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Colombia Insurance Report Q4 2016

  • November 2016
  • -
  • Business Monitor International
  • -
  • 56 pages

Includes 3 FREE quarterly updates


BMI View:

We have a positive long-term outlook for Colombia's insurance sector, with total premiums rising at an average rate of 9.3% over the 2016-2020 period. The coming five years should see an increase in demand for both life and non-life products as a direct result of rising average household incomes. Moreover, following important changes in the country's regulatory environment Colombia's insurance sector should see increased activity and investment by domestic and foreign providers.

Key Updates and Forecasts


- Accounting for roughly 27% of total written insurance premiums in Colombia, life insurance is the smaller and less-developed segment of the insurance sector. Life insurance premiums will, however, see low double digit growth rates over the next five years. Premiums are forecast to rise from USD1.95bn in 2016 to USD2.97bn in 2020.

Table Of Contents

Colombia Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Colombia 2013-2020) 5
SWOT 7
Insurance 7
Industry Forecast 9
Life Premiums Forecast 9
Table: Life Premiums (Colombia 2013-2020) 12
Table: Life Insurance Claims (Colombia 2008-2015) 13
Non-Life Premium Forecast 13
Table: Non-Life Premiums (Colombia 2013-2020) 16
Table: Non-Life Insurance Claims, Colombia (2009-2014) 18
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Colombia 2013-2020) 26
Insurance Risk/Reward Index 28
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q416 29
Market Overview 30
Life Market Overview 30
Product Offering 30
Competitive Landscape 31
Table: Life Insurance Market (USDmn) 2008-2014 33
Non-Life Market Overview 34
Product Offering 34
Competitive Landscape 35
Table: Non-Life Insurance Market (USDmn) 2008-2014 36
Company Profile 38
MAPFRE 38
Liberty 41
Seguros Bolívar 43
Seguros Colpatria 45
Suramericana 47
Methodology 50
Industry Forecast Methodology 50
Sector-Specific Methodology 51
Risk/Reward Index Methodology 53
Table: Indicators 55
Table: Weighting of Indicators 56

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