Insurance in Venezuela
SUMMARY
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.
KEY FINDINGS
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.
REASONS TO BUY
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 had total gross written premiums of $51.5bn in 2015, representing a compound annual growth rate (CAGR) of 62.6% between 2011 and 2015.
The non-life Insurance segment was the market's most lucrative in 2015, with total gross written premiums of $49.9bn, equivalent to 96.8% of the market's overall value.
Although inflation is a key factor behind the strong growth seen in this market in recent years, 2015 also saw steep real price hikes.
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.
KEY FINDINGS
- 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
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.
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?
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 had total gross written premiums of $51.5bn in 2015, representing a compound annual growth rate (CAGR) of 62.6% between 2011 and 2015.
The non-life Insurance segment was the market's most lucrative in 2015, with total gross written premiums of $49.9bn, equivalent to 96.8% of the market's overall value.
Although inflation is a key factor behind the strong growth seen in this market in recent years, 2015 also saw steep real price hikes.
Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
American International Group, Inc.
Mapfre S.A.
Multinacional de Seguros, C.A.
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
Market value
Market value forecast
Category segmentation
Geography segmentation
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
American International Group, Inc.
Mapfre S.A.
Multinacional de Seguros, C.A.
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
LIST OF TABLES
Table 1: Venezuela insurance market value: $ billion, 2011-15
Table 2: Venezuela insurance market category segmentation: $ billion, 2015
Table 3: Venezuela insurance market geography segmentation: $ billion, 2015
Table 4: Venezuela insurance market value forecast: $ billion, 2015-20
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: Multinacional de Seguros, C.A.: key facts
Table 13: Venezuela size of population (million), 2011-15
Table 14: Venezuela gdp (constant 2005 prices, $ billion), 2011-15
Table 15: Venezuela gdp (current prices, $ billion), 2011-15
Table 16: Venezuela inflation, 2011-15
Table 17: Venezuela consumer price index (absolute), 2011-15
Table 18: Venezuela exchange rate, 2011-15
Table 1: Venezuela insurance market value: $ billion, 2011-15
Table 2: Venezuela insurance market category segmentation: $ billion, 2015
Table 3: Venezuela insurance market geography segmentation: $ billion, 2015
Table 4: Venezuela insurance market value forecast: $ billion, 2015-20
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: Multinacional de Seguros, C.A.: key facts
Table 13: Venezuela size of population (million), 2011-15
Table 14: Venezuela gdp (constant 2005 prices, $ billion), 2011-15
Table 15: Venezuela gdp (current prices, $ billion), 2011-15
Table 16: Venezuela inflation, 2011-15
Table 17: Venezuela consumer price index (absolute), 2011-15
Table 18: Venezuela exchange rate, 2011-15
LIST OF FIGURES
Figure 1: Venezuela insurance market value: $ billion, 2011-15
Figure 2: Venezuela insurance market category segmentation: % share, by value, 2015
Figure 3: Venezuela insurance market geography segmentation: % share, by value, 2015
Figure 4: Venezuela insurance market value forecast: $ billion, 2015-20
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 and profitability
Figure 12: American International Group, Inc.: assets and liabilities
Figure 13: Mapfre S.A.: revenues and profitability
Figure 14: Mapfre S.A.: assets and liabilities
COMPANIES MENTIONED
American International Group, Inc.
Mapfre S.A.
Multinacional de Seguros, C.A.
Figure 1: Venezuela insurance market value: $ billion, 2011-15
Figure 2: Venezuela insurance market category segmentation: % share, by value, 2015
Figure 3: Venezuela insurance market geography segmentation: % share, by value, 2015
Figure 4: Venezuela insurance market value forecast: $ billion, 2015-20
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 and profitability
Figure 12: American International Group, Inc.: assets and liabilities
Figure 13: Mapfre S.A.: revenues and profitability
Figure 14: Mapfre S.A.: assets and liabilities
COMPANIES MENTIONED
American International Group, Inc.
Mapfre S.A.
Multinacional de Seguros, C.A.
