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Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017

Published By :

Timetric

Published Date : Sep 2013

Category :

Health Insurance

No. of Pages : 235 Pages


Synopsis

The report provides in depth market analysis, information and insights into the Colombian personal accident and health insurance segment, including:

  • The Colombian personal accident and health insurance segment’s growth prospects by insurance categories
  • Key trends and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Colombian personal accident and health insurance segment
  • Detailed competitive landscape in the personal accident and health insurance segment in Colombia
  • A description of the personal accident and health reinsurance segment in Colombia
  • Porter\'s Five Forces Analysis of the personal accident and health insurance segment
  • Benchmarking section on the Colombian personal accident and health insurance segment in comparison to other countries in Central and Latin America

Executive summary

Rising numbers of outbound travelers, sustainable economic development, and regulatory changes had a positive impact on the overall growth of the Colombian personal accident and health insurance segment during the review period. The segment grew at a CAGR of 8.9%, to reach a value of COP1.4 trillion (US$0.8 billion) in 2012. Rising medical expenses and increased numbers of fatal road traffic accidents were other contributors to the growth. In 2013, a new healthcare bill was submitted to Colombia’s Senate Secretary to nationalize the country’s healthcare system. If approved, it is expected to generate significant business for health insurance. 

This, coupled with the projected positive economic trend, will support the growth of Colombian personal accident and health insurance over the forecast period. The segment’s written premium is projected to increase from COP1.4 trillion (US$0.8 billion) in 2012 to COP2.2 trillion (US$1.2 billion) in 2017, at a forecast-period CAGR of 9.3%.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Colombia:

  • It provides historical values for Colombia\'s personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
  • It offers a detailed analysis of the key sub-segments in Colombia\'s personal accident and health insurance segment, along with market forecasts until 2017
  • 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 personal accident and health insurance products in Colombia
  • Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Colombia for the personal accident and health insurance segment
  • It provides a detailed analysis of the reinsurance segment in Colombia and its growth prospects
  • It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it
  • Understand the demand-side dynamics, key market trends and growth opportunities within the Colombian personal accident and health insurance segment
  • Assess the competitive dynamics in the personal accident and health 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 segment and its impact on companies and the market\'s future

Key highlights

  • The segment grew at a CAGR of 8.9%, to reach a value of COP1.4 trillion (US$0.8 billion) in 2012
  • In 2013, a new healthcare bill was submitted to Colombia’s Senate Secretary to nationalize the country’s healthcare system. If approved, it is expected to generate significant business for health insurance
  • Colombia has one of the highest uninsured populations in Latin America
  • The insurance industry is regulated and governed by the Financial Superintendence of Colombia (SFC). It functions under the Ministry of Finance, with legal, administrative and financial autonomy
  • Colombia has a highly competitive personal accident and health insurance segment, which includes both domestic and foreign insurance companies
Table of contents

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size

4 Personal Accident and Health Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Personal accident and health insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Incurred losses per capita
4.3.3 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies

5 Colombian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers

6 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident insurance
6.1.2 Travel insurance
6.1.3 Health insurance
6.1.4 Non-life health insurance
6.1.5 Life health insurance

7 Analysis by Distribution Channels
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels

8 Porter\'s Five Forces Analysis -Personal Accident and Health Insurance
8.1 Bargaining Power of Suppliers: Low to Medium
8.2 Bargaining Power of Buyers: Low to Medium
8.3 Barriers to Entry: Low to Medium
8.4 Intensity of Rivalry: Medium
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2008-2017
9.2 Reinsurance Segment Size by Type of Insurance, 2008-2017

