DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/ld5j5d/life_insurance_in) has announced the addition of the "Life Insurance in Colombia, Key Trends and Opportunities to 2017" report to their offering.
The Colombian life insurance segment posted a strong CAGR of 10.2% during the review period (2008-2012), despite low interest rates and a deceleration in economic development. This was attributed to the industry's premium growth and regulatory changes, and the nation's expanding infrastructure sector.
These factors, coupled with the expanding group-life insurance business, are likely to generate business in the segment over the forecast period (2012-2017). As such, the segment's written premium is expected to increase from COP6.8 trillion (US$3.8 billion) in 2012 to COP11.5 trillion (US$6.1 billion) in 2017, at a forecast-period CAGR of 11.1%
Key Highlights
- Despite low investment returns and a deceleration in economic development in 2009, the Colombian life insurance segment posted a review-period CAGR of 10.2%
- Colombian life insurance penetration remains low compared to other Latin American countries, offering positive growth potential
- The segment's financial outlook is expected to remain stable due to the conservative investment approaches adopted by life insurers. Colombian life insurers tend to invest in government securities such as bonds and saving schemes
- Bancassurance is emerging as the most popular and trusted distribution channel and is expected to play a vital role in the growth of the insurance industry as a whole
- In terms of gross written premium, the Colombian life insurance segment is one of the largest in the Latin American region
Key Topics Covered:
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
10 Governance, Risk and Compliance
11 Competitive Landscape and Strategic Insights
12 Business Environment and Country Risk
13 Appendix
List of Tables
List of Figures
Companies Mentioned
Suramericana de Seguros SA
Compañía de Seguros Bolivar SA
Mapfre Colombia Vida Seguros SA
Seguros Alfa SA
ARP SURA Riesgos Profesionales
Positiva Compañía de Seguros SA
Allianz Seguros de Vida SA
Compañía de Seguros de Vida Colmena
Colpatria VIDA
BBVA Seguros de Vida Colombia, SA
For more information visit http://www.researchandmarkets.com/research/ld5j5d/life_insurance_in
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