Bharat Book

Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2012

Press Release   •   Dec 30, 2013 17:30 IST

Dec 30, 2013 : Bharat Book Bureau presents the new report, on "Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2017" provides all the information you require to better understand Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2017 over the past seven years.

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

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%. A growth in automobile sales, the rising property market and high inflation supported the segment’s growth during the review period (2008–2012), and are expected to continue to do so over the forecast period (2012–2017). Compulsory third-party motor liability insurance also supported the growth of non-life insurance during the review period, and both motor and property insurance are expected to retain their segment-leading positions over the forecast period.

This report provides a comprehensive analysis of the non-life insurance segment in Venezuela:
• It provides historical values for Venezuela’s non-life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
• It offers a detailed analysis of the key categories in Venezuela’s non-life insurance segment, along with market forecasts until 2017
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in Venezuela
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Venezuela for the non-life insurance segment
• It provides a detailed analysis of the reinsurance segment in Venezuela and its growth prospects
• It profiles the top non-life insurance companies in Venezuela and outlines the key regulations affecting them

Reasons To Buy
• Make strategic business decisions using in depth historic and forecast market data related to the Venezuelan non-life insurance segment and each category within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Venezuelan non-life insurance segment
• Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Venezuelan insurance industry and its impact on companies and the market's future

Table of Contents
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

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