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Best Health Insurance in Venezuela

6 insurers ranked and reviewed · Updated May 2026

Sources:SUDEASEGConectaSegurosVe.comSegurosLAM.com

Healthcare System Overview

Venezuela's health system has been severely impacted by the economic and political crisis. The public system (IVSS — Instituto Venezolano de los Seguros Sociales) is largely dysfunctional. Private health insurance (HCM — Hospitalizacion, Cirugia y Maternidad) has become essential for those who can afford it. HCM policies account for 44.94% of total insurance premiums. Many policies now offer payment in US dollars due to the dollarized economy.

Mercantil Seguros

Mercantil C.A. Seguros

private800K members

85Score

SUDEASEG: #1 Market Share(2024)

★★★☆☆3.5satisfaction

Market Share

26.37%

Parent Group

Mercantil Servicios Financieros

Plan Tiers

Basic and Platinum HCM

Venezuela's largest insurer by premium volume (26.37% share)
Part of Mercantil banking group established 1925
Both basic and platinum HCM plans available
Digital platform and mobile app for claims

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Seguros Caracas

Caracas C.A. de Seguros

private600K members

78Score

SUDEASEG: #2 Market Share(2024)

★★★☆☆3.4satisfactionFinancial strength: Liberty Mutual (international)

Market Share

19.91%

Parent Group

Liberty Mutual

Customer Service

24/7

Second largest insurer in Venezuela (19.91% share)
Liberty Mutual international backing
Long Venezuelan heritage
Digital platform available for policyholders

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Seguros Internacional

Internacional de Seguros C.A.

private250K members

72Score

SUDEASEG: 3rd Largest Insurer(2024)

★★★☆☆3.3satisfaction

Market Share

6.81%

Market Position

3rd largest

Products

HCM + multi-line

Third largest insurer in Venezuela (6.81% share)
Established market player with long track record
HCM and multi-line insurance products
Competitive positioning in Venezuelan market

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Mapfre La Seguridad

Mapfre La Seguridad C.A. de Seguros

private200K members

72Score

SUDEASEG: Top 5 Insurer(2024)

★★★☆☆3.5satisfactionFinancial strength: Mapfre S.A. (S&P: A)

Market Share

4.32%

Parent Group

Mapfre S.A. (Spain)

Financial Rating

S&P: A (parent)

Part of global Mapfre group from Spain
International standards and processes
Multi-line coverage (health, auto, property, etc.)
Spanish parent company provides financial stability

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Seguros Oceanica

Oceanica de Seguros C.A.

private200K members

68Score

SUDEASEG: 4th Largest Insurer(2024)

★★★☆☆3.3satisfaction

Market Share

5.15%

Products

Adapted HCM

Pricing Tier

Competitive

Fourth largest insurer in Venezuela (5.15% share)
Adapted HCM products for Venezuelan market
Competitive pricing
Established market position

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La Venezolana de Seguros

La Venezolana de Seguros y Vida C.A.

private150K members

65Score

ConectaSeguros: Historic Brand(2026)

★★★☆☆3.4satisfaction

Founded

1893 (130+ years)

Payment Options

Dollar and Bolivar

Digital Platform

Yes (mobile app)

One of Venezuela's oldest insurance companies (since 1893)
Digital platforms and mobile apps for modern access
Dollar and bolivar payment options
Strong heritage brand trusted for 130+ years

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About Health Insurance in Venezuela

Our editorial team has evaluated and ranked the top 6 health insurers in Venezuela based on editorial ratings from trusted sources, customer satisfaction, financial strength, and coverage quality. Rankings are updated regularly to reflect the latest market changes.

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