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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Venezuela non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Venezuela's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Venezuela non-life (P&C) market as well as trends by line of business. Axco analysts also report on Venezuela's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Venezuela's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Venezuela, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Venezuela, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Venezuela with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Ukraine's non-life market was ranked 55th globally in 2020 and could be considered a medium-sized emerging market. As in some other post-Soviet economies, insurance culture and product penetration remains quite low, especially in the consumer segment, but inclusive of personal accident and healthcare the market size has now achieved some critical mass having reached gross written premiums of USD 1.5bn, making it the second largest of the former soviet republics after Russia.
In 2020 the total non-life gross premium income ....
This is a brief extract of information; more updated information may be available in the latest published report.