1. Reinsurance in Venezuela, Key Trends and Opportunities to
2016
Report Details:
Published:November 2012
No. of Pages: 90
Price: Single User License – US$1950
•The report provides in depth market analysis, information and insights into the Venezuelan
reinsurance market, including:
•The Venezuelan reinsurance market’s growth prospects by reinsurance categories
•The Venezuelan reinsurance market’s growth prospects by reinsurance ceded from direct
insurance segments
•The competitive landscape in the Venezuelan reinsurance market
Executive summary
The Venezuelan reinsurance segment registered a CAGR of 35.5% during the review period, with
growth in all insurance segments and widespread flooding in 2010 increasing demand for non-life
insurance and reinsurance. Four specialized domestic reinsurance companies operate in
Venezuela, all of which are owned by local business people. However, over the forecast period the
number is expected to decrease to three as RIV is expected to cede its premium portfolio to Pro
Re, its parent company and Venezuela’s largest reinsurer. Foreign reinsurance companies also
operate in the country through branches. As in any other insurance industry, the demand for
reinsurance in Venezuela depends on the growth of the primary insurance market and the risk of
natural disasters. The Venezuelan reinsurance segment is led by facultative reinsurance.
Scope
•This report provides a comprehensive analysis of the reinsurance market in Venezuela:
•It provides historic values for Venezuela’s reinsurance market for the report’s 2007–2011 review
period and forecast figures for the 2012–2016 forecast period
•It offers a detailed analysis of the key sub-segments in Venezuela’s reinsurance market, along
with market forecasts until 2016
•It provides a detailed analysis of the reinsurance ceded from various direct insurance markets in
Venezuela and its growth prospects
•It profiles the top reinsurance companies in Venezuela
Key highlights

2. •The Venezuelan reinsurance segment registered a CAGR of 35.5% during the review period, with
growth in all insurance segments and widespread flooding in 2010 increasing demand for non-life
insurance and reinsurance.
•Four specialized domestic reinsurance companies operate in Venezuela, all of which are owned
by local business people.
•However, over the forecast period the number is expected to decrease to three as RIV is
expected to cede its premium portfolio to Pro Re, its parent company and Venezuela’s largest
reinsurer.
•Foreign reinsurance companies also operate in the country through branches.
•As in any other insurance industry, the demand for reinsurance in Venezuela depends on the
growth of the primary insurance market and the risk of natural disasters.
•The Venezuelan reinsurance segment is led by facultative reinsurance.
Reasons to buy
•Make strategic business decisions using in depth historic and forecast market data related to the
Venezuelan reinsurance market and each sector within it
•Understand the demand-side dynamics, key market trends and growth opportunities within the
Venezuelan reinsurance market
•Assess the competitive dynamics in the reinsurance market
•Identify the growth opportunities and market dynamics within key product categories
•Gain insights into key regulations governing the Venezuelan insurance market and its impact on
companies and the market's future
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2016.html
Major points covered in Table of Contents of this report include
Table Of Contents
1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Venezuelan Insurance Industry Attractiveness
3.1 Insurance Industry Market Size, 2007–2016
3.2 Reinsurance Growth Dynamics and Challenges
3.2.1 Reinsurance segment size, 2007–2016
3.2.2 Reinsurance Segment Size by Insurance Segment, 2007–2016

3. 4 Key Industry Trends and Drivers
4.1 Fundamental Business Drivers
4.2 Life Insurance Segment Drivers
4.3 Non-Life Insurance Segment Drivers
4.4 Personal Accident and Health Insurance Segment Drivers
5 Competitive Landscape and Strategic Insights
5.1 Overview
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend – Venezuela Stock Market (IBVC)
6.2 Economic Performance
6.2.1 GDP at constant prices (US$)
6.2.2 GDP per capita at constant prices (US$)
6.2.3 GDP at current prices (US$)
6.2.4 GDP per capita at current prices (US$)
6.2.5 GDP by key segments
6.2.6 Manufacturing net output at current prices (VEF)
6.2.7 Manufacturing net output at current prices (US$)
6.2.8 Manufacturing net output at current prices as a percentage of GDP
6.2.9 Mining, manufacturing and utilities net output at current prices (VEF)
6.2.10 Mining, manufacturing and utilities at current prices (US$)
6.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
6.2.12 Construction net output at current prices (VEF)
6.2.13 Construction net output at current prices, (US$)
6.2.14 Construction net output at current prices as a percentage of GDP
6.2.15 Inflation rate
6.2.16 Current account balance as a percentage of GDP
6.2.17 Exports as a percentage of GDP
6.2.18 Imports as a percentage of GDP
6.2.19 Exports growth
6.2.20 Imports growth
6.2.21 External debt
6.2.22 Annual average exchange rate US$–VEF
6.2.23 End-of-period exchange rate US$–VEF
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Passenger vehicle production volume
6.3.4 Commercial vehicle production volume
6.3.5 Automotive component exports trend

4. 6.3.6 Automotive component imports trend
6.3.7 Passenger car penetration
6.3.8 Healthcare expenditure
6.3.9 Healthcare expenditure as a percentage of GDP
6.3.10 Healthcare expenditure per capita
6.3.11 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Female percentage of the population
6.5.6 Male percentage of the population
6.5.7 Mean age of the population
6.5.8 Median age of the population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer
List Of Tables
Table 1: Insurance Industry Definitions
Table 2: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2007–2011
Table 3: Venezuelan Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2011–2016
Table 5: Venezuelan Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Venezuelan Insurance – Segmentation (% Share), 2007–2016

