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  4. > Colombia Insurance Report Q3 2016

Colombia Insurance Report Q3 2016

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

Includes 3 FREE quarterly updates

BMI View: Rising average household income rates, alongside improving life expectancy, will increasedemand in the underdeveloped life sector while in the large non-life market, efforts by insurers to expanddistribution networks and improve product offerings are expected to yield tangible results. With theregulatory environment improving and in light of the expected premium growth, Colombia's insurancemarket will remain an attractive investment prospect in the Latin America region.Key Updates and Forecasts

- Colombia's Grupo Sura has been given regulatory permission from the Mexican insurance regulatorCNSF for the acquisition of UK-based RSA's local subsidiaries (in Argentina, Brazil, Chile, Mexico andUruguay). The sale was agreed in 2015 for the amount of USD620mn and will expand Grupo Sura'sfootprint in the region.

- We are forecasting healthy growth in Colombia's non-life insurance market, with premiums forecast togrow from USD5.0bn in 2016 to USD8.6bn in 2020. As a result we expect to see a slight improvement innon-life penetration, from 1.8% to 1.9% (against GDP).

Table Of Contents

Colombia Insurance Report Q3 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 2008-2014) 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
Latin America Insurance Risk/Reward Index 28
Table: Latin America and the Caribbean Insurance Risk/Reward Index - Q316 29
Market Overview 30
Life Market Overview 30
The Product Offering 30
The Competitive Landscape 31
Table: Life Insurance Market (USDmn) 2008-2014 33
Non-Life Market Overview 34
The Product Offering 34
The 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
Risk/Reward Index Methodology 53
Table: Indicators 55
Table: Weighting of Indicators 56

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