance segment, and market forecasts to 2019.

- It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Venezuela, and the reinsurance segment's growth prospects.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Venezuelan reinsurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Venezuelan reinsurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Venezuelan insurance industry, and their impact on companies and the industry's future.

Key Highlights
- Venezuela’s reinsurance segment posted a review-period CAGR of 20.2%, and was partly driven by the expansion of direct insurers.

- Venezuela’s geographical location makes it prone to natural disasters. The country is affected by El Nino, which gives rise to droughts, storms, floods and landslides.

- The reinsurance segment is highly competitive, in the presence of four domestic specialized reinsurers: American Reinsurance, CA; International Reinsurance Company Ltd of Venezuela, RIV; Provincial Reinsurance, CA; and Delta Reinsurer, CA.

- The reinsurance segment consists of both domestic and foreign reinsurers. Foreign insurers operate through local subsidiaries.

- On December 30, 2015, the government amended the minimum capital requirement for insurance companies (Article 19 of the Insurance Activities Act 2010).

Table Of Contents

Reinsurance in Venezuela, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Reinsurance Growth Dynamics and Challenges
4.1 Reinsurance Segment Size, 2010-2019
4.2 Reinsurance Segment Size by Premium Ceded, 2010-2019
5 Key Industry Drivers
5.1 Reinsurance Drivers
5.2 Life Insurance Drivers
5.3 Non-Life Insurance Drivers
5.4 Personal Accident and Health Insurance Drivers
6 Natural Hazards
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Venezuelan Reinsurance Segment
7.2.1 American Reinsurance CA - company overview
7.2.2 Provincial Reinsurance, CA - company overview
7.2.3 Delta reinsurer, CA - company overview
7.2.4 International Reinsurance Company Ltd of Venezuela, RIV - company overview
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Venezuelan Reinsurance - Key Facts, 2014
Table 2: Venezuelan Government Credit Ratings
Table 3: Venezuelan Reinsurance - Premium Accepted (VEF Billion), 2010-2014
Table 4: Venezuelan Reinsurance - Premium Accepted (VEF Billion), 2014-2019
Table 5: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Million), 2010-2014
Table 6: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2010-2014
Table 7: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Million), 2014-2019
Table 8: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2014-2019
Table 9: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 10: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 11: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 12: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 13: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Table 14: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Table 15: Venezuelan Average Annual Loss by Hazards Type (US$ Million), 2005-2014
Table 16: Venezuelan Domestic Reinsurers Market Share (%), June 2014
Table 17: American Reinsurance CA - Key Facts
Table 18: Provincial Reinsurance CA - Key Facts
Table 19: Delta Reinsurer CA - Key Facts
Table 20: International Reinsurance Company Ltd of Venezuela, RIV - Key Facts
Table 21: Insurance Industry Definitions

List of Figures
Figure 1: Venezuelan Cost of Crude Oil Price (US$), 2010-2015
Figure 2: Venezuelan Real GDP (VEF$ Billion), 2010-2019
Figure 3: VEF - US$ Exchange Rate, 2010-2019
Figure 4: Venezuelan Consumer Price Inflation, 2010-2019
Figure 5: Venezuelan Current Account Balance as Percentage of GDP (%), 2010-2019
Figure 6: Venezuelan Unemployment Rate, 2010-2019
Figure 7: Venezuelan Population by Age Group (Million), 1990-2025
Figure 8: Venezuelan Reinsurance - Premium Accepted (VEF Billion), 2010-2014
Figure 9: Venezuelan Reinsurance - Premium Accepted (VEF Billion), 2010-2014
Figure 10: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Billion), 2010-2019
Figure 11: Venezuelan Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2010-2019
Figure 12: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 13: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 14: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 15: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 16: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2010-2014
Figure 17: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2014-2019
Figure 18: Venezuela - Frequency of Hazards by Type, 1990-2014
Figure 19: Venezuela - Economic Issues Caused by Hazards by Type, 1990-2014
Figure 20: Venezuela - Mortality Caused by Hazards by Type, 1990-2014

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