Insurance in Venezuela

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.

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%.

Scope

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

Reasons to buy

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?

Companies mentioned

American International Group, Inc., MAPFRE, S.A., Mercantil Servicios Financieros C.A.

Table of Contents

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, 201115(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, 201520

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), 201115

Table 17: Venezuela gdp (constant 2005 prices, $ billion), 201115

Table 18: Venezuela gdp (current prices, $ billion), 201115

Table 19: Venezuela inflation, 201115

Table 20: Venezuela consumer price index (absolute), 201115

Table 21: Venezuela exchange rate, 201115

List of Figures

Figure 1: Venezuela insurance market value: $ billion, 201115(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, 201520

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 & profitability

Figure 12: American International Group, Inc.: assets & liabilities

Figure 13: MAPFRE, S.A.: revenues & profitability

Figure 14: MAPFRE, S.A.: assets & liabilities

Figure 15: Mercantil Servicios Financieros C.A.: revenues & profitability

Figure 16: Mercantil Servicios Financieros C.A.: assets & liabilities

List of Tables

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List of Figures

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