Venezuela Insurance Q4 2018
Venezuela's insurance industry continues to struggle in the wake of the country's dire economic straights. Rampanthyperinflation, despite the recent re-denomination of the Venezuelan bolívar, will remain the defining factor in the market, erodingany real household spending capacity and undermining demand across the insurance market, particularly in light of rapidlyincreasing unemployment. There is little scope for growth in real terms until widespread economic and political reforms take place,something which is highly unlikely in the short-term at least.
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