1. Life Insurance in Venezuela, Key Trends and Opportunities to
2016
Report Details:
Published:December 2012
No. of Pages: 215
Price: Single User License – US$1950
Synopsis
The report provides in depth analysis, information and insights into the Venezuelan life insurance
segment, including:
• The Venezuelan life insurance segment’s growth prospects by life insurance categories and
customer segments
• The various distribution channels in the Venezuelan life insurance segment
• The competitive landscape in the Venezuelan life insurance segment
• A description of the life reinsurance segment in Venezuela
Summary
In terms of written premium, the life insurance segment accounted for the lowest share of the
Venezuelan insurance industry in 2011. The life segment grew at a CAGR of 31.7% during the
review period due to the introduction of mandatory funeral insurance and gradual improvements in
consumer purchasing power. Changes in the regulatory framework also supported the growth of
life insurance during the review period, increasing consumer confidence and encouraging life
insurance companies to invest in Venezuela. As a result, the Venezuelan life segment is expected
to grow at a CAGR of 25.7% over the forecast period. Life insurance in Venezuela is
predominantly distributed through agencies and insurance brokers.
Scope
This report provides a comprehensive analysis of the life insurance market in Venezuela:
• It provides historical values for Venezuela’s life insurance 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 life insurance market, along
with market forecasts until 2016
• 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

2. • 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 market in Venezuela and its growth prospects
• It profiles the top life 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 life insurance segment and each sub-segment within it
• Understand the demand-side dynamics, key segment 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 segment and its impact
on companies and the market''s future
Key Highlights
• In terms of written premium, the life insurance segment accounted for the lowest share of the
Venezuelan insurance industry in 2011.
• The life segment grew at a CAGR of 31.7% during the review period due to the introduction of
mandatory funeral insurance and gradual improvements in consumer purchasing power.
• Changes in the regulatory framework also supported the growth of life insurance during the
review period, increasing consumer confidence and encouraging life insurance companies to
invest in Venezuela.
• As a result, the Venezuelan life segment is expected to grow at a CAGR of 25.7% over the
forecast period.
• The gross written premium of the life insurance segment is expected to increase at a CAGR of
2.2% over the forecast period (2012?2016).
• Life insurance in Venezuela is predominantly distributed through agencies and insurance
brokers.
Get your copy of this report @
http://www.reportsnreports.com/reports/209410-life-insurance-in-venezuela-key-trends-and-opportunities-to-
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. 3.1 Insurance Industry Market Size, 2007–2016
3.2 Key Industry Trends and Drivers
3.2.1 Business drivers
3.2.2 Consumer drivers
4 Life Insurance Segment Outlook
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual general annuity category
4.1.3 Individual others category
4.1.4 Group life insurance category
4.2 Life Insurance Growth Prospects by Product Category
4.2.1 Individual single-premium products
4.2.2 Individual non-single-premium products
4.2.3 Group single-premium products
4.2.4 Group non-single-premium products
5 Analysis by Distribution Channel
5.1 Direct Marketing
5.2 Bancassurance
5.3 Agencies
5.4 E-Commerce
5.5 Brokers
5.6 Other Channels
6 Regulatory Policies
7 Porter’s Five Forces Analysis – Venezuelan Life Insurance
7.1 Bargaining Power of Supplier: Medium
7.2 Bargaining Power of Buyer: Medium to High
7.3 Barriers to Entry: Medium to High
7.4 Intensity of Rivalry: Medium
7.5 Threat of Substitutes: Low
8 Reinsurance Growth Dynamics and Challenges
8.1 Reinsurance segment size, 2007–2016
8.2 Reinsurance Segment Size by Insurance Segment, 2007–2016
9 Competitive Landscape and Strategic Insights
9.1 Overview
9.2 Leading Companies in the Venezuelan Life Insurance Segment
9.3 Seguros Horizonte CA – Company Overview
9.3.1 Seguros Horizonte CA – key facts
9.4 Zurich Seguros SA – Company Overview
9.4.1 Zurich Seguros, SA – key facts
9.5 Seguros la Fe, CA – Company Overview
9.5.1 Seguros la Fe, CA – Key Facts
9.6 Banesco Seguros CA – Company Overview

