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Axco provides details on the life insurance sector including Venezuelan market participants, reinsurance and distribution channels. The reports describe classes of business from both individual and group life such as whole life, endowment, term life and unit-linked.
Information on non-life classes for example critical illness and private medical insurance.

The report describes the public and private healthcare system in Venezuela, the scope of cover, accessibility financing and provides an analysis of how the public and private systems complement each other.

Axco reports on the three pillars of Venezuela pension provision.

• State pension benefits including benefit calculations and eligibility criteria 
• Workplace pension provision; types of schemes calculations eligibility and; tax implications
• Voluntary individual pension provision, type of products and tax implications

The Venezuela report provides an in-depth analysis of the regulatory framework governing social security as well as details on financing and eligibility. Information includes but is not limited to

• state pensions,
• permanent disability benefit
• occupational accident and disease
• maternity and paternity payments 

The life market remains very small in Venezuela and has contracted in real terms in recent years. In 2018 its VES 2.48bn (USD 54.22mn) premiums accounted for 9.53% of total market premiums. Healthcare insurances are generally much more of a priority for individuals, whose purchasing power had by 2018 been severely eroded by hyperinflation.

It once seemed that Venezuela would follow other Latin American countries in developing a private pensions market; however, successive governments since the 1980s were unsympathetic to the idea. The country does not therefore have a history of occupational pension plans, although it does offer other benefits under labour laws which have increasingly been in favour of ....

Private medical insurance (PMI) plays an important role in Venezuela, on both an individual and group basis, representing 72.43% of all insurances of the person premiums in 2018 and 29.4% of those for the whole market. Nevertheless, in real terms the account, like the insurance market as a whole, has contracted significantly ....