Key Market Indicators
Colombian Gross Written Premium is projected to climb to $11.6 billion by 2028, up from $10.2 billion in 2023. This reflects a compound annual growth rate (CAGR) of 2%. Since 2014, Colombia has seen a steady increase in its supply of Gross Written Premiums, rising by approximately 1.7% each year. In 2023, the country ranked 17th globally in this metric, with Portugal surpassing Colombia with a total of $10.2 billion. Leading the ranking were the United Kingdom, Germany, and the Netherlands, which secured the second, third, and fourth positions, respectively.
