Friday 20 December 2013

Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2017, New Report Launched

Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2017

The Venezuelan personal accident and health insurance segment accounted for the second-largest share of overall insurance industry premiums during the review period (2007−2011). With rising healthcare expenditure and mandatory health insurance for retirees, the disabled and low-income families, the health insurance category increased at a CAGR of 30.6% during the review period. The lack of skilled personnel in government health institutions, and unavailability of specialized treatment are driving the Venezuelan population towards private healthcare in the country. The Venezuelan health insurance category led the personal accident and health insurance segment with a 97.0% share in 2012. Over the forecast period (2012−2016), rising consumer awareness of health insurance is anticipated to be backed by rising healthcare expenditure and is expected to drive the segment.

The report provides in-depth market analysis, information and insights into the Venezuelan personal accident and health insurance segment, including:
  • The Venezuelan personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Venezuelan personal accident and health insurance segment
  • Detailed competitive landscape in the personal accident and health insurance segment in Venezuela
  • Regulatory policies of the Venezuelan insurance industry
  • A description of the personal accident and health reinsurance segment in Venezuela
  • Porter's Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Venezuelan personal accident and health insurance segment in comparison to other countries in the Latin American region


This report provides a comprehensive analysis of the personal accident and health insurance segment in Venezuela:
  • It provides historical values for Venezuelan personal accident and health 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 categories in Venezuela's personal accident and health 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 personal accident and health insurance products in Venezuela
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Venezuela for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Venezuela and its growth prospects
  • It profiles the top personal accident and health insurance companies in Venezuela and outlines the key regulations affecting them


Reasons To Buy
  • Make strategic business decisions using in depth historic and forecast market data related to the Venezuelan personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Venezuelan personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health 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 segment and its impact on companies and the market's future


Key Highlights
  • With rising healthcare expenditure and mandatory health insurance for retirees, the disabled and low-income families, the health insurance category increased at a CAGR of 30.6% during the review period
  • Personal accident and health insurance policies are primarily distributed in Venezuela through insurance brokers, followed by agencies
  • During the review period, the health category dominated the personal accident and health segment with a market share of 97.0% in 2012
  • The travel insurance category is the smallest in the segment, with a market share of 0.4% in written premium terms
  • Horizonte was the leading company in the segment, and accounted for 17.4% of the segment’s written premiums in 2012


Spanning over 203 pages, 133 tables and 155 figures, “Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2017” report covering Introduction, Regional Market Dynamics, Personal Accident and Health Insurance Segment – Regional Benchmarking, Venezuelan Insurance Industry Attractiveness, Personal Accident and Health Insurance Segment Outlook, Analysis by Distribution Channels, Porter’s Five Forces Analysis – Venezuelan Personal Accident and Health Insurance, Reinsurance Growth Dynamics and Challenges, Regulatory Policies, Competitive Landscape and Strategic Insights, Business Environment and Country Risk. The report cover 10 companies- Seguros Horizonte CA, Seguros Caracas de Liberty Mutual, CA, Seguros Mercantil CA, CA de Seguros La Occidental, CNA de Seguros La Previsora, Mapfre la Seguridad CA de Seguros, Seguros Altamira CA, Seguros Federal CA, Seguros Qualitas, CA, Multinacional de Seguros CA..


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