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  4. > Colombia Insurance Report Q4 2015

Colombia Insurance Report Q4 2015

  • September 2015
  • -
  • Business Monitor International
  • -
  • 71 pages

Includes 3 FREE quarterly updates

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 marketColombia 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

Table Of Contents

Colombia Insurance Report Q4 2015
BMI Industry View 7
Political 11
Economic 12
Operational Risk 13
Industry Forecast 15
Life Premiums Forecast 15
Life Premiums 15
Table: Gross Life Premiums Written (Colombia 2012-2019) 16
Table: Net Life Premiums Written (Colombia 2012-2019) 17
Life Claims 17
Table: Life Insurance Claims (Colombia 2007-2014) 18
Life Insurers' Assets 18
Table: Assets (Colombia 2007-2014) 18
Life Insurance Drivers 18
Table: Life Expectancy by Gender (Colombia 2012-2019) 19
Table: Demographic Breakdown (Colombia 2012-2019) 20
Non-Life Premiums Forecast 21
Table: Gross Non-Life Premiums Written (Colombia 2012-2019) 22
Table: Net Non-Life Premiums Written (Colombia 2012-2019) 23
Reinsurance Premiums 24
Table: Reinsurance Non-Life Premiums Written (Colombia 2012-2019) 24
Non-Life Claims 25
Table: Non-Life Insurance Claims (Colombia 2007-2014) 25
Table: Non-Life Insurance Claims by Line (Colombia 2007-2014) 26
Non-Life Insurers' Assets 26
Table: Assets (Colombia 2007-2014) 27
Non-Life Sub-Sector Forecast 28
Table: Non-Life % Breakdown (Colombia 2012-2019) 29
Motor Vehicle Insurance 29
Table: Motor Vehicle Insurance (Colombia 2012-2019) 30
Table: Insurance Key Drivers, Autos (Colombia 2012-2019) 31
Transport Insurance 31
Table: Transport Insurance (Colombia 2012-2019) 32
Table: Colombia Freight Tonnage, 2012-2019 32
Property Insurance 33
Table: Property Insurance (Colombia 2012-2019) 34
Health Insurance 34
Table: Health Insurance (Colombia 2012-2019) 35
Table: Insurance Key Drivers, Private Health Expenditure (Colombia 2012-2019) 36
General Liability Insurance 36
Table: General Liability Insurance (Colombia 2012-2019) 37
Industry Risk Reward Ratings 38
Latin America Insurance Risk/Reward Index 38
Table: Latin America and the Caribbean Insurance Risk/Reward Index 39
Market Overview 40
Life Market Overview 40
The Product Offering 40
The Competitive Landscape 41
Table: Life Insurance Market (USDmn) 2007-2013 42
Non-Life Market Overview 44
The Product Offering 44
The Competitive Landscape 45
Table: Non-Life Insurance Market (USDmn) 2007-2013 46
Company Profile 48
Liberty 51
Seguros Bolívar 53
Seguros Colpatria 55
Suramericana 57
Demographic Forecast 60
Table: Population Headline Indicators (Colombia 1990-2025) 61
Table: Key Population Ratios (Colombia 1990-2025) 61
Table: Urban/Rural Population and Life Expectancy (Colombia 1990-2025) 62
Table: Population By Age Group (Colombia 1990-2025) 62
Table: Population By Age Group % (Colombia 1990-2025) 63
Methodology 65
Industry Forecast Methodology 65
Risk/Reward Index Methodology 68
Table: Indicators 70
Table: Weighting of Indicators 71

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