Venezuela faces substantial challenges ahead of the July 2024 elections, with high levels of crime and potential civil unrest. Ranked 24th on the Global Organised Crime Index, the country struggles with violent crime and disappearances, despite a reported decrease in violent deaths. Organised crime groups, like the Aragua Train, extend their influence into neighbouring countries, while President Maduro’s regime is under investigation by the International Criminal Court for crimes against humanity.

Kidnapping and human trafficking remain significant concerns, particularly in Caracas and surrounding areas. Corruption is severe, ranking Venezuela among the most corrupt countries globally, with widespread impunity and a lack of judicial independence. Recent political tensions over the Essequibo region further complicate the situation, with Maduro’s aggressive stance potentially leading to regional conflict. The upcoming elections and government responses will be crucial in shaping Venezuela’s near-term future.

For business travellers, or for corporations who have staff stationed in the country, the threat levels are high, especially within the the current political climate. Our partners, Crisis24 have sent over a detailed report that may be of use to your clients and we urge you to check your clients have special risks insurance in place to make sure that they have the right level of cover for their needs.

Get in touch today to see how we can help.