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Liability Insurance in Colombia to 2021: Market Size, Growth and Forecast Analytics

Liability Insurance in Colombia to 2021: Market Size, Growth and Forecast Analytics

Synopsis

Timetric’s "Liability Insurance in Colombia to 2021: Market Size, Growth and Forecast Analytics" contains detailed historic and forecast data covering Liability Insurance in Colombia. This databook provides values for key performance indicators such as policies and premiums (gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP), insurance penetration (ratio of direct premiums to GDP) and number of active policies), claims & expenses (gross claims, paid claims, change in outstanding reserves, incurred loss and loss ratio (%)) and segmented by product type (workmen's compensation/industrial accident/employer's liability and directors & officers, environmental/hazardous material risk).

The research handbook provides the up-to-date market data for period 2011-2015 and illustrative forecast to 2020. Values in the handbook are depicted in USD ($) and local currency by country and number of active policies are represented in millions.

Summary

Liability insurance is a part of the general insurance system of risk financing to protect the purchaser (the "insured") from the risks of liabilities imposed by lawsuits and similar claims. It protects the insured in the event he or she is sued for claims that come within the coverage of the insurance policy. Examples of liability insurance include Directors & Officers Liability, Workmen's Compensation & Professional Liability.

The total amount of gross written premiums in the liability insurance in Colombia is valued at COPxxx.xx billion (US$xxx.xx billion) in 2016, which is an increase of xx.xx% from 2012. The category has recorded a CAGR of xx.xx% during the review period (2012-2016).

Liability Insurance in Colombia to 2021: Market Size, Growth and Forecast Analytics provides a top-level overview and detailed insight into the operating environment of Insurance industry in Colombia. It is an essential tool for companies active across the Colombia value chain and for new players considering to enter the market.

Scope

Liability Insurance in Colombia to 2021: Market Size, Growth and Forecast Analytics provides you with the following:

  • Overall values of policies and premiums and claims & expenses in the Liability Insurance
  • Values of policies and premiums by product type (workmen's compensation/industrial accident/employer's liability and directors & officers, environmental/hazardous material risk)
  • Reasons To Buy
    • Understand the non-life insurance industry covering liability insurance life in Colombia.
    • Enhance your knowledge of the market with a breakdown of data including gross written premiums, direct written premiums, net written premiums, net earned premiums, net written premiums (% of GWP), insurance penetration (ratio of direct premiums to GDP) and number of active policies, gross claims, paid claims, change in outstanding reserves, incurred loss and loss ratio (%) and segmented by product type (workmen's compensation/industrial accident/employer's liability and directors & officers, environmental/hazardous material risk).
    • Allows you to plan future business decisions using the forecast figures given for the segment.
    • The broad but detailed perspective will help all the companies in the Insurance industry to understand and succeed in the challenging market.


