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Colombia Insurance Report Q2 2016

Colombia Insurance Report Q2 2016

BMI View: The insurance sector in Colombia will continue to develop at a steady pace for the duration ofour medium-term forecast, as positive economic growth and rising levels of household and corporatespending provide a platform for growth in premiums. Local firms currently dominate underwriting activityin the country; however, we expect multinationals to play an increasingly important role as firms look totake advantage of what is a relatively untapped market. Product development and new distributionstrategies will be key to allowing insurers to attract sales among poorer communities.Colombia's life insurance market is an attractive option for multinational insurers given the country'sgrowing middle class, favourable demographics and rising income levels, not to mention low base effectsand low penetration, which provide ample scope for growth. Favourable legislation and growing demandfor retirement income products should lead to further opportunities over the next few years and should leadto further investment and new entrants from overseas.


BMI Industry View
Table: Headline Insurance Forecasts (Colombia 2013-2020)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Colombia 2013-2020)
Table: Life Insurance Claims, Colombia
Non-Life Premium Forecast
Table: Non-Life Premiums (Colombia 2013-2020)
Table: Non-Life Insurance Claims, Colombia
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Colombia 2013-2020)
Insurance Risk/Reward Index
Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q216
Market Overview
Life Market Overview
The Product Offering
The Competitive Landscape
Table: Life Insurance Market (USDmn) 2007-2013
Non-Life Market Overview
The Product Offering
The Competitive Landscape
Table: Non-Life Insurance Market (USDmn) 2007-2013
Company Profile
MAPFRE
Liberty
Seguros Bolívar
Seguros Colpatria
Suramericana
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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