Reinsurance in Venezuela, Key Trends and Opportunities to 2018

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Date: 20-Jun-2015
No. of pages: 57
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Synopsis

Timetric's 'Reinsurance in the Venezuela, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Venezuelan reinsurance segment. It provides values of a number of Key Performance Indicators (KPI) such as written premium, reinsurance ceded and reinsurance accepted during the review period (2009-2013) and forecast period (2013-2018). The report also analyses information pertaining to the competitive landscape in the country.

This brings together Timetric's research, modeling, and analysis expertise to allow reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary

Timetric's 'Reinsurance in the Venezuela, Key Trends and Opportunities to 2018' report provides in-depth market analysis, information and insights into the Venezuelan reinsurance segment, including:

• The Venezuelan reinsurance segment's growth prospects by reinsurance category

• Key drivers for the reinsurance segment

• Venezuelan reinsurance segment's growth prospects by reinsurance ceded from direct insurance

• 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 Venezuela's reinsurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period.

• It offers a detailed analysis of the key categories in Venezuela's reinsurance segment, along with market forecasts until 2018.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Venezuela and its 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 sector within it.

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

• Identify the 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

• The reinsurance segment posted a review-period (2009-2013) compound annual growth rate (CAGR) of 34.1% in terms of premium accepted.

• The segment was led by treaty reinsurance, which accounted for 63.0% of the total reinsurance premium in 2013.

• Reasons for the growth in demand for reinsurance in the Venezuelan insurance industry include insurance industry's continued growth - which registered a review-period CAGR of 32.7% - and frequent natural disasters.

• The largest proportion of the premium ceded by the non-life segment came from motor insurance.

• Insurance companies in Venezuela prefer to cede risk to foreign reinsurers, as confidence in domestic reinsurers is generally low.

Reinsurance in Venezuela, Key Trends and Opportunities to 2018

Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Venezuelan Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009-2018
5.2 Reinsurance Segment Size by Type of Insurance, 2009-2018
6 Key Industry Drivers
6.1 Reinsurance Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Reinsurance Companies Registered in Venezuela
7.3 Delta Reinsurer CA - Company Overview
7.3.1 Delta Reinsurer CA - key facts
7.4 American Reinsurance CA - Company Overview
7.4.1 American Reinsurance CA - key facts
7.5 International Reinsurer Venezuela RIV - Company Overview
7.5.1 International Reinsurer Venezuela RIV - key facts
7.6 Provincial Reinsurance CA (Provincial Re) - Company Overview
7.6.1 Provincial Reinsurance CA (Provincial Re) - key facts
7.7 Bolivariana de Seguros SA - Company Overview
7.7.1 Bolivariana de Seguros SA - key facts
8 Appendix - 1
8.1 Economic Performance
8.1.1 GDP at constant prices (US$)
8.1.2 GDP per capita at constant prices (US$)
8.1.3 GDP at current prices (US$)
8.1.4 GDP per capita at current prices (US$)
8.1.5 Inflation rate
8.1.6 Exports as a percentage of GDP
8.1.7 Imports as a percentage of GDP
8.1.8 Annual average exchange rate US$-VEF
8.2 Infrastructure
8.2.1 Total internet subscribers
8.3 Labor Force
8.3.1 Unemployment rate
8.4 Demographics
8.4.1 Total population
8.4.2 Urban and rural populations
8.4.3 Age distribution of the total population
8.4.4 Life expectancy
9 Appendix - 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Venezuelan Reinsurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Venezuelan Insurance Industry - Gross Written Premium by Segment (VEF Billion), 2009-2013
Table 4: Venezuelan Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 5: Venezuelan Insurance Industry - Gross Written Premium by Segment (VEF Billion), 2013-2018
Table 6: Venezuelan Insurance Industry - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 7: Venezuelan Insurance Industry - Gross Written Premium by Segment (Percentage Share), 2009-2018
Table 8: Venezuelan Insurance Industry - Direct Written Premium by Segment (VEF Billion), 2009-2013
Table 9: Venezuelan Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 10: Venezuelan Insurance Industry - Direct Written Premium by Segment (VEF Billion), 2013-2018
Table 11: Venezuelan Insurance Industry - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 12: Venezuelan Insurance Industry - Direct Written Premium by Segment (Percentage Share), 2009-2018
Table 13: Venezuelan Reinsurance - Premium Accepted by Category (VEF Million), 2009-2013
Table 14: Venezuelan Reinsurance - Premium Accepted by Category (US$ Million), 2009-2013
Table 15: Venezuelan Reinsurance - Premium Accepted by Category (VEF Million), 2013-2018
Table 16: Venezuelan Reinsurance - Premium Accepted by Category (US$ Million), 2013-2018
Table 17: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Million), 2009-2013
Table 18: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2009-2013
Table 19: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Million), 2013-2018
Table 20: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (US$ Million), 2013-2018
Table 21: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 22: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 23: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 24: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 25: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 26: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 27: Reinsurance Companies in Venezuela
Table 28: Delta Reinsurer, CA, Key Facts
Table 29: American Reinsurance, CA, Key Facts
Table 30: International Reinsurer Venezuela RIV, Key Facts
Table 31: Provincial Reinsurance CA (Provincial Re), Key Facts
Table 32: Bolivariana de Seguros SA, Key Facts

List of Figures
Figure 1: Venezuelan Insurance Industry - Gross Written Premium by Segment (VEF Billion), 2009-2018
Figure 2: Venezuelan Insurance Industry - Gross Written Premium Dynamics by Segment (2009-2018)
Figure 3: Venezuelan Insurance Industry - Direct Written Premium by Segment (VEF Billion), 2009-2018
Figure 4: Venezuelan Insurance Industry - Direct Written Premium Dynamics by Segment (2009-2018)
Figure 5: Venezuelan Reinsurance - Premium Accepted by Category (VEF Million), 2009-2018
Figure 6: Venezuelan Reinsurance - Premium Accepted by Category (% Share), 2013 and 2018
Figure 7: Venezuelan Reinsurance - Premium Accepted Dynamics by Category, 2009-2018
Figure 8: Venezuelan Reinsurance - Premium Ceded by Type of Insurance (VEF Million), 2009-2018
Figure 9: Venezuelan Reinsurance - Premium Ceded Dynamics by Type of Insurance, 2009-2018
Figure 10: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 11: Venezuelan Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 12: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 13: Venezuelan Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 14: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Figure 15: Venezuelan Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Figure 16: Venezuelan GDP at Constant Prices (US$ Billion), 2010-2014
Figure 17: Venezuelan GDP Per Capita at Constant Prices (US$), 2010-2014
Figure 18: Venezuelan GDP at Current Prices (US$ Billion), 2010-2014
Figure 19: Venezuelan GDP Per Capita at Current Prices (US$), 2010-2014
Figure 20: Venezuelan Inflation Rate (%), 2010-2013
Figure 21: Venezuelan Exports as a Percentage of GDP (%), 2009-2013
Figure 22: Venezuelan Imports as a Percentage of GDP (%), 2009-2013
Figure 23: Venezuelan Annual Average Exchange Rate US$-VEF, 2010-2014
Figure 24: Venezuelan Internet Subscriptions (Million), 2010-2014
Figure 25: Venezuelan Unemployment Rate (%), 2010-2014
Figure 26: Venezuelan Total Population (Million), 2010-2014
Figure 27: Venezuelan Urban and Rural Populations (%), 2010-2014
Figure 28: Venezuelan Population Distribution by Age (%), 2010-2014
Figure 29: Venezuelan Life Expectancy (Years), 2010-2014
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