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Regulations by Type of Insurances
10.2.1 Life insurance regulations
10.2.1 Property insurance regulations
10.2.2 Motor insurance regulations
10.2.3 Marine, aviation and transit insurance regulations
10.2.4 Personal accident and health insurance regulations
10.3 Compulsory Insurance
10.3.1 Motor third-party liability insurance
10.3.2 Workers\' compensation insurance
10.4 Supervision and Control
10.4.1 International Association of Insurance Supervisors (IAIS)
10.4.2 Association of Insurance Supervisors Latin America
10.4.3 Financial Superintendence of Colombia (SFC)
10.5 Non-Admitted Insurance Regulations
10.5.1 Overview
10.5.2 Intermediaries
10.5.3 Market practices
10.5.4 Fines and penalties
10.6 Company Registration and Operations
10.6.1 Types of insurance organization
10.6.2 Establishing a local company
10.6.3 Foreign ownership
10.6.4 Types of license
10.6.5 Capital requirements
10.6.6 Solvency margins
10.6.7 Reserve requirements
10.6.8 Investment regulations
10.6.9 Statutory return requirements
10.6.10 Fee structure
10.7 Taxation
10.7.1 Insurance premium or policy taxation
10.7.2 Withholding taxes on premium paid overseas
10.7.3 Corporate tax
10.7.4 VAT
10.7.5 Captives
10.8 Legal System
10.8.1 Introduction
10.8.2 Access to court
10.8.3 Alternative dispute resolution (ADR)

11 Competitive Landscape and Strategic Insights
11.1 Overview
11.2 Leading Companies in the Colombian Personal Accident and Health Insurance Segment
11.3 Comparison of Key Five Insurers
11.3.1 Gross written premium
11.3.2 Net earned premiums
11.3.3 Gross claims
11.3.4 Combined ratio
11.4 Suramericana de Seguros SA - Company Overview
11.4.1 Suramericana de Seguros SA - key facts
11.4.2 Suramericana de Seguros SA - key financials
11.5 Liberty Seguros Colombia - Company Overview
11.5.1 Liberty Seguros Colombia - key facts
11.5.2 Liberty Seguros Colombia - key financials
11.6 Compañía de Seguros Bolivar SA - Company Overview
11.6.1 Compañía de Seguros Bolivar SA - key facts
11.6.2 Compañía de Seguros Bolivar SA - key financials
11.7 MetLife Colombia Seguros de Vida SA - Company Overview
11.7.1 MetLife Colombia Seguros de Vida SA - key facts
11.7.2 MetLife Colombia Seguros de Vida SA - key financials
11.8 AIG Seguros Colombia SA - Company Overview
11.8.1 AIG Seguros Colombia SA - key facts
11.8.2 AIG Seguros Colombia SA - key financials

12 Business Environment and Country Risk
12.1 Business Confidence
12.1.1 Market capitalization trend - Bolsa de Valores de Colombia, Colombia
12.2 Economic Performance
12.2.1 GDP at constant prices (US$)
12.2.2 GDP per capita at constant prices (US$)
12.2.3 GDP at current prices (US$)
12.2.4 GDP per capita at current prices (US$)
12.2.5 GDP by key segments
12.2.6 Agriculture, hunting, forestry, fishing net output at current prices (COP)
12.2.7 Agriculture, hunting, forestry, fishing net output at current prices (US$)
12.2.8 Agriculture, hunting, forestry, fishing net output at current prices as a percentage of GDP
12.2.9 Manufacturing net output at current prices (COP)
12.2.10 Manufacturing net output at current prices (US$)
12.2.11 Manufacturing net output at current prices as a percentage of GDP
12.2.12 Mining, manufacturing and utilities net output at current prices (COP)
12.2.13 Mining, manufacturing and utilities at current prices (US$)
12.2.14 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.15 Construction net output at current prices (COP)
12.2.16 Construction net output at current prices, (US$)
12.2.17 Construction net output at current prices as a percentage of GDP
12.2.18 Inflation rate
12.2.19 Exports as a percentage of GDP
12.2.20 Imports as a percentage of GDP
12.2.21 Exports growth
12.2.22 Imports growth
12.2.23 Annual average exchange rate COP-US$
12.3 Infrastructure
12.3.1 Commercial vehicles exports total value
12.3.2 Commercial vehicles imports total value
12.3.3 Automotive exports total value
12.3.4 Automotive imports total value
12.3.5 Total internet subscribers
12.4 Labor Force
12.4.1 Labor force
12.4.2 Unemployment rate
12.5 Demographics
12.5.1 Gross national disposable income (US$)
12.5.2 Total population
12.5.3 Urban and rural population
12.5.4 Median age of population
12.5.5 Age distribution of the total population

