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Colombia Insurance Report Q4 2015

Colombia Insurance Report Q4 2015

BMI View: Colombia's insurance market is growing at a steady pace with premiums expanding at rapidclip year on year in local currency terms. The main drivers of the market include rising income levels andhousehold spending, while a plethora of locally-based multinational insurers have been investing in productdevelopment and strengthening their distribution strategies. Going forward, we expect premiums tocontinue along this trajectory as an increasing number of multinational providers enter the market.

Colombia boasts one of the larger insurance sectors in Latin America, with the market expandingconsiderably over the past decade to include a number of new entrants from overseas, all of which bringingadditional capital. In global terms, Colombia still ranks as a medium-sized market, however, which is areflection of the fact that insurance penetration and density are both fairly low. Until now, the developmentof the insurance industry has been constrained by high poverty levels and the limited number of householdsin a position to afford to buy insurance of organised savings products. In USD terms, growth in premiumshas also been severely affected by the weakness of the Colombian peso over recent quarters.


BMI Industry View
SWOT
Political
Economic
Operational Risk
Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Colombia 2012-2019)
Table: Net Life Premiums Written (Colombia 2012-2019)
Life Claims
Table: Life Insurance Claims (Colombia 2007-2014)
Life Insurers' Assets
Table: Assets (Colombia 2007-2014)
Life Insurance Drivers
Table: Life Expectancy by Gender (Colombia 2012-2019)
Table: Demographic Breakdown (Colombia 2012-2019)
Non-Life Premiums Forecast
Table: Gross Non-Life Premiums Written (Colombia 2012-2019)
Table: Net Non-Life Premiums Written (Colombia 2012-2019)
Reinsurance Premiums
Table: Reinsurance Non-Life Premiums Written (Colombia 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Colombia 2007-2014)
Table: Non-Life Insurance Claims by Line (Colombia 2007-2014)
Non-Life Insurers' Assets
Table: Assets (Colombia 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Colombia 2012-2019)
Motor Vehicle Insurance
Table: Motor Vehicle Insurance (Colombia 2012-2019)
Table: Insurance Key Drivers, Autos (Colombia 2012-2019)
Transport Insurance
Table: Transport Insurance (Colombia 2012-2019)
Table: Colombia Freight Tonnage, 2012-2019
Property Insurance
Table: Property Insurance (Colombia 2012-2019)
Health Insurance
Table: Health Insurance (Colombia 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Colombia 2012-2019)
General Liability Insurance
Table: General Liability Insurance (Colombia 2012-2019)
Industry Risk Reward Ratings
Latin America Insurance Risk/Reward Index
Table: Latin America and the Caribbean Insurance Risk/Reward Index
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
Demographic Forecast
Table: Population Headline Indicators (Colombia 1990-2025)
Table: Key Population Ratios (Colombia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Colombia 1990-2025)
Table: Population By Age Group (Colombia 1990-2025)
Table: Population By Age Group % (Colombia 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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