Life Insurance in Colombia, Key Trends and Opportunities to 2018

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Life Insurance in Colombia, Key Trends

and Opportunities

to 2018

Category : Banking & Finance

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Introduction to Report

Launch Date: September 16, 2014

Number of Pages: 308

Geography Coverage: Colombia

Available Format: PDF

Price For Single User License: USD 1,950

Price For Site User License: USD 3,900

Price For Global User License: USD 5,850

Delivery Time: Within 24 Hours (During Working Days)



About the Report

The Colombian life insurance segment recorded a compound annual growth rate (CAGR) of16.2% in terms of gross written premium during the review period (2009−2013).

The segment’s performance was attributed to regulatory changes and the industry’s premium growth, the strong performance of the pension insurance category and the developing group life insurance business.

These factors, along with the nation’s rise in per capita annual disposable income, are likely to generate business over the forecast period (2013−2018).



Scope:

It provides historical values for the Colombian life insurance segment for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period.

It offers a detailed analysis of the key categories in the Colombian life insurance segment, along with market forecasts until 2018.

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.

It analyses the various distribution channels for life insurance products in Colombia.



Scope: Continues…

Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Colombia for the life insurance business.

It provides a detailed analysis of the reinsurance segment in Colombia and its growth prospects.

It profiles the top life 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 life insurance segment and each category within it

Understand the demand-side dynamics, key market trends and growth opportunities within the Colombian life insurance segment

Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment

Identify the growth opportunities and market dynamics within key product categories

Gain insights into key regulations governing the Colombian insurance industry and its impact on companies and the market's future



Key Highlights:

Colombia’s life insurance penetration rose from 0.98% in 2009 to 1.26% in 2013, and is expected to reach 1.67% in 2018.

During the review period, life insurance emerged as the largest segment in the industry, accounting for 47.4% of the gross written premium in 2013.

E-commerce emerged as one of the fastest-growing distribution channels, registering a review period CAGR of 45.2%.

Poverty is a key challenge in Columbia. In 2009, 46% of the total population was affected by poverty, and 29% were subject to extreme poverty.

The government signed a free-trade agreement with the US, which came into effect in May 2012.



Key Highlights: Continues…

This agreement will allow US insurers to establish branch offices and market insurance products under the supervision of Colombian regulatory authorities.

The Colombian life insurance segment is expected to register a forecast-period CAGR of 13.5% in terms of gross written premiums.



Report Coverage

1. Executive Summary

2. Introduction

3. Regional Market Dynamics

4. Life Insurance Segment – Regional Benchmarking

5. Colombian Insurance Industry Attractiveness

6. Life Insurance Outlook

7. Analysis by Distribution Channel

8. Porter’s Five Forces Analysis – Colombian Life Insurance

9. Reinsurance Growth Dynamics and Challenges

For more details regarding Report coverage see the last slideAll logos and Images mentioned on this slide belong to their respective owners.



Report Coverage: Continues…

10. Governance, Risk and Compliance

11. Competitive Landscape and Strategic Insights

12. Business Environment and Country Risk

13. Appendix




Company Coverage:

1. Positiva Compañía Seguros SA

2. Suramericana de Seguros de Vida SA

3. Mapfre Colombia Vida Seguros SA

4. Seguros de Vida Alfa SA

5. Seguros de Riesgos Profesionales Suramericana

6. Compañía de Seguros Bolívar SA

7. Seguros de Vida Colpatria SA

8. Riesgos Profesionales Colmena SA

9. BBVA Seguros de Vida Colombia SA

10. Liberty Seguros de Vida SA




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