13 Appendix
13.1 Methodology
13.2 Contact Timetric
13.3 About Timetric
13.4 Timetric\'s Services
13.5 Disclaimer

List of Table


Table 1: Insurance Industry Definitions
Table 2: Central and Latin America - Insurance Penetration as a Percentage of GDP (%), 2011
Table 3: Central and Latin America - Life Expectancy (Years), 2007, 2011 and 2016
Table 4: Colombian Insurance - Overall Written Premium by Segment (COP Billion), 2008-2012
Table 5: Colombian Insurance - Overall Written Premium by Segment (US$ Billion), 2008-2012
Table 6: Colombian Insurance - Overall Written Premium by Segment (COP Billion), 2012-2017
Table 7: Colombian Insurance - Overall Written Premium by Segment (US$ Billion), 2012-2017
Table 8: Colombian Insurance - Segmentation (%), 2008-2017
Table 9: Colombian Personal Accident and Health Insurance - Written Premium by Category (COP Billion), 2008-2012
Table 10: Colombian Personal Accident and Health Insurance - Written Premium by Category (US$ Billion), 2008-2012
Table 11: Colombian Personal Accident and Health Insurance - Written Premium by Category (COP Billion), 2012-2017
Table 12: Colombian Personal Accident and Health Insurance - Written Premium by Category (US$ Billion), 2012-2017
Table 13: Colombian Personal Accident and Health Insurance - Earned Premium (COP Billion), 2008-2012
Table 14: Colombian Personal Accident and Health Insurance - Earned Premium (COP Billion), 2012-2017
Table 15: Colombian Personal Accident and Health Insurance - Paid Claims by Category (COP Billion), 2008-2012
Table 16: Colombian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2008-2012
Table 17: Colombian Personal Accident and Health Insurance - Paid Claims by Category (COP Billion), 2012-2017
Table 18: Colombian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2012-2017
Table 19: Colombian Personal Accident and Health Insurance - Incurred Loss by Category (COP Billion), 2008-2012
Table 20: Colombian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2008-2012
Table 21: Colombian Personal Accident and Health Insurance - Incurred Loss by Category (COP Billion), 2012-2017
Table 22: Colombian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2012-2017
Table 23: Colombian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Table 24: Colombian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Table 25: Colombian Personal Accident and Health Insurance - Commission and Expenses (COP Billion), 2008-2012
Table 26: Colombian Personal Accident and Health Insurance - Commission and Expenses (COP Billion), 2012-2017
Table 27: Colombian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Table 28: Colombian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Table 29: Colombian Personal Accident and Health Insurance - Fraud and Crimes (COP Billion), 2008-2012
Table 30: Colombian Personal Accident and Health Insurance - Fraud and Crimes (COP Billion), 2012-2017
Table 31: Colombian Personal Accident and Health Insurance - Total Assets (COP Billion), 2008-2012
Table 32: Colombian Personal Accident and Health Insurance - Total Assets (COP Billion), 2012-2017
Table 33: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2008-2012
Table 34: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2012-2017
Table 35: Colombian Personal Accident and Health Insurance - Retentions (COP Billion), 2008-2012
Table 36: Colombian Personal Accident and Health Insurance - Retentions (COP Billion), 2012-2017
Table 37: Colombian Personal Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 38: Colombian Personal Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 39: Colombian Personal Accident Insurance - Written Premium (COP Billion), 2008-2012
Table 40: Colombian Personal Accident Insurance - Written Premium (COP Billion), 2012-2017
Table 41: Colombian Personal Accident Insurance - Loss Ratio (%), 2008-2012
Table 42: Colombian Personal Accident Insurance - Loss Ratio (%), 2012-2017
Table 43: Colombian Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 44: Colombian Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 45: Colombian Travel Insurance - Written Premium (COP Billion), 2008-2012