    1 Introduction
    1.1 What is this Report About?
    1.2 Definitions
    1.3 Summary Methodology
    1.4 CAGR Definition and Calculation
    2 Liability Insurance
    2.1 Policies and Premiums
    2.1.1 Gross Written Premiums, 2012 - 2016
    2.1.2 Gross Written Premiums Forecast, 2017 - 2021
    2.1.3 Direct Written Premiums, 2012 - 2016
    2.1.4 Direct Written Premiums Forecast, 2017 - 2021
    2.1.5 Net Written Premiums, 2012 - 2016
    2.1.6 Net Written Premium Forecast, 2017 - 2021
    2.1.7 Net Written Premiums (% of GWP), 2012 - 2016
    2.1.8 Net Written Premiums (% of GWP) Forecast, 2017 - 2021
    2.1.9 Net Earned Premiums, 2012 - 2016
    2.1.10 Net Earned Premiums Forecast, 2017 - 2021
    2.1.11 Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    2.1.12 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
    2.1.13 Number of Active Policies, 2012 - 2016
    2.1.14 Number of Active Policies Forecast, 2017 - 2021
    2.2 Claims and Expenses
    2.2.1 Gross Claims, 2012 - 2016
    2.2.2 Gross Claims Forecast, 2017 - 2021
    2.2.3 Paid Claims, 2012 - 2016
    2.2.4 Paid Claims Forecast, 2017 - 2021
    2.2.5 Change in Outstanding Reserves, 2012 - 2016
    2.2.6 Change in Outstanding Reserves Forecast, 2017 - 2021
    2.2.7 Incurred Loss, 2012 - 2016
    2.2.8 Incurred Loss Forecast, 2017 - 2021
    2.2.9 Loss Ratio %, 2012 - 2016
    2.2.10 Loss Ratio % Forecast, 2017 - 2021
    3 Liability Insurance - by Product Type
    3.1 Workmen's Compensation/Industrial Accident/Employer's Liability
    3.1.1 Gross Written Premiums, 2012 - 2016
    3.1.2 Gross Written Premiums Forecast, 2017 - 2021
    3.1.3 Direct Written Premiums, 2012 - 2016
    3.1.4 Direct Written Premiums Forecast, 2017 - 2021
    3.1.5 Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    3.1.6 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
    3.1.7 Number of Active Policies, 2012 - 2016
    3.1.8 Number of Active Policies Forecast, 2017 - 2021
    3.2 Directors and Officers
    3.2.1 Gross Written Premiums, 2012 - 2016
    3.2.2 Gross Written Premiums Forecast, 2017 - 2021
    3.2.3 Direct Written Premiums, 2012 - 2016
    3.2.4 Direct Written Premiums Forecast, 2017 - 2021
    3.2.5 Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    3.2.6 Insurance Penetration (Ratio of Direct Premiums to GDP) Forecast, 2017 - 2021
    3.2.7 Number of Active Policies, 2012 - 2016
    3.2.8 Number of Active Policies Forecast, 2017 - 2021
    4 Appendix
    4.1 Exchange Rates
    4.2 About Timetric
    4.3 Timetric’s Services
    4.4 Disclaimer
    List of Tables
    Table 1: Timetric - Insurance Market Definitions
    Table 2: Colombian Liability Insurance; Gross Written Premiums (US$ Billion), 2012 - 2016
    Table 3: Colombian Liability Insurance; Gross Written Premiums (COP Billion), 2012 - 2016
    Table 4: Colombian Liability Insurance; Gross Written Premiums (US$ Billion), 2017 - 2021
    Table 5: Colombian Liability Insurance; Gross Written Premiums (COP Billion), 2017 - 2021
    Table 6: Colombian Liability Insurance; Direct Written Premiums (US$ Billion), 2012 - 2016
    Table 7: Colombian Liability Insurance; Direct Written Premiums (COP Billion), 2012 - 2016
    Table 8: Colombian Liability Insurance; Direct Written Premiums (US$ Billion), 2017 - 2021
    Table 9: Colombian Liability Insurance; Direct Written Premiums (COP Billion), 2017 - 2021
    Table 10: Colombian Liability Insurance; Net Written Premiums (US$ Billion), 2012 - 2016
    Table 11: Colombian Liability Insurance; Net Written Premiums (COP Billion), 2012 - 2016
    Table 12: Colombian Liability Insurance; Net Written Premiums (US$ Billion), 2017 - 2021
    Table 13: Colombian Liability Insurance; Net Written Premiums (COP Billion), 2017 - 2021
    Table 14: Colombian Liability Insurance; Net Written Premiums (% of GWP), 2012 - 2016
    Table 15: Colombian Liability Insurance; Net Written Premiums (% of GWP), 2017 - 2021
    Table 16: Colombian Liability Insurance; Net Earned Premiums (US$ Billion), 2012 - 2016
    Table 17: Colombian Liability Insurance; Net Earned Premiums (COP Billion), 2012 - 2016
    Table 18: Colombian Liability Insurance; Net Earned Premiums (US$ Billion), 2017 - 2021
    Table 19: Colombian Liability Insurance; Net Earned Premiums (COP Billion), 2017 - 2021
