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"Life Insurance in Venezuela, Key Trends and Opportunities to 2017" is now available at Fast Market Research


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2013-12-27 09:47:57 - Recently published research from Timetric, "Life Insurance in Venezuela, Key Trends and Opportunities to 2017", is now available at Fast Market Research

The life segment accounted for the lowest share of the Venezuelan insurance industry during the review period (2008-2012). It did, however, register significant growth, which indicates an increase in public awareness of the benefits of life insurance. Funeral insurance, which was made compulsory for retirees, pensioners, the disabled and low-income families, also contributed to the growth. The life segment posted a review-period CAGR of 26.6%. Regulatory changes and an increase in consumer confidence will support growth over the forecast period (2012-2017); the segment is expected post a forecast-period CAGR of 27.6%.

Key Highlights

* The life segment posted a review-period CAGR of 26.6%. Regulatory changes and an increase in consumer confidence will support growth over the forecast period (2012-2017)
* In

the life segment, funeral insurance was made mandatory for retirees, pensioners, the disabled and low-income families
* Venezuela's young and rapidly growing population is expected to play a vital role in the growth of life insurance in the long term
* The Venezuelan life insurance segment is mainly supported by savings products. Insurers typically provide life insurance as an additional benefit to encourage the sale of other financial products
* In terms of new business written premium generated within the life segment, agencies accounted for 46.9% in 2012, followed by brokers with 32.7%

Full Report Details at
- www.fastmr.com/prod/757072_life_insurance_in_venezuela_key_trend ..

Scope

This report provides a comprehensive analysis of the life insurance segment in Venezuela:

* It provides historical values for Venezuelan life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key sub-segments in Venezuelan life insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for life insurance products in Venezuela
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Venezuela for the life insurance business
* It provides a detailed analysis of the reinsurance segment in Venezuela and its growth prospects
* It profiles the top life insurance companies in Venezuela and outlines the key regulations affecting them

Reasons to Get this Report

* Make strategic business decisions using in depth historic and forecast market data related to the Venezuelan life insurance segment and each category within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Venezuelan life insurance segment
* Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment
* Identify the growth opportunities and market dynamics within key product categories
* Gain insights into key regulations governing the Venezuelan insurance industry and its impact on companies and the market's future

Companies Mentioned in this Report: Seguros Horizonte CA, Seguros la Fe CA, Zurich Seguros SA, Banesco Seguros CA, Seguros Mercantil CA, Seguros Provincial CA, CNA de Seguros La Previsora, CA de Seguros La Occidental, Mapfre la Seguridad CA de Seguros, Seguros Caracas de Liberty Mutual CA

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 Venezuelan Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance Growth Prospects by Category
6.1.1 Individual life insurance
6.1.2 Individual general annuity insurance
6.1.3 Other individual life insurance
6.1.4 Group life insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-Commerce
7.5 Brokers
7.6 Other Channels
8 Porter's Five Forces Analysis - Venezuelan Life Insurance
8.1 Bargaining Power of Supplier: Medium
8.2 Bargaining Power of Buyer: Medium to High
8.3 Barriers to Entry: Medium to High
8.4 Intensity of Rivalry: High
8.5 Threat of Substitutes: Low
9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017
10 Regulatory Policies
11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Venezuelan Life Insurance Segment
11.3 Comparison of Top Five Insurers
11.3.1 Gross written premium
11.3.2 Paid claims
11.3.3 Incurred Loss
11.4 Seguros Horizonte CA - Company Overview
11.4.1 Seguros Horizonte CA - key facts
11.4.2 Seguros Horizonte CA - key financials

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=757072&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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