Figure · Insurance in hard numbers
Venezuelan insurance billed $1,132 million in 2025, and grows less every year
The Venezuelan insurance sector collected $1,132 million in premiums in 2025. In 2021 it collected $515.4 million. It grew 119% in five years, in hard currency.
The pace, however, falls every year without exception: 39.7%, 20.5%, 17.1% and 11.4%.
One warning before quoting sector figures. The most cited one, $652.9 million, covers January to June 2026. Using it as an annual figure understates the market by half.
The regulator publishes in bolivars. The dollar figures are the study’s conversion, month by month, at the average rate. The series that converts the year-to-date total at the closing rate falls 32% in 2025.
For a C-suite executive, the news is the slope. A plan that projects 2022 growth overestimates the market ahead.
- $1,132 million
- in premiums is what the sector collected in 2025
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
- $515.4 million
- in premiums is what the sector collected in 2021
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
- 119%
- is how much premiums grew in five years, in hard currency
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
- 39.7%, 20.5%, 17.1% and 11.4%
- was the annual growth of premiums from 2022 to 2025
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
- −32%
- is the 2025 fall of the series that converts the year-to-date total at the closing rate, against +11% in the study's series
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
- $652.9 million
- is the sector's most cited figure, and it covers a half-year, not the full year
- Source: C4Accel study, series Insurance in hard numbers · medium confidence
Read the article: Venezuelan insurers do not make money insuring: they make it in the treasury