Life Insurance in Colombia, Key Trends and Opportunities to 2021
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GlobalData’s 'Life Insurance in Colombia, Key Trends and Opportunities to 2021' 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, total assets, total investment income and retentions during the review period (2012–2016) and forecast period (2016–2021).
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 GlobalData’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.
Scope
This report provides a comprehensive analysis of the life insurance segment in Colombia:
• It provides historical values for the Colombian life insurance segment for the report’s 2012–2016 review period, and projected figures for the 2016–2021 forecast period.
• It offers a detailed analysis of the key categories in the Colombian life insurance segment, and market forecasts to 2021.
• It provides a comparison of the Colombian life insurance segment with its regional counterparts
• It analyzes the various distribution channels for life insurance products in Colombia.
• It profiles the top life insurance companies in Colombia and outlines the key regulations affecting them.
Key Highlights
• In 2017, the Superintendencia Financiera de Colombia (SFC) proposed Project 03/2017, mandating a change in the reserve requirement calculation for disability and survival insurance.
• On December 31, 2015, International Financial Reporting Standards (IFRS) were fully implemented in Colombia.
• In February 2015, the Colombian government approved the sale of microinsurance products through third-party channels.
• Colombia’s life segment is concentrated, with the five leading companies accounting for 72.8% of gross written premium in 2016.
Reasons to Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Colombian life insurance segment, and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the Colombian life insurance segment.
• Assess the competitive dynamics in the life 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.
Seguros de Vida Suramericana SA
Seguros de Riesgos Profesionales Suramericana
Positiva Compañía de Seguros SA
Compañía de Seguros Bolívar SA
Grupo de Inversiones Suramericana SA
Chubb Seguros Colombia SA
Suramericana SA
Grupo Mercantil Colpatria
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