DUBLIN--(BUSINESS WIRE)--The "Inclusive Insurance in Colombia" report has been added to ResearchAndMarkets.com's offering.
Colombia shows promise when it comes to the development of inclusive insurance. In addition to a regulatory framework that helps the low-income population access insurance products, there is a strong commitment, from both public and private sectors, to create a dynamic market for inclusive insurance in the country.
In 2016, the government launched a project to boost inclusive insurance in the country, funded through their "Banca de las Oportunidades" programme. It is supported by the financial regulating agency, Superintendencia Financiera de Colombia (SFC), and the insurance industry association, Federacion de Aseguradores Colombianos (FASECOLDA).
Progress has been made in developing regulations that facilitate the marketing and sales of microinsurance. The country has now simplified client identification and pricing requirements, and alternative distribution channels for microinsurance have been enabled.
Colombia is one of the few countries where disaggregated data for microinsurance have been included in both supply and demand studies on insurance.
Key Topics Covered:
Introduction
Risk exposure
Enabling inclusive insurance market development
The current inclusive insurance landscape
- Identified microinsurance coverage
- Products
- Distribution
- Gender
- Claims
Opportunities and challenges
- Demand for more affordable
insurance
- Promotion of inclusive insurance
- The rural protection gap
Companies Mentioned
- Access to Insurance Initiative (A2ii)
- Blue Marble
- Federacion de Aseguradores Colombianos
- (FASECOLDA)
- InterAmerican Development Bank (IDB)
- Multilateral
- Investment Fund (MIF)
- Seguros Mundial
- Superintendencia
- Financiera de Colombia (SFC)
- Swiss Re
For more information about this report visit https://www.researchandmarkets.com/r/rfzyts