Table 46: Colombian Travel Insurance - Written Premium (COP Billion), 2012-2017
Table 47: Colombian Travel Insurance - Loss Ratio (%), 2008-2012
Table 48: Colombian Travel Insurance - Loss Ratio (%), 2012-2017
Table 49: Colombian Health Insurance - Written Premium by Sub-Category (COP Billion), 2008-2012
Table 50: Colombian Health Insurance - Written Premium by Sub-Category (US$ Billion), 2008-2012
Table 51: Colombian Health Insurance - Written Premium by Sub-Category (COP Billion), 2012-2017
Table 52: Colombian Health Insurance - Written Premium by Sub-Category (US$ Billion), 2012-2017
Table 53: Colombian Non-Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 54: Colombian Non-Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 55: Colombian Non-Life Health Insurance - Written Premium (COP Billion), 2008-2012
Table 56: Colombian Non-Life Health Insurance - Written Premium (COP Billion), 2012-2017
Table 57: Colombian Non-Life Health Insurance - Loss Ratio (%), 2008-2012
Table 58: Colombian Non-Life Health Insurance - Loss Ratio (%), 2012-2017
Table 59: Colombian Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Table 60: Colombian Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Table 61: Colombian Life Health Insurance - Written Premium (COP Billion), 2008-2012
Table 62: Colombian Life Health Insurance - Written Premium (COP Billion), 2012-2017
Table 63: Colombian Life Health Insurance - Loss Ratio (%), 2008-2012
Table 64: Colombian Life Health Insurance - Loss Ratio (%), 2012-2017
Table 65: Colombian Personal Accident and Health Insurance - Direct Marketing Commission Paid (COP Billion), 2008-2012
Table 66: Colombian Personal Accident and Health Insurance - Direct Marketing Commission Paid (COP Billion), 2012-2017
Table 67: Colombian Personal Accident and Health Insurance - Written Premium Through Direct Marketing (COP Billion), 2008-2012
Table 68: Colombian Personal Accident and Health Insurance - Written Premium Through Direct Marketing (COP Billion), 2012-2017
Table 69: Colombian Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Table 70: Colombian Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Table 71: Colombian Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Table 72: Colombian Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Table 73: Colombian Personal Accident and Health Insurance - Bancassurance Commission Paid (COP Billion), 2008-2012
Table 74: Colombian Personal Accident and Health Insurance - Bancassurance Commission Paid (COP Billion), 2012-2017
Table 75: Colombian Personal Accident and Health Insurance - Written Premium Through Bancassurance (COP Billion), 2008-2012
Table 76: Colombian Personal Accident and Health Insurance - Written Premium Through Bancassurance (COP Billion), 2012-2017
Table 77: Colombian Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Table 78: Colombian Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Table 79: Colombian Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2008-2012
Table 80: Colombian Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2012-2017
Table 81: Colombian Personal Accident and Health Insurance - Commission Paid to Agencies (COP Billion), 2008-2012
Table 82: Colombian Personal Accident and Health Insurance - Commission Paid to Agencies (COP Billion), 2012-2017
Table 83: Colombian Personal Accident and Health Insurance - Written Premium Through Agencies (COP Billion), 2008-2012
Table 84: Colombian Personal Accident and Health Insurance - Written Premium Through Agencies (COP Billion), 2012-2017
Table 85: Colombian Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Table 86: Colombian Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Table 87: Colombian Personal Accident and Health Insurance - Number of Agencies, 2008-2012
Table 88: Colombian Personal Accident and Health Insurance - Number of Agencies, 2012-2017
Table 89: Colombian Personal Accident and Health Insurance - E-Commerce Commission Paid (COP Billion), 2008-2012
