Venezuela

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

Insurance Association
Camara de Aseguradores de Venezuela
Web: www.camaraseg.org

 

POPULATION, 2011-2014 (1)

Year Population
2011 27,635,743
2012 28,047,938
2013 28,459,085
2014 28,868,486

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

GROSS DOMESTIC PRODUCT, 2010-2014 (1)

(U.S. $ billions)

Year GDP
2010 $355.2
2011 344.2
2012 368.8
2013 407.4
2014 545.7

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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LIFE AND NONLIFE INSURANCE PREMIUMS, 2014

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $21,937
Life premiums 727
Total premiums $22,665
Percent of total world premiums 0.47%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 4/2015.

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LEADING NONLIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company VEF Mn USD Mn
Caracas de Liberty Mutual  57,353.1 9,126.6
Mercantil  39,016.8 6,208.7
Horizonte  33,095.9 5,266.5
MAPFRE La Seguridad  18,346.8 2,919.5
Previsora  17,339.0 2,759.1
Occidental  17,166.9 2,731.8
Piramide  15,550.9 2,474.6
Altamira  11,618.3 1,848.8
Universitas  11,477.3 1,826.4
Estar  11,197.1 1,781.8

Source: Axco Insurance Information Services.

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LEADING LIFE INSURANCE COMPANIES, 2015

 

  Gross written premiums
Company VEF Mn USD Mn
Caracas de Liberty Mutual  57,353.1 9,126.6
Mercantil  39,016.8 6,208.7
Horizonte  33,095.9 5,266.5
MAPFRE La Seguridad  18,346.8 2,919.5
Previsora  17,339.0 2,759.1
Occidental  17,166.9 2,731.8
Piramide  15,550.9 2,474.6
Altamira  11,618.3 1,848.8
Universitas  11,477.3 1,826.4
Estar  11,197.1 1,781.8

Source: Axco Insurance Information Services.

View Archived Tables