Reinsurance in Venezuela, Key Trends and Opportunities to 2019

Synopsis

Timetric's 'Reinsurance in Venezuela, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Venezuelan reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2010-2014) and forecast period (2014-2019).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Venezuelan economy and demographics, and provides detailed analysis of natural hazards and their impact on the Venezuelan insurance industry. 

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

Timetric's 'Reinsurance in Venezuela, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Venezuelan reinsurance segment, including:

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

• A comprehensive overview of the Venezuelan economy and demographics 

• Detailed analysis of natural hazards and their impact on the Venezuelan insurance industry

• 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 the Venezuelan reinsurance segment for the report's 2010-2014 review period, and projected figures for the 2014-2019 forecast period.

• It offers a detailed analysis of the key categories in the Venezuelan reinsurance segment, and market forecasts to 2019.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Venezuela, and the reinsurance segment's 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 category within it.

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

• Venezuela's reinsurance segment posted a review-period CAGR of 20.2%, and was partly driven by the expansion of direct insurers.

• Venezuela's geographical location makes it prone to natural disasters. The country is affected by El Nino, which gives rise to droughts, storms, floods and landslides. 

• The reinsurance segment is highly competitive, in the presence of four domestic specialized reinsurers: American Reinsurance, CA; International Reinsurance Company Ltd of Venezuela, RIV; Provincial Reinsurance, CA; and Delta Reinsurer, CA.

• The reinsurance segment consists of both domestic and foreign reinsurers. Foreign insurers operate through local subsidiaries. 

• On December 30, 2015, the government amended the minimum capital requirement for insurance companies (Article 19 of the Insurance Activities Act 2010).