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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Colombia Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Colombian life insurance segment, and a comparison of the Colombian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Colombian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric’s 'Personal Accident and Health Insurance in Colombia Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Colombian personal accident and health insurance segment, including:

- An overview of the Colombian personal accident and health insurance segment

- The Colombian personal accident and health insurance segment’s growth prospects by category

- A comprehensive overview of the Colombian economy and demographics

- A comparison of the Colombian personal accident and health insurance segment with its regional counterparts

- The various distribution channels in the Colombian personal accident and health insurance segment

- Details of the competitive landscape in the personal accident and health insurance segment in Colombia

- Details of regulatory policy applicable to the Colombian insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Colombia:

- It provides historical values for the Colombian personal accident and health insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Colombian personal accident and health insurance segment, and market forecasts to 2020.

- It provides a comparison of the Colombian personal accident and health insurance segment with its regional counterparts

- It provides an overview of the various distribution channels for personal accident and health insurance products in Colombia.

- It profiles the top personal accident and health insurance companies in Colombia, and outlines the key regulations affecting them.

Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Colombian personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Colombian personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Colombian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- Colombia has a highly competitive personal accident and health insurance segment, which includes both domestic and foreign insurance companies.

- Private health insurance cover in the country increased among the poorest 20.0% of the population in 2015.

- The penetration rate for the personal accident and health insurance segment was 0.27% in 2015.

- The segment’s distribution network is dominated by direct marketing.


Table Of Contents

Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2020
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
6.1.1 Brokers
6.1.2 Agencies
6.1.3 Direct marketing
6.1.4 Bancassurance
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Seguros de Vida Suramericana SA - company overview
7.1.2 Allianz Seguros de Vida SA - company overview
7.1.3 Compañía de Seguros Bolívar SA - company overview
7.1.4 Ace Seguros SA - Colombia - company overview
7.1.5 Cardif Colombia Seguros Generales SA - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Workers' compensation insurance
8.4.3 Professional indemnity insurance for reinsurance brokers
8.4.4 Personal accident insurance for passengers of public vehicles
8.4.5 Liability insurance for Colombian Stock Exchange brokers
8.4.6 Liability insurance for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Financial Superintendence of Colombia
8.5.4 Federación de Aseguradores Colombianos (Fasecolda)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxations
8.8.2 Withholding taxes on premium paid overseas.
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.1.1 Claims and expenses
9.1.2 Assets and investments
9.1.3 Personal accident insurance
9.1.4 Health insurance
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer


List of Tables
Table 1: Colombian Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Colombian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Colombian Government Credit Ratings
Table 4: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion and US$ Million), 2011-2015
Table 5: Colombian Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion and US$ Million), 2015-2020
Table 7: Colombian Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Colombian Personal Accident and Health Insurance - Premium per Capita (COP and US$), 2011-2015
Table 9: Colombian Personal Accident and Health Insurance - Premium per Capita (COP and US$), 2015-2020
Table 10: Colombian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015
Table 11: Colombian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020
Table 12: Colombian Personal Accident and Health Insurance - Paid Claims (COP Billion and US$ Million), 2011-2015
Table 13: Colombian Personal Accident and Health Insurance - Paid Claims (COP Trillion and US$ Million), 2015-2020
Table 14: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 15: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 16: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion and US$ Billion), 2011-2015
Table 17: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion and US$ Billion), 2015-2020
Table 18: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion and US$ Million), 2011-2015
Table 19: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion and US$ Million), 2015-2020
Table 20: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Trillion), 2011-2015
Table 21: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Billion), 2015-2020
Table 22: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion),2011-2015
Table 23: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion), 2015-2020
Table 24: Colombian Personal Accident Insurance - Direct Written Premium (COP Billion and US$ Million), 2011-2015
Table 25: Colombian Personal Accident Insurance - Direct Written Premium (COP Trillion and US$ Million), 2015-2020
Table 26: Colombian Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015
Table 27: Colombian Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020
Table 28: Colombian Personal Accident Insurance - Paid Claims (COP Billion and US$ Million), 2011-2015
Table 29: Colombian Personal Accident Insurance - Paid Claims (COP Billion and US$ Million), 2015-2020
Table 30: Colombian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 31: Colombian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 32: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Trillion), 2011-2015
Table 33: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Trillion), 2015-2020
Table 34: Colombian Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
Table 35: Colombian Health Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
Table 36: Colombian Health Insurance - Paid Claims (COP Billion and US$ Million), 2011-2015
Table 37: Colombian Health Insurance - Paid Claims (COP Billion and US$ Million), 2015-2020
Table 38: Colombian Health Insurance - Loss Ratio (%), 2011-2015
Table 39: Colombian Health Insurance - Loss Ratio (%), 2015-2020
Table 40: Colombian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Table 41: Seguros de Vida Suramericana SA - Key Facts
Table 42: Allianz Seguros de Vida SA - Key Facts
Table 43: Allianz Seguros de Vida SA - Key Financials (COP Billion), 2011-2015
Table 44: Compañía de Seguros Bolívar SA - Key Facts
Table 45: Compañía de Seguros Bolívar SA - Key Financials (COP Billion), 2011-2015
Table 46: Ace Seguros SA - Colombia - Key Facts
Table 47: Ace Seguros SA - Colombia - Key Financials (COP Billion), 2011-2015
Table 48: Cardif Colombia Seguros Generales SA - Key Facts
Table 49: Cardif Colombia Seguros Generales SA - Key Financials (COP Billion), 2011-2015
Table 50: Colombia - Insurance Regulatory Framework Key Features
Table 51: Colombia - Life Insurance Regulatory Framework
Table 52: Colombia - Property Insurance Regulatory Framework
Table 53: Colombia - Motor Insurance Regulatory Framework
Table 54: Colombia - Liability Insurance Regulatory Framework
Table55: Columbia - Corporate Tax Rates for the Financial Year 2016
Table 56: Colombian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 57: Colombian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 58: Colombian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 59: Colombian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 60: Colombian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 61: Colombian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 62: Colombian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 63: Colombian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 64: Colombian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 65: Colombian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 66: Insurance Industry Definitions


List of Figures
Figure 1: Colombian Real GDP (COP Trillion), 2011-2020
Figure 2: Colombian Inflation Rate, 2011-2020
Figure 3: Colombian COP-US$ Exchange Rate, 2011-2020
Figure 4: Colombian Current Account Balance, 2011-2020
Figure 5: Colombian Unemployment Rate, 2011-2020
Figure 6: Colombian Population by Age Group, 1991-2025
Figure 7: Colombian Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Colombian Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion), 2011-2020
Figure 10: Colombian Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Colombian Personal Accident and Health Insurance - Premium per Capita (COP), 2011-2020
Figure 12: Colombian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2020
Figure 13: Colombian Personal Accident and Health Insurance - Paid Claims (COP Trillion), 2011-2020
Figure 14: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 15: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion), 2011-2020
Figure 16: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2011-2020
Figure 17: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Trillion), 2011-2020
Figure 18: Colombian Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 19: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion), 2011-2020
Figure 20: Colombian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 21: Colombian Personal Accident Insurance - Direct Written Premium (COP Billion), 2011-2020
Figure 22: Colombian Personal Accident Insurance - Number of Policies Sold (Million), 2011-2020
Figure 23: Colombian Personal Accident Insurance - Paid Claims (COP Billion), 2011-2020
Figure 24: Colombian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (COP Billion and %), 2011-2020
Figure 25: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Trillion), 2011-2020
Figure 26: Colombian Health Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2020
Figure 27: Colombian Health Insurance - Paid Claims (COP Billion), 2011-2020
Figure 28: Colombian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (COP Trillion and %), 2011-2020
Figure 29: Colombian Personal Accident and Health Insurance Industry - Market Shares of Leading Insurers (%), 2015
Figure 30: Columbia - Insurance Supervision and Control at Various Levels
Figure 31: Columbia - Insurance Regulatory Frameworks for Company Registration and Operation

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