DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/mb8htg/nonlife) has announced the addition of the "Non-Life Insurance in Venezuela, Key Trends and Opportunities to 2018" report to their offering.
'Non-Life Insurance in the Venezuela, Key Trends and Opportunities to 2018' report provides detailed analysis of the market trends, drivers, challenges in the Venezuelan non-life insurance segment. It provides values of a number of Key Performance Indicators (KPI) 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.
- Non-life insurance was the largest segment in the Venezuelan insurance industry in 2013, accounting for 51.0% of its total gross written premium.
- Growth in the segment can be attributed to growth in the commercial, industrial and residential construction markets, the population and disposable income, and compulsory motor insurance.
- Motor insurance was the leading category in the non-life insurance segment, accounting for 69.6% of the segment's gross written premium in 2013.
- Non-life insurance is distributed through various channels of which insurance brokers accounted for the highest share with 69.0% of the segment's gross written premium in 2013.
- Declining motor sales affecting the motor insurance business.
- Expanding construction industry to generate business for property insurance over the forecast period.
Key Topics Covered:
1 Key Facts and Events
2 Executive Summary
4 Venezuelan Insurance Industry Attractiveness
5 Non-Life Insurance Outlook
6 Analysis by Distribution Channel
7 Governance, Risk and Compliance
8 Competitive Landscape and Strategic Insights
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For more information visit http://www.researchandmarkets.com/research/mb8htg/nonlife