    Table 20: Colombian Liability Insurance; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Table 21: Colombian Liability Insurance; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Table 22: Colombian Liability Insurance; Number of Active Policies (Million), 2012 - 2016
    Table 23: Colombian Liability Insurance; Number of Active Policies (Million), 2017 - 2021
    Table 24: Colombian Liability Insurance; Gross Claims (US$ Billion), 2012 - 2016
    Table 25: Colombian Liability Insurance; Gross Claims (COP Billion), 2012 - 2016
    Table 26: Colombian Liability Insurance; Gross Claims (US$ Billion), 2017 - 2021
    Table 27: Colombian Liability Insurance; Gross Claims (COP Billion), 2017 - 2021
    Table 28: Colombian Liability Insurance; Paid Claims (US$ Billion), 2012 - 2016
    Table 29: Colombian Liability Insurance; Paid Claims (COP Billion), 2012 - 2016
    Table 30: Colombian Liability Insurance; Paid Claims (US$ Billion), 2017 - 2021
    Table 31: Colombian Liability Insurance; Paid Claims (COP Billion), 2017 - 2021
    Table 32: Colombian Liability Insurance; Change in Outstanding Reserves (US$ Billion), 2012 - 2016
    Table 33: Colombian Liability Insurance; Change in Outstanding Reserves (COP Billion), 2012 - 2016
    Table 34: Colombian Liability Insurance; Change in Outstanding Reserves (US$ Billion), 2017 - 2021
    Table 35: Colombian Liability Insurance; Change in Outstanding Reserves (COP Billion), 2017 - 2021
    Table 36: Colombian Liability Insurance; Incurred Loss (US$ Billion), 2012 - 2016
    Table 37: Colombian Liability Insurance; Incurred Loss (COP Billion), 2012 - 2016
    Table 38: Colombian Liability Insurance; Incurred Loss (US$ Billion), 2017 - 2021
    Table 39: Colombian Liability Insurance; Incurred Loss (COP Billion), 2017 - 2021
    Table 40: Colombian Liability Insurance; Loss Ratio (Percentage), 2012 - 2016
    Table 41: Colombian Liability Insurance; Loss Ratio (Percentage ), 2017 - 2021
    Table 42: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (US$ Billion), 2012 - 2016
    Table 43: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (COP Billion), 2012 - 2016
    Table 44: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (US$ Billion), 2017 - 2021
    Table 45: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (COP Billion), 2017 - 2021
    Table 46: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (US$ Billion), 2012 - 2016
    Table 47: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (COP Billion), 2012 - 2016
    Table 48: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (US$ Billion), 2017 - 2021
    Table 49: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (COP Billion), 2017 - 2021
    Table 50: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Table 51: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Table 52: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability Number of Active Policies (Million), 2012 - 2016
    Table 53: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability Number of Active Policies (Million), 2017 - 2021
    Table 54: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (US$ Billion), 2012 - 2016
    Table 55: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (COP Billion), 2012 - 2016
    Table 56: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (US$ Billion), 2017 - 2021
    Table 57: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (COP Billion), 2017 - 2021
    Table 58: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (US$ Billion), 2012 - 2016
    Table 59: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (COP Billion), 2012 - 2016
    Table 60: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (US$ Billion), 2017 - 2021
    Table 61: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (COP Billion), 2017 - 2021
    Table 62: Colombian Liability Insurance by Directors and Officers; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Table 63: Colombian Liability Insurance by Directors and Officers; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Table 64: Colombian Liability Insurance by Directors and Officers; Number of Active Policies (Million), 2012 - 2016