Table 90: Colombian Personal Accident and Health Insurance - E-Commerce Commission Paid (COP Billion), 2012-2017
Table 91: Colombian Personal Accident and Health Insurance - Written Premium Through E-Commerce (COP Billion), 2008-2012
Table 92: Colombian Personal Accident and Health Insurance - Written Premium Through E-Commerce (COP Billion), 2012-2017
Table 93: Colombian Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Table 94: Colombian Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Table 95: Colombian Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Table 96: Colombian Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Table 97: Colombian Personal Accident and Health Insurance - Commission Paid to Brokers (COP Billion), 2008-2012
Table 98: Colombian Personal Accident and Health Insurance - Commission Paid to Brokers (COP Billion), 2012-2017
Table 99: Colombian Personal Accident and Health Insurance - Written Premium Through Brokers (COP Billion), 2008-2012
Table 100: Colombian Personal Accident and Health Insurance - Written Premium Through Brokers (COP Billion), 2012-2017
Table 101: Colombian Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Table 102: Colombian Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Table 103: Colombian Personal Accident and Health Insurance - Number of Brokers, 2008-2012
Table 104: Colombian Personal Accident and Health Insurance - Number of Brokers, 2012-2017
Table 105: Colombian Personal Accident and Health Insurance - Commission Paid to Other Channels (COP Billion), 2008-2012
Table 106: Colombian Personal Accident and Health Insurance - Commission Paid to Other Channels (COP Billion), 2012-2017
Table 107: Colombian Personal Accident and Health Insurance - Written Premium Through Other Channels (COP Billion), 2008-2012
Table 108: Colombian Personal Accident and Health Insurance - Written Premium Through Other Channels (COP Billion), 2012-2017
Table 109: Colombian Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Table 110: Colombian Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Table 111: Colombian Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Table 112: Colombian Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Table 113: Reinsurance in Colombia by Category (COP Billion), 2008-2012
Table 114: Reinsurance in Colombia by Category (US$ Million), 2008-2012
Table 115: Reinsurance in Colombia by Category (COP Billion), 2012-2017
Table 116: Reinsurance in Colombia by Category (US$ Million), 2012-2017
Table 117: Colombian Premium Ceded to Reinsurance by Type of Insurance (COP Billion), 2008-2012
Table 118: Colombian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2008-2012
Table 119: Colombian Premium Ceded to Reinsurance by Type of Insurance (COP Billion), 2012-2017
Table 120: Colombian Premium Ceded to Reinsurance by Type of Insurance (US$ Billion), 2012-2017
Table 121: Colombian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Table 122: Colombian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Table 123: Colombia - Life Insurance Regulatory Framework
Table 124: Colombia - Property Insurance Regulatory Framework
Table 125: Colombia - Motor Insurance Regulatory Framework
Table 126: Colombia - Corporate Tax Rates for the Financial Year 2013
Table 127: Colombian Personal Accident Insurance - Leading Companies (% Share), 2012
Table 122: Colombian Health Insurance - Leading Companies (% Share), 2012
Table 128: Suramericana de Seguros SA, Key Facts
Table 129: Suramericana de Seguros SA, Key Financials (COP Billion), 2008-2012
Table 130: Liberty Seguros Colombia, Key Facts
Table 131: Liberty Seguros Colombia, Key Financials (COP Billion), 2008-2012
Table 132: Compañía de Seguros Bolivar SA, Key Facts
Table 133: Compañía de Seguros Bolivar SA, Key Financials (COP Billion), 2008-2012
Table 134: MetLife Colombia Seguros de Vida SA, Key Facts
Table 135: MetLife Colombia Seguros de Vida SA, Key Financials (COP Billion), 2010-2012
Table 136: AIG Seguros Colombia SA, Key Facts
Table 137: AIG Seguros Colombia SA, Key Financials (COP Billion) from 2008-2012