4. 9.6.1 Banesco Seguros CA – key facts
9.7 Seguros Mercantil CA – Company Overview
9.7.1 Seguros Mercantil CA – key facts
9.8 Seguros La Occidental – Company Overview
9.8.1 Seguros La Occidental – key facts
9.9 Mapfre la Seguridad CA – Company Overview
9.9.1 Mapfre la Seguridad, CA – key facts
10 Business Environment and Country Risk
10.1 Business Confidence
10.1.1 Market capitalization trend – Venezuela Stock Market (IBVC)
10.2 Economic Performance
10.2.1 GDP at constant prices (US$)
10.2.2 GDP per capita at constant prices (US$)
10.2.3 GDP at current prices (US$)
10.2.4 GDP per capita at current prices (US$)
10.2.5 GDP by key segments
10.2.6 Manufacturing net output at current prices (VEF)
10.2.7 Manufacturing net output at current prices (US$)
10.2.8 Manufacturing net output at current prices as a percentage of GDP
10.2.9 Mining, manufacturing and utilities net output at current prices (VEF)
10.2.10 Mining, manufacturing and utilities at current prices (US$)
10.2.11 Mining, manufacturing and utilities at current prices, as a percentage of GDP
10.2.12 Construction net output at current prices (VEF)
10.2.13 Construction net output at current prices, (US$)
10.2.14 Construction net output at current prices as a percentage of GDP
10.2.15 Inflation rate
10.2.16 Current account balance as a percentage of GDP
10.2.17 Exports as a percentage of GDP
10.2.18 Imports as a percentage of GDP
10.2.19 Exports growth
10.2.20 Imports growth
10.2.21 External debt
10.2.22 Annual average exchange rate US$–VEF
10.2.23 End-of-period exchange rate US$–VEF
10.3 Infrastructure Quality and Availability
10.3.1 Total airports and sea ports
10.3.2 Railways and roadways
10.3.3 Passenger vehicle production volume
10.3.4 Commercial vehicle production volume
10.3.5 Automotive component exports trend
10.3.6 Automotive component imports trend
10.3.7 Passenger car penetration

5. 10.3.8 Healthcare expenditure
10.3.9 Healthcare expenditure as a percentage of GDP
10.3.10 Healthcare expenditure per capita
10.3.11 Total internet subscribers
10.4 Labor Force
10.4.1 Labor force
10.4.2 Unemployment rate
10.5 Demographics
10.5.1 Annual disposable income
10.5.2 Annual per capita disposable income
10.5.3 Total population
10.5.4 Urban and rural population
10.5.5 Female percentage of the population
10.5.6 Male percentage of the population
10.5.7 Mean age of the population
10.5.8 Median age of the population
10.5.9 Population density
10.5.10 Age distribution of the total population
10.5.11 Age distribution of the male population
10.5.12 Age distribution of the female population
10.5.13 Number of households
10.6 Political and Social Risk
10.6.1 Political stability
10.6.2 Terrorism index
10.6.3 Transparency index
11 Appendix
11.1 Methodology
11.2 Contact Us
11.3 About Timetric
11.4 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
Table 7: Venezuelan Life Insurance – Written Premium by Category (VEF Billion), 2007–2011
Table 8: Venezuelan Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 9: Venezuelan Life Insurance – Written Premium by Category (VEF Billion), 2011–2016
Table 10: Venezuelan Life Insurance – Written Premium by Category (US$ Billion), 2011–2016

