Colombia Insurance Q1 2019
Colombia's insurance industry is relatively well developed with a range of domestic, regional and multinational carriersoffering a broad cross-section of products to cater to all key lines. The growth outlook for the market is positive. Accelerating realGDP growth, bolstered by rising consumption and robust investment, will result in an uptick in demand from both individual andcorporate consumers resulting in strong gains in terms of written premiums, as well as density and penetration rates. That beingsaid, a lack of affordability among many households will continue to exclude some of the potential consumer base.
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