List of Chart


Figure 1: Central and Latin America - A Snapshot of the Economies and Populations, 2011
Figure 2: Central and Latin America - Growth Trends in the Insurance Industry
Figure 3: Central and Latin America - Total Industry Values by Segment (US$ Billion), 2011
Figure 4: Central and Latin American Personal Accident and Health Insurance - Growth Trends
Figure 5: Central and Latin American Personal Accident and Health Insurance - Gross Written Premiums (US$ Billion), 2011
Figure 6: Central and Latin American Personal Accident and Health Insurance - Premiums Per Capita (US$), 2011
Figure 7: Central and Latin American Personal Accident and Health Insurance - Penetration (% of GDP), 2011 and 2016
Figure 8: Central and Latin American Personal Accident and Health Insurance - Gross Written Premium Growth (%), 2007-2016
Figure 9: Central and Latin American Personal Accident and Health Insurance - Gross Written Premium Per Capita Growth (%), 2007-2016
Figure 10: Central and Latin American Personal Accident and Health Insurance - Loss Ratios (%), 2011 and 2016
Figure 11: Central and Latin American Personal Accident and Health Insurance - Incurred Losses Per Capita (US$), 2011 and 2016
Figure 12: Central and Latin American Personal Accident and Health Insurance - Incurred Losses as a Percentage of GDP (%), 2011 and 2016
Figure 13: Central and Latin American Direct Marketing - Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007-2016
Figure 14: Central and Latin American Bancassurance - Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007-2016
Figure 15: Central and Latin American Agencies - Share of Personal Accident and Health Insurance Gross Written Premium (%), 2007-2016
Figure 16: Colombian Insurance - Overall Written Premium by Segment (COP Billion), 2008-2017
Figure 17: Colombian Insurance - Dynamics by Segment (%), 2008-2017
Figure 18: Colombian Personal Accident and Health Insurance - Written Premium by Category (COP Billion), 2008-2017
Figure 19: Colombian Personal Accident and Health Insurance - Written Premium by Category (% Share), 2012 and 2017
Figure 20: Colombian Personal Accident and Health Insurance - Dynamics by Category (%), 2008-2017
Figure 21: Colombian Personal Accident and Health Insurance - Earned Premium (COP Billion), 2008-2012
Figure 22: Colombian Personal Accident and Health Insurance - Earned Premium (COP Billion), 2012-2017
Figure 23: Colombian Personal Accident and Health Insurance - Paid Claims by Category (COP Billion), 2008-2017
Figure 24: Colombian Personal Accident and Health Insurance - Incurred Loss by Category (COP Billion), 2008-2017
Figure 25: Colombian Personal Accident and Health Insurance - Loss Ratio (%), 2008-2012
Figure 26: Colombian Personal Accident and Health Insurance - Loss Ratio (%), 2012-2017
Figure 27: Colombian Personal Accident and Health Insurance - Commission and Expenses (COP Billion), 2008-2012
Figure 28: Colombian Personal Accident and Health Insurance - Commission and Expenses (COP Billion), 2012-2017
Figure 29: Colombian Personal Accident and Health Insurance - Combined Ratio (%), 2008-2012
Figure 30: Colombian Personal Accident and Health Insurance - Combined Ratio (%), 2012-2017
Figure 31: Colombian Personal Accident and Health Insurance - Fraud and Crimes (COP Billion), 2008-2012
Figure 32: Colombian Personal Accident and Health Insurance - Fraud and Crimes (COP Billion), 2012-2017
Figure 33: Colombian Personal Accident and Health Insurance - Total Assets (COP Billion), 2008-2012
Figure 34: Colombian Personal Accident and Health Insurance - Total Assets (COP Billion), 2012-2017
Figure 35: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2008-2012
Figure 36: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2012-2017
Figure 37: Colombian Personal Accident and Health Insurance - Retentions (COP Billion), 2008-2012
Figure 38: Colombian Personal Accident and Health Insurance - Retentions (COP Billion), 2012-2017