    Table 65: Colombian Liability Insurance by Directors and Officers; Number of Active Policies (Million), 2017 - 2021
    Table 66: Colombian Exchange Rate (Annual Average), 2012 – 2016
    Table 67: Colombian Exchange Rate (Annual Average), 2017 – 2021 Forecast
    List of Figures
    Figure 1: Colombian Liability Insurance; Gross Written Premiums (COP Billion), 2012 - 2016
    Figure 2: Colombian Liability Insurance; Gross Written Premiums (COP Billion), 2017 - 2021
    Figure 3: Colombian Liability Insurance; Direct Written Premiums (COP Billion), 2012 - 2016
    Figure 4: Colombian Liability Insurance; Direct Written Premiums (COP Billion), 2017 - 2021
    Figure 5: Colombian Liability Insurance; Net Written Premiums (COP Billion), 2012 - 2016
    Figure 6: Colombian Liability Insurance; Net Written Premiums (COP Billion), 2017 - 2021
    Figure 7: Colombian Liability Insurance; Net Written Premiums (% of GWP), 2012 - 2016
    Figure 8: Colombian Liability Insurance; Net Written Premiums (% of GWP), 2017 - 2021
    Figure 9: Colombian Liability Insurance; Net Earned Premiums (COP Billion), 2012 - 2016
    Figure 10: Colombian Liability Insurance; Net Earned Premiums (COP Billion), 2017 - 2021
    Figure 11: Colombian Liability Insurance; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Figure 12: Colombian Liability Insurance; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Figure 13: Colombian Liability Insurance; Number of Active Policies (Million), 2012 - 2016
    Figure 14: Colombian Liability Insurance; Number of Active Policies (Million), 2017 - 2021
    Figure 15: Colombian Liability Insurance; Gross Claims (COP Billion), 2012 - 2016
    Figure 16: Colombian Liability Insurance; Gross Claims (COP Billion), 2017 - 2021
    Figure 17: Colombian Liability Insurance; Paid Claims (COP Billion), 2012 - 2016
    Figure 18: Colombian Liability Insurance; Paid Claims (COP Billion), 2017 - 2021
    Figure 19: Colombian Liability Insurance; Change in Outstanding Reserves (COP Billion), 2012 - 2016
    Figure 20: Colombian Liability Insurance; Change in Outstanding Reserves (COP Billion), 2017 - 2021
    Figure 21: Colombian Liability Insurance; Incurred Loss (COP Billion), 2012 - 2016
    Figure 22: Colombian Liability Insurance; Incurred Loss (COP Billion), 2017 - 2021
    Figure 23: Colombian Liability Insurance; Loss Ratio (Percentage), 2012 - 2016
    Figure 24: Colombian Liability Insurance; Loss Ratio (Percentage ) 2017 - 2021
    Figure 25: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (COP Billion) 2012 - 2016
    Figure 26: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Gross Written Premiums (COP Billion) 2017 - 2021
    Figure 27: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (COP Billion) 2012 - 2016
    Figure 28: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Direct Written Premiums (COP Billion), 2017 - 2021
    Figure 29: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Figure 30: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Figure 31: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability Number of Active Policies (Million), 2012 - 2016
    Figure 32: Colombian Liability Insurance by Workmen's Compensation/Industrial Accident/Employer's Liability Number of Active Policies (Million), 2017 - 2021
    Figure 33: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (COP Billion) 2012 - 2016
    Figure 34: Colombian Liability Insurance by Directors and Officers; Gross Written Premiums (COP Billion) 2017 - 2021
    Figure 35: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (COP Billion) 2012 - 2016
    Figure 36: Colombian Liability Insurance by Directors and Officers; Direct Written Premiums (COP Billion) 2017 - 2021
    Figure 37: Colombian Liability Insurance by Directors and Officers; Insurance Penetration (Ratio of Direct Premiums to GDP), 2012 - 2016
    Figure 38: Colombian Liability Insurance by Directors and Officers; Insurance Penetration (Ratio of Direct Premiums to GDP), 2017 - 2021
    Figure 39: Colombian Liability Insurance by Directors and Officers; Number of Active Policies (Million), 2012 - 2016
    Figure 40: Colombian Liability Insurance by Directors and Officers; Number of Active Policies (Million), 2017 - 2021

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