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  4. > Insurance in Venezuela

Insurance in Venezuela

  • January 2016
  • -
  • MarketLine
  • -
  • 34 pages

Introduction

Insurance in Venezuela industry profile provides top-line qualitative and quantitative summary information including: market size (value 2011-15, and forecast to 2020). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Venezuela insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

- The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes.

- The Venezuelan insurance market is expected to generate total gross written premiums of $28.4bn in 2015, representing a compound annual growth rate (CAGR) of 40% between 2011 and 2015.

- The non-life insurance segment is expected to be the market's most lucrative in 2015, with total gross written premiums of $27.6bn, equivalent to 97.1% of the market's overall value.

- Most major lines of insurance, including general liability, employers’ liability, property, marine, life, and accident and health saw rate increases of up to 10%, while health insurance rates increased overall by around 30%.

Features

- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Venezuela

- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Venezuela

- Leading company profiles reveal details of key insurance market players’ global operations and financial performance

- Add weight to presentations and pitches by understanding the future growth prospects of the Venezuela insurance market with five year forecasts

- Macroeconomic indicators provide insight into general trends within the Venezuela economy

Key Questions Answered

- What was the size of the Venezuela insurance market by value in 2015?

- What will be the size of the Venezuela insurance market in 2020?

- What factors are affecting the strength of competition in the Venezuela insurance market?

- How has the market performed over the last five years?

- What are the main segments that make up Venezuela's insurance market?

Table Of Contents

Insurance in Venezuela
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 15
New entrants 17
Threat of substitutes 18
Degree of rivalry 19
Leading Companies 20
American International Group, Inc. 20
MAPFRE, S.A. 23
Mercantil Servicios Financieros C.A. 26
Macroeconomic Indicators 29
Country Data 29
Methodology 31
Industry associations 32
Related MarketLine research 32
Appendix 33
About MarketLine 33

List of Tables
Table 1: Venezuela insurance market value: $ billion, 2011-15(e)
Table 2: Venezuela insurance market category segmentation: $ billion, 2015(e)
Table 3: Venezuela insurance market geography segmentation: $ billion, 2015(e)
Table 4: Venezuela insurance market value forecast: $ billion, 2015-20
Table 5: American International Group, Inc.: key facts
Table 6: American International Group, Inc.: key financials ($)
Table 7: American International Group, Inc.: key financial ratios
Table 8: MAPFRE, S.A.: key facts
Table 9: MAPFRE, S.A.: key financials ($)
Table 10: MAPFRE, S.A.: key financials (€)
Table 11: MAPFRE, S.A.: key financial ratios
Table 12: Mercantil Servicios Financieros C.A.: key facts
Table 13: Mercantil Servicios Financieros C.A.: key financials ($)
Table 14: Mercantil Servicios Financieros C.A.: key financials (VEF)
Table 15: Mercantil Servicios Financieros C.A.: key financial ratios
Table 16: Venezuela size of population (million), 2011-15
Table 17: Venezuela gdp (constant 2005 prices, $ billion), 2011-15
Table 18: Venezuela gdp (current prices, $ billion), 2011-15
Table 19: Venezuela inflation, 2011-15
Table 20: Venezuela consumer price index (absolute), 2011-15
Table 21: Venezuela exchange rate, 2011-15

List of Figures
Figure 1: Venezuela insurance market value: $ billion, 2011-15(e)
Figure 2: Venezuela insurance market category segmentation: % share, by value, 2015(e)
Figure 3: Venezuela insurance market geography segmentation: % share, by value, 2015(e)
Figure 4: Venezuela insurance market value forecast: $ billion, 2015-20
Figure 5: Forces driving competition in the insurance market in Venezuela, 2015
Figure 6: Drivers of buyer power in the insurance market in Venezuela, 2015
Figure 7: Drivers of supplier power in the insurance market in Venezuela, 2015
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Venezuela, 2015
Figure 9: Factors influencing the threat of substitutes in the insurance market in Venezuela, 2015
Figure 10: Drivers of degree of rivalry in the insurance market in Venezuela, 2015
Figure 11: American International Group, Inc.: revenues and profitability
Figure 12: American International Group, Inc.: assets and liabilities
Figure 13: MAPFRE, S.A.: revenues and profitability
Figure 14: MAPFRE, S.A.: assets and liabilities
Figure 15: Mercantil Servicios Financieros C.A.: revenues and profitability
Figure 16: Mercantil Servicios Financieros C.A.: assets and liabilities

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