5. Table 7: Reinsurance in Venezuela by Category (VEF Billion), 2007–2011
Table 8: Reinsurance in Venezuela by Category (US$ Billion), 2007–2011
Table 9: Reinsurance in Venezuela by Category (VEF Billion), 2011–2016
Table 10: Reinsurance in Venezuela by Category (US$ Billion), 2011–2016
Table 11: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),
2007–2011
Table 12: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),
2007–2011
Table 13: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),
2011–2016
Table 14: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),
2011–2016
Table 15: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 16: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 17: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Table 18: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Table 19: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),
2007–2011
Table 20: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),
2011–2016
Table 21: Venezuelan Reinsurance Companies
List Of Figures
Figure 1: Venezuelan Insurance – Overall Written Premium by Segment (VEF Billion), 2007–2016
Figure 2: Venezuelan Insurance – Dynamics by Segment, 2007–2016
Figure 3: Venezuelan Premium Ceded to Reinsurance by Category (VEF Billion), 2007–2016
Figure 4: Venezuelan Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 5: Venezuelan Reinsurance Market Dynamics by Category, 2007–2016
Figure 6: Venezuelan Premium Ceded to Reinsurance by Segment (VEF Billion), 2007–2016
Figure 7: Venezuelan Reinsurance – Dynamics by Segment, 2007–2016
Figure 8: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 9: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 10: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2007–2011
Figure 11: Venezuelan Non-Life Insurance – Percentage of Reinsurance Ceded, 2011–2016
Figure 12: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),
2007–2011
Figure 13: Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%),
2011–2016
Figure 14: Venezuela Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 15: Venezuelan GDP at Constant Prices (US$ Billion), 2007–2011
Figure 16: Venezuelan GDP Per Capita at Constant Prices (US$), 2007–2011

6. Figure 17: Venezuelan GDP at Current Prices (US$ Billion), 2007–2011
Figure 18: Venezuelan GDP Per Capita at Current Prices (US$), 2007–2011
Figure 19: Venezuelan GDP by Key Segments (%) 2009 and 2011
Figure 20: Venezuelan Manufacturing Net Output at Current Prices (VEF Billion), 2007–2011
Figure 21: Venezuelan Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 22: Venezuelan Manufacturing Net Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 23: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (VEF
Billion), 2007–2011
Figure 24: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (US$
Billion), 2007–2011
Figure 25: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices as a
Percentage of GDP (%), 2007–2011
Figure 26: Venezuelan Construction Net Output at Current Prices (VEF Billion), 2007–2011
Figure 27: Venezuelan Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 28: Venezuelan Construction Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 29: Venezuelan Inflation Rate (%), 2007–2011
Figure 30: Venezuelan Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 31: Venezuelan Exports as a Percentage of GDP (%), 2007–2011
Figure 32: Venezuelan Imports as a Percentage of GDP (%), 2007–2011
Figure 33: Venezuelan Exports Growth (%), 2007–2011
Figure 34: Venezuelan Imports Growth (%), 2007–2011
Figure 35: Venezuelan External Debt as a Percentage of GDP, 2007–2011
Figure 36: Venezuelan Annual Average Exchange Rate US$–VEF, 2007–2011
Figure 37: Venezuelan End-of-Period Exchange Rate US$–VEF, 2007–2011
Figure 38: Total Number of Venezuelan Airports and Sea Ports, 2011
Figure 39: Venezuelan Railways and Roadways (Kilometers), 2011
Figure 40: Venezuelan Passenger Vehicle Production, 2007–2011
Figure 41: Venezuelan Commercial Vehicle Production, 2007–2011
Figure 42: Venezuelan Automotive Component Exports (US$ Billion), 2007–2011
Figure 43: Venezuelan Automotive Component Imports (US$ Billion), 2007–2011
Figure 44: Venezuelan Passenger Car Penetration (per Thousand People), 2007–2011
Figure 45: Venezuelan Healthcare Expenditure (US$ Billion), 2007–2011
Figure 46: Venezuelan Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 47: Venezuelan Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 48: Venezuelan Internet Subscriptions (Millions), 2007–2011
Figure 49: Venezuelan Labor Force in the 15–59 Age Group (Million), 2007–2011
Figure 50: Venezuelan Unemployment Rate (%), 2007–2011
Figure 51: Venezuelan Annual Disposable Income (US$ Billion), 2007–2011
Figure 52: Venezuelan Annual Per Capita Disposable Income (US$), 2007–2011
Figure 53: Venezuelan Total Population (Million), 2007–2011

7. Figure 54: Venezuelan Urban and Rural Population (%), 2007–2011
Figure 55: Venezuelan Females as a Percentage of the Population (%), 2007–2011
Figure 56: Venezuelan Males as a Percentage of the Population (%), 2007–2011
Figure 57: Venezuelan Mean Age of the Population (Years), 2007–2011
Figure 58: Venezuelan Median Age of the Population (Years), 2007–2011
Figure 59: Venezuelan Population Density (per Square Kilometer), 2007–2011
Figure 60: Venezuelan Population Distribution by Age (%), 2007–2011
Figure 61: Venezuelan Male Population Distribution by Age (%), 2007–2011
Figure 62: Venezuelan Female Population Distribution by Age (%), 2007–2011
Figure 63: Venezuelan Number of Households, 2007–2011
Figure 64: Global Terrorism Heat Map, 2011
Figure 65: Venezuelan Transparency Index, 2007–2011
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