Personal Accident and Health Insurance in Venezuela, Key Trends and Opportunities to 2018


#287558

191pages

Timetric

$ 1950

In Stock

Synopsis

Timetric’s 'Personal Accident and Health Insurance in the Venezuela, Key Trends and Opportunities to 2018' 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 category
  • Key trends, drivers and challenges for the personal accident and health insurance segment
  • The various distribution channels in the Venezuelan personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Venezuela
  • Detailed regulatory policies of the Venezuelan insurance industry
  • Analysis of various consumer segments in Venezuelan personal accident and health insurance
Executive summary

Timetric’s 'Personal Accident and Health Insurance in the Venezuela, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Venezuelan personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions during the review period (2009–2013) and forecast period (2013–2018). The report also analyzes distribution channels operating in the segment, and provides detailed information on the competitive landscape in the country. 

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Venezuela:
  • It provides historical values for the Venezuelan personal accident and health insurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Venezuelan personal accident and health insurance segment, along with market forecasts until 2018.
  • 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.
  • 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 in the Venezuelan personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify the growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Venezuelan insurance industry and their impact on companies and the industry's future.

Key highlights

  • The personal health and accident segment was the second-largest segment in the Venezuelan insurance industry in 2013, accounting for 45.8% of the industry’s gross written premium.
  • Health insurance accounted for the largest share of the total personal accident and health gross written premium in 2013, with 95.6%.
  • The growth of the segment was partly due to residents’ growing preference for private hospitals for emergency treatment.
  • Increasing volume of outbound tourists to drive travel insurance.
  • Insurance brokers were the most popular distribution channel.
  • Statuary health insurance leaves less scope for private insurers.
  • Economic factors such as the growing population and economic expansion will support the segment to grow over the forecast period.