6. Table 11: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2007–2011
Table 12: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2011–2016
Table 13: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2007–2011
Table 14: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2011–2016
Table 15: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2007–2011
Table 16: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2011–2016
Table 17: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2007–2011
Table 18: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2011–2016
Table 19: Venezuelan Life Insurance – Loss Ratio (%), 2007–2011
Table 20: Venezuelan Life Insurance – Loss Ratio (%), 2011–2016
Table 21: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2007–2011
Table 22: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2011–2016
Table 23: Venezuelan Life Insurance – Combined Ratio (%), 2007–2011
Table 24: Venezuelan Life Insurance – Combined Ratio (%), 2011–2016
Table 25: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2007–2011
Table 26: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2011–2016
Table 27: Venezuelan Life Insurance – Total Assets (VEF Billion), 2007–2011
Table 28: Venezuelan Life Insurance – Total Assets (VEF Billion), 2011–2016
Table 29: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2007–2011
Table 30: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2011–2016
Table 31: Venezuelan Life Insurance – Retentions (VEF Billion), 2007–2011
Table 32: Venezuelan Life Insurance – Retentions (VEF Billion), 2011–2016
Table 33: Venezuelan Individual Life Insurance Category – Number of Active Policies (Thousand),
2007–2011
Table 34: Venezuelan Individual Life Insurance Category – Number of Active Policies, 2011–2016
Table 35: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),
2007–2011
Table 36: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),
2011–2016
Table 37: Venezuelan Individual General Annuity Category – Number of Active Policies
(Thousand), 2007–2011
Table 38: Venezuelan Individual General Annuity Category – Number of Active Policies
(Thousand), 2011–2016
Table 39: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),
2007–2011
Table 40: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),
2011–2016
Table 41: Venezuelan Individual Others Category – Number of Active Policies (Thousand),
2007–2011
Table 42: Venezuelan Individual Others Category – Number of Active Policies (Thousand),
2011–2016
Table 43: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2007–2011

7. Table 44: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2011–2016
Table 45: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),
2007–2011
Table 46: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),
2011–2016
Table 47: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),
2007–2011
Table 48: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),
2011–2016
Table 49: Venezuelan Individual Single-Premium Products – Number of Active Policies
(Thousand), 2007–2011
Table 50: Venezuelan Individual Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Table 51: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Table 52: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Table 53: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies
(Thousand), 2007–2011
Table 54: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Table 55: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Table 56: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Table 57: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),
2007–2011
Table 58: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),
2011–2016
Table 59: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),
2007–2011
Table 60: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),
2011–2016
Table 61: Venezuelan Group Non-Single-Premium Products – Number of Active Policies
(Thousand), 2007–2011
Table 62: Venezuelan Group Non-Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Table 63: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Table 64: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Table 65: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),

8. 2007–2011
Table 66: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),
2011–2016
Table 67: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing
(VEF Million), 2007–2011
Table 68: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing
(VEF Million), 2011–2016
Table 69: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),
2007–2011
Table 70: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),
2011–2016
Table 71: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Table 72: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Table 73: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),
2007–2011
Table 74: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),
2011–2016
Table 75: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance
(VEF Million), 2007–2011
Table 76: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance
(VEF Million), 2011–2016
Table 77: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),
2007–2011
Table 78: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),
2011–2016
Table 79: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2007–2011
Table 80: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2011–2016
Table 81: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2007–2011
Table 82: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2011–2016
Table 83: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEF
Billion), 2007–2011
Table 84: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEF
Billion), 2011–2016
Table 85: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),
2007–2011
Table 86: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),
2011–2016
Table 87: Venezuelan Life Insurance – Number of Agencies, 2007–2011
Table 88: Venezuelan Life Insurance – Number of Agencies, 2011–2016
Table 89: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),
2007–2011
Table 90: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),

9. 2011–2016
Table 91: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce
(VEF Thousand), 2007–2011
Table 92: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce
(VEF Thousand), 2011–2016
Table 93: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),
2007–2011
Table 94: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),
2011–2016
Table 95: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2007–2011
Table 96: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2011–2016
Table 97: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2007–2011
Table 98: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2011–2016
Table 99: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEF
Billion), 2007–2011
Table 100: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEF
Billion), 2011–2016
Table 101: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),
2007–2011
Table 102: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),
2011–2016
Table 103: Venezuelan Life Insurance – Number of Brokers, 2007–2011
Table 104: Venezuelan Life Insurance – Number of Brokers, 2011–2016
Table 105: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),
2007–2011
Table 106: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),
2011–2016
Table 107: Venezuelan Life Insurance – New Business Written Premium Through Other Channels
(VEF Million), 2007–2011
Table 108: Venezuelan Life Insurance – New Business Written Premium Through Other Channels
(VEF Million), 2011–2016
Table 109: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),
2007–2011
Table 110: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),
2011–2016
Table 111: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2007–2011
Table 112: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2011–2016
Table 113: Reinsurance in Venezuela by Category (VEF Billion), 2007–2011
Table 114: Reinsurance in Venezuela by Category (US$ Billion), 2007–2011
Table 115: Reinsurance in Venezuela by Category (VEF Billion), 2011–2016
Table 116: Reinsurance in Venezuela by Category (US$ Billion), 2011–2016
Table 117: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),

10. 2007–2011
Table 118: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),
2007–2011
Table 119: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (VEF Billion),
2011–2016
Table 120: Venezuelan Premium Ceded to Reinsurance by Type of Insurance (US$ Billion),
2011–2016
Table 121: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 122: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 123: Venezuelan Life Insurance – Market Shares (%), 2011
Table 124: Seguros Horizonte CA, Key Facts
Table 125: Zurich Seguros, SA, Key Facts
Table 126: Seguros la Fe, CA, Key Facts
Table 127: Banesco Seguros CA, Key Facts
Table 128: Seguros Mercantil CA, Key Facts
Table 129: Seguros La Occidental, Key Facts
Table 130: Mapfre la Seguridad, CA, Key Facts
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 Life Insurance – Written Premium by Category (VEF Billion), 2007–2016
Figure 4: Venezuelan Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 5: Venezuelan Life Insurance – Dynamics by Category, 2007–2016
Figure 6: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2007–2011
Figure 7: Venezuelan Life Insurance – Earned Premium (VEF Billion), 2011–2016
Figure 8: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2007–2011
Figure 9: Venezuelan Life Insurance – Sum Assured (VEF Billion), 2011–2016
Figure 10: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2007–2011
Figure 11: Venezuelan Life Insurance – Paid Claims (VEF Billion), 2011–2016
Figure 12: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2007–2011
Figure 13: Venezuelan Life Insurance – Incurred Loss (VEF Billion), 2011–2016
Figure 14: Venezuelan Life Insurance – Loss Ratio (%), 2007–2011
Figure 15: Venezuelan Life Insurance – Loss Ratio (%), 2011–2016
Figure 16: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2007–2011
Figure 17: Venezuelan Life Insurance – Commissions and Expenses (VEF Billion), 2011–2016
Figure 18: Venezuelan Life Insurance – Combined Ratio (%), 2007–2011
Figure 19: Venezuelan Life Insurance – Combined Ratio (%), 2011–2016
Figure 20: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2007–2011
Figure 21: Venezuelan Life Insurance – Frauds and Crimes (VEF Billion), 2011–2016
Figure 22: Venezuelan Life Insurance – Total Assets (VEF Billion), 2007–2011
Figure 23: Venezuelan Life Insurance – Total Assets (VEF Billion), 2011–2016

11. Figure 24: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2007–2011
Figure 25: Venezuelan Life Insurance – Total Investment Income (VEF Million), 2011–2016
Figure 26: Venezuelan Life Insurance – Retentions (VEF Billion), 2007–2011
Figure 27: Venezuelan Life Insurance – Retentions (VEF Billion), 2011–2016
Figure 28: Venezuelan Life Insurance – Investment Portfolio (VEF Billion), 2007–2011
Figure 29: Venezuelan Life Insurance – Investment Portfolio, 2007 and 2011
Figure 30: Venezuelan Life Insurance – Penetration (% of GDP), 2007–2011
Figure 31: Venezuelan Life Insurance – Density (Number of Policies per Capita), 2007–2011
Figure 32: Venezuelan Life Insurance – Number of Active Policies (Thousand), 2007–2011
Figure 33: Venezuelan Life Insurance – Number of Active Policies (Thousand), 2011–2016
Figure 34: Venezuelan Life Insurance – Premium Per Capita (VEF), 2007–2011
Figure 35: Venezuelan Individual Life Insurance Category – Number of Active Policies
(Thousand), 2007–2011
Figure 36: Venezuelan Individual Life Insurance Category – Number of Active Policies
(Thousand), 2011–2016
Figure 37: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),
2007–2011
Figure 38: Venezuelan Individual Life Insurance Category – Written Premium (VEF Billion),
2011–2016
Figure 39: Venezuelan Individual General Annuity Category – Number of Active Policies
(Thousand), 2007–2011
Figure 40: Venezuelan Individual General Annuity Category – Number of Active Policies
(Thousand), 2011–2016
Figure 41: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),
2007–2011
Figure 42: Venezuelan Individual General Annuity Category – Written Premium (VEF Million),
2011–2016
Figure 43: Venezuelan Individual Others Category – Number of Active Policies (Thousand),
2007–2011
Figure 44: Venezuelan Individual Others Category – Number of Active Policies (Thousand),
2011–2016
Figure 45: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2007–2011
Figure 46: Venezuelan Individual Others Category – Written Premium (VEF Billion), 2011–2016
Figure 47: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),
2007–2011
Figure 48: Venezuelan Group Life Insurance Category – Number of Active Policies (Thousand),
2011–2016
Figure 49: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),
2007–2011
Figure 50: Venezuelan Group Life Insurance Category – Written Premium (VEF Billion),
2011–2016
Figure 51: Venezuelan Individual Single-Premium Products – Number of Active Policies

12. (Thousand), 2007–2011
Figure 52: Venezuelan Individual Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Figure 53: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Figure 54: Venezuelan Individual Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Figure 55: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies
(Thousand), 2007–2011
Figure 56: Venezuelan Individual Non-Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Figure 57: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Figure 58: Venezuelan Individual Non-Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Figure 59: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),
2007–2011
Figure 60: Venezuelan Group Single-Premium Products – Number of Active Policies (Thousand),
2011–2016
Figure 61: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),
2007–2011
Figure 62: Venezuelan Group Single-Premium Products – Written Premium (VEF Million),
2011–2016
Figure 63: Venezuelan Group Non-Single-Premium Products – Number of Active Policies
(Thousand), 2007–2011
Figure 64: Venezuelan Group Non-Single-Premium Products – Number of Active Policies
(Thousand), 2011–2016
Figure 65: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),
2007–2011
Figure 66: Venezuelan Group Non-Single-Premium Products – Written Premium (VEF Billion),
2011–2016
Figure 67: Venezuelan Life Insurance – New Business Written Premium by Distribution Channel
(% Share), 2011 and 2016
Figure 68: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),
2007–2011
Figure 69: Venezuelan Life Insurance – Direct Marketing Commission Paid (VEF Million),
2011–2016
Figure 70: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing
(VEF Million), 2007–2011
Figure 71: Venezuelan Life Insurance – New Business Written Premium Through Direct Marketing
(VEF Million), 2011–2016
Figure 72: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),

13. 2007–2011
Figure 73: Venezuelan Life Insurance – New Policies Sold Through Direct Marketing (Thousand),
2011–2016
Figure 74: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2007–2011
Figure 75: Venezuelan Life Insurance – Number of Direct Marketing Distributors, 2011–2016
Figure 76: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),
2007–2011
Figure 77: Venezuelan Life Insurance – Bancassurance Commission Paid (VEF Million),
2011–2016
Figure 78: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance
(VEF Million), 2007–2011
Figure 79: Venezuelan Life Insurance – New Business Written Premium Through Bancassurance
(VEF Million), 2011–2016
Figure 80: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),
2007–2011
Figure 81: Venezuelan Life Insurance – New Policies Sold Through Bancassurance (Thousand),
2011–2016
Figure 82: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2007–2011
Figure 83: Venezuelan Life Insurance – Number of Bancassurance Distributors, 2011–2016
Figure 84: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2007–2011
Figure 85: Venezuelan Life Insurance – Commission Paid to Agencies (VEF Million), 2011–2016
Figure 86: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEF
Billion), 2007–2011
Figure 87: Venezuelan Life Insurance – New Business Written Premium Through Agencies (VEF
Billion), 2011–2016
Figure 88: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),
2007–2011
Figure 89: Venezuelan Life Insurance – New Policies Sold Through Agencies (Thousand),
2011–2016
Figure 90: Venezuelan Life Insurance – Number of Agencies, 2007–2011
Figure 91: Venezuelan Life Insurance – Number of Agencies, 2011–2016
Figure 92: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),
2007–2011
Figure 93: Venezuelan Life Insurance – E-Commerce Commission Paid (VEF Thousand),
2011–2016
Figure 94: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce
(VEF Thousand), 2007–2011
Figure 95: Venezuelan Life Insurance – New Business Written Premium Through E-Commerce
(VEF Thousand), 2011–2016
Figure 96: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),
2007–2011
Figure 97: Venezuelan Life Insurance – New Policies Sold Through E-Commerce (Thousand),

14. 2011–2016
Figure 98: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2007–2011
Figure 99: Venezuelan Life Insurance – Number of E-Commerce Distributors, 2011–2016
Figure 100: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2007–2011
Figure 101: Venezuelan Life Insurance – Commission Paid to Brokers (VEF Million), 2011–2016
Figure 102: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEF
Billion), 2007–2011
Figure 103: Venezuelan Life Insurance – New Business Written Premium Through Brokers (VEF
Billion), 2011–2016
Figure 104: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),
2007–2011
Figure 105: Venezuelan Life Insurance – New Policies Sold Through Brokers (Thousand),
2011–2016
Figure 106: Venezuelan Life Insurance – Number of Brokers, 2007–2011
Figure 107: Venezuelan Life Insurance – Number of Brokers, 2011–2016
Figure 108: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),
2007–2011
Figure 109: Venezuelan Life Insurance – Commission Paid to Other Channels (VEF Million),
2011–2016
Figure 110: Venezuelan Life Insurance – New Business Written Premium Through Other
Channels (VEF Million), 2007–2011
Figure 111: Venezuelan Life Insurance – New Business Written Premium Through Other
Channels (VEF Million), 2011–2016
Figure 112: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),
2007–2011
Figure 113: Venezuelan Life Insurance – New Policies Sold Through Other Channels (Thousand),
2011–2016
Figure 114: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2007–2011
Figure 115: Venezuelan Life Insurance – Number of Distributors in Other Channels, 2011–2016
Figure 116: Venezuelan Life Insurance – Porter’s Five Forces Analysis
Figure 117: Venezuelan Premium Ceded to Reinsurance by Category (VEF Billion), 2007–2016
Figure 118: Venezuelan Premium Ceded to Reinsurance by Category (% Share), 2011 and 2016
Figure 119: Venezuelan Reinsurance Market Dynamics by Category, 2007–2016
Figure 120: Venezuelan Premium Ceded to Reinsurance by Segment (VEF Billion), 2007–2016
Figure 121: Venezuelan Reinsurance – Dynamics by Segment, 2007–2016
Figure 122: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 123: Venezuelan Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 124: Venezuelan Life Insurance – Market Shares (%), 2011
Figure 125: Venezuela Stock Exchange Market Capitalization (US$ Billion), 2007–2011
Figure 126: Venezuelan GDP at Constant Prices (US$ Billion), 2007–2011
Figure 127: Venezuelan GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 128: Venezuelan GDP at Current Prices (US$ Billion), 2007–2011

15. Figure 129: Venezuelan GDP Per Capita at Current Prices (US$), 2007–2011
Figure 130: Venezuelan GDP by Key Segments (%) 2009 and 2011
Figure 131: Venezuelan Manufacturing Net Output at Current Prices (VEF Billion), 2007–2011
Figure 132: Venezuelan Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 133: Venezuelan Manufacturing Net Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 134: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (VEF
Billion), 2007–2011
Figure 135: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices (US$
Billion), 2007–2011
Figure 136: Venezuelan Mining, Manufacturing and Utilities Net Output at Current Prices as a
Percentage of GDP (%), 2007–2011
Figure 137: Venezuelan Construction Net Output at Current Prices (VEF Billion), 2007–2011
Figure 138: Venezuelan Construction Net Output at Current Prices (US$ Billion), 2007– 2011
Figure 139: Venezuelan Construction Output at Current Prices as a Percentage of GDP (%),
2007–2011
Figure 140: Venezuelan Inflation Rate (%), 2007–2011
Figure 141: Venezuelan Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 142: Venezuelan Exports as a Percentage of GDP (%), 2007–2011
Figure 143: Venezuelan Imports as a Percentage of GDP (%), 2007–2011
Figure 144: Venezuelan Exports Growth (%), 2007–2011
Figure 145: Venezuelan Imports Growth (%), 2007–2011
Figure 146: Venezuelan External Debt as a Percentage of GDP, 2007–2011
Figure 147: Venezuelan Annual Average Exchange Rate US$–VEF, 2007–2011
Figure 148: Venezuelan End-of-Period Exchange Rate US$–VEF, 2007–2011
Figure 149: Total Number of Venezuelan Airports and Sea Ports, 2011
Figure 150: Venezuelan Railways and Roadways (Kilometers), 2011
Figure 151: Venezuelan Passenger Vehicle Production, 2007–2011
Figure 152: Venezuelan Commercial Vehicle Production, 2007–2011
Figure 153: Venezuelan Automotive Component Exports (US$ Billion), 2007–2011
Figure 154: Venezuelan Automotive Component Imports (US$ Billion), 2007–2011
Figure 155: Venezuelan Passenger Car Penetration (per Thousand People), 2007–2011
Figure 156: Venezuelan Healthcare Expenditure (US$ Billion), 2007–2011
Figure 157: Venezuelan Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 158: Venezuelan Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 159: Venezuelan Internet Subscriptions (Millions), 2007–2011
Figure 160: Venezuelan Labor Force in the 15–59 Age Group (Million), 2007–2011
Figure 161: Venezuelan Unemployment Rate (%), 2007–2011
Figure 162: Venezuelan Annual Disposable Income (US$ Billion), 2007–2011
Figure 163: Venezuelan Annual Per Capita Disposable Income (US$), 2007–2011
Figure 164: Venezuelan Total Population (Million), 2007–2011
Figure 165: Venezuelan Urban and Rural Population (%), 2007–2011

16. Figure 166: Venezuelan Females as a Percentage of the Population (%), 2007–2011
Figure 167: Venezuelan Males as a Percentage of the Population (%), 2007–2011
Figure 168: Venezuelan Mean Age of the Population (Years), 2007–2011
Figure 169: Venezuelan Median Age of the Population (Years), 2007–2011
Figure 170: Venezuelan Population Density (per Square Kilometer), 2007–2011
Figure 171: Venezuelan Population Distribution by Age (%), 2007–2011
Figure 172: Venezuelan Male Population Distribution by Age (%), 2007–2011
Figure 173: Venezuelan Female Population Distribution by Age (%), 2007–2011
Figure 174: Venezuelan Number of Households, 2007–2011
Figure 175: Global Terrorism Heat Map, 2011
Figure 176: Venezuelan Transparency Index, 2007–2011
Contact: sales@reportsandreports.com for more information.