Figure 39: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Billion), 2008-2012
Figure 40: Colombian Personal Accident and Health Insurance - Investment Portfolio (% Share), 2008 and 2012
Figure 41: Colombian Personal Accident and Health Insurance - Penetration (%), 2008-2012
Figure 42: Colombian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 43: Colombian Personal Accident and Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 44: Colombian Personal Accident and Health Insurance - Premium Per Capita (COP), 2008-2012
Figure 45: Colombian Personal Accident Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 46: Colombian Personal Accident Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 47: Colombian Personal Accident Insurance - Written Premium (COP Billion), 2008-2012
Figure 48: Colombian Personal Accident Insurance - Written Premium (COP Billion), 2012-2017
Figure 49: Colombian Personal Accident Insurance - Loss Ratio (%), 2008-2012
Figure 50: Colombian Personal Accident Insurance - Loss Ratio (%), 2012-2017
Figure 51: Colombian Travel Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 52: Colombian Travel Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 53: Colombian Travel Insurance - Written Premium (COP Billion), 2008-2012
Figure 54: Colombian Travel Insurance - Written Premium (COP Billion), 2012-2017
Figure 55: Colombian Travel Insurance - Loss Ratio (%), 2008-2012
Figure 56: Colombian Travel Insurance - Loss Ratio (%), 2012-2017
Figure 57: Colombian Health Insurance - Written Premium by Sub-Category (COP Billion), 2008-2017
Figure 58: Colombian Health Insurance - Dynamics by Sub-Category (%), 2008-2017
Figure 59: Colombian Non-Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 60: Colombian Non-Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 61: Colombian Non-Life Health Insurance - Written Premium (COP Billion), 2008-2012
Figure 62: Colombian Non-Life Health Insurance - Written Premium (COP Billion), 2012-2017
Figure 63: Colombian Non-Life Health Insurance - Loss Ratio (%), 2008-2012
Figure 64: Colombian Non-Life Health Insurance - Loss Ratio (%), 2012-2017
Figure 65: Colombian Life Health Insurance - Number of Policies Sold (Thousand), 2008-2012
Figure 66: Colombian Life Health Insurance - Number of Policies Sold (Thousand), 2012-2017
Figure 67: Colombian Life Health Insurance - Written Premium (COP Billion), 2008-2012
Figure 68: Colombian Life Health Insurance - Written Premium (COP Billion), 2012-2017
Figure 69: Colombian Life Health Insurance - Loss Ratio (%), 2008-2012
Figure 70: Colombian Life Health Insurance - Loss Ratio (%), 2012-2017
Figure 71: Colombian Personal Accident and Health Insurance - Written Premium by Distribution Channel (% Share), 2012 and 2017
Figure 72: Colombian Personal Accident and Health Insurance - Direct Marketing Commission Paid (COP Billion), 2008-2012
Figure 73: Colombian Personal Accident and Health Insurance - Direct Marketing Commission Paid (COP Billion), 2012-2017
Figure 74: Colombian Personal Accident and Health Insurance - Written Premium Through Direct Marketing (COP Billion), 2008-2012
Figure 75: Colombian Personal Accident and Health Insurance - Written Premium Through Direct Marketing (COP Billion), 2012-2017
Figure 76: Colombian Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2008-2012
Figure 77: Colombian Personal Accident and Health Insurance - Policies Sold Through Direct Marketing (Thousand), 2012-2017
Figure 78: Colombian Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2008-2012
Figure 79: Colombian Personal Accident and Health Insurance - Number of Direct Marketing Distributors, 2012-2017
Figure 80: Colombian Personal Accident and Health Insurance - Bancassurance Commission Paid (COP Billion), 2008-2012
Figure 81: Colombian Personal Accident and Health Insurance - Bancassurance Commission Paid (COP Billion), 2012-2017
Figure 82: Colombian Personal Accident and Health Insurance - