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Home>Reinsurance in Venezuela, Key Trends and Opportunities to 2020 - Research and Markets

Reinsurance in Venezuela, Key Trends and Opportunities to 2020 - Research and Markets

Reinsurance in Venezuela, Key Trends and Opportunities to 2020 - Research and Markets

10/03/2017

Reinsurance in Venezuela, Key Trends and Opportunities to 2020 - Research and Markets

The "Reinsurance in Venezuela, Key Trends and Opportunities to 2020" report has been added to Research and Markets' offering.

The 'Reinsurance in Venezuela, Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Venezuelan reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011-2015) and forecast period (2015-2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Venezuelan economy and demographics, and provides detailed analysis of natural hazards and their impact on the Venezuelan insurance industry.

The report brings together research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Key Highlights:

  • On February 5, 2016, Superintendencia de la Actividad Aseguradora (Sudeaseg, Superintendent of Insurance Activity) and Ministerio para Economa, Finanzas y Banca Pblica (Finance and State Bank Ministry) introduced a supervisory levy for reinsurers, at a rate of 2.5% on their collected insurance premium.
  • On December 30, 2015, a new Insurance Activity Law which was passed in which the government amended the minimum capital requirement for insurance companies (Article 19 of the Insurance Activities Act 2010).
  • The non-life segment accounted for the highest premium ceded in 2015, with 23.1% of the non-life segment's total, followed by the life segment with 9.1% and the personal accident and health segment with 9.2%.

Key Topics Covered: 1 Key Facts And Highlights

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