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Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2020

Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Venezuelan personal accident and health insurance segment, and a comparison of the Venezuelan insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Venezuelan economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Venezuelan personal accident and health insurance segment, including:

  • An overview of the Venezuelan personal accident and health insurance segment
  • The Venezuelan personal accident and health insurance segment’s growth prospects by category
  • A comprehensive overview of the Venezuelan economy and demographics
  • A comparison of the Venezuelan personal accident and health insurance segment with its regional counterparts
  • The various distribution channels in the Venezuelan personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Venezuela
  • Details of regulatory policy applicable to the Venezuelan insurance industry
Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Venezuela:
  • It provides historical values for the Venezuelan personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Venezuelan personal accident and health insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Venezuelan personal accident and health insurance segment with its regional counterparts
  • It provides an overview of the various distribution channels for personal accident and health insurance products in Venezuela.
  • It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Venezuelan personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance 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
  • On December 30, 2015, the government amended the minimum capital requirements for insurance companies (Article 19 of the Insurance Activities Act 2010).
  • In March 2014, Regulation 008 – which was issued by the Venezuelan Ministry of Popular Power for Tourism (MPPT) – made travel insurance mandatory for all people traveling to and from Venezuela.
  • The penetration of the personal accident and health segment was 0.96% in 2015.


  • Key Facts and Highlights
    • Table Venezuelan Personal Accident and Health Insurance - Key Facts, 2014
    • Table Venezuelan Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Venezuelan Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Venezuelan Personal Accident and Health Insurance - Gross Written Premium (VEF Billion and US$ Billion), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Penetration (%), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Gross Written Premium (VEF Billion and US$ Billion), 2015-2020
        • Table Venezuelan Personal Accident and Health Insurance - Penetration (%), 2015-2020
        • Table Venezuelan Personal Accident and Health Insurance - Premium per Capita (VEF and US$), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Premium per Capita (VEF and US$), 2015-2020
      • Claims
        • Table Venezuelan Personal Accident and Health Insurance - Paid Claims (VEF Billion and US$ Billion), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Paid Claims (VEF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Venezuelan Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Venezuelan Personal Accident and Health Insurance - Total Assets (VEF Billion and US$ Billion), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Total Assets (VEF Billion and US$ Billion), 2015-2020
        • Table Venezuelan Personal Accident and Health Insurance - Total Investment Income (VEF Billion and US$ Million), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Total Investment Income (VEF Billion and US$ Million), 2015-2020
        • Table Venezuelan Personal Accident and Health Insurance - Investment Portfolio (VEF Billion), 2011-2015
        • Table Venezuelan Personal Accident and Health Insurance - Investment Portfolio (VEF Billion), 2015-2020
  • Outlook by Category
    • Table Venezuelan Personal Accident and Health Insurance - Direct Written Premium by Category (VEF Billion),2011-2015
    • Table Venezuelan Personal Accident and Health Insurance - Direct Written Premium by Category (VEF Billion), 2015-2020
    • Personal Accident Insurance
      • Premium
        • Table Venezuelan Personal Accident Insurance - Direct Written Premium (VEF Billion and US$ Million), 2011-2015
        • Table Venezuelan Personal Accident Insurance - Direct Written Premium (VEF Billion and US$ Million), 2015-2020
      • Claims
        • Table Venezuelan Personal Accident Insurance - Paid Claims (VEF Million and US$ Million), 2011-2015
        • Table Venezuelan Personal Accident Insurance - Paid Claims (VEF Billion and US$ Million), 2015-2020
      • Profitability
        • Table Venezuelan Personal Accident Insurance - Loss Ratio (%), 2011-2015
        • Table Venezuelan Personal Accident Insurance - Loss Ratio (%), 2015-2020
    • Health Insurance
      • Premium
        • Table Venezuelan Health Insurance - Direct Written Premium (VEF Billion), 2011-2015
        • Table Venezuelan Health Insurance - Direct Written Premium (VEF Billion), 2015-2020
      • Claims
        • Table Venezuelan Health Insurance - Paid Claims (VEF Billion and US$ Billion), 2011-2015
        • Table Venezuelan Health Insurance - Paid Claims (VEF Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Venezuelan Health Insurance - Loss Ratio (%), 2011-2015
        • Table Venezuelan Health Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Agencies
    • Brokers
    • Direct Marketing
    • Bancassurance
    • E-commerce
  • Competitive Landscape
    • Table Venezuelan Personal Accident and Health Insurance - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Seguros Horizonte SA - company overview
        • Table Seguros Horizonte SA - Key Facts
        • Table Seguros Horizonte SA - Key Financials (VEF Billion), 2011-2015
      • Seguros Caracas de Liberty Mutual - company overview
        • Table Seguros Caracas de Liberty Mutual - Key Facts
        • Table Seguros Caracas de Liberty Mutual - Key Financials (US$ Billion), 2011-2015
      • Mercantil Seguros CA - company overview
        • Table Mercantil Seguros CA - Key Facts
        • Table Mercantil Seguros CA - Key Financials (VEF Billion), 2011-2015
      • CNA de Seguros La Previsora - company overview
        • Table CNA de Seguros La Previsora - Key Facts
        • Table CNA de Seguros La Previsora - Key Financials (VEF Billion), 2011-2015
      • Seguros Qualitas CA - company overview
        • Table Seguros Qualitas CA - Key Facts
        • Table Seguros Qualitas CA - Key Financials (US$ Billion), 2011-2015
  • Governance, Risk and Compliance
    • Table Venezuela - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Venezuela - Life Insurance Regulatory Framework
      • Property insurance
        • Table Venezuela - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Venezuela- Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Venezuela - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Travel insurance
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Superintendencia de la Actividad Aseguradora
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Venezuela - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Venezuelan Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Venezuelan Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Venezuelan Personal Accident and Health Insurance - Assets and Investments, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance - Assets and Investments, 2015-2020
    • Personal Accident Insurance
      • Table Venezuelan Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
    • Health Insurance
      • Table Venezuelan Personal Accident and Health Insurance - Health Insurance, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance - Health Insurance, 2015-2020
    • Health Insurance by Product
      • Table Venezuelan Personal Accident and Health Insurance - Health by Product, 2011-2015
      • Table Venezuelan Personal Accident and Health Insurance - Health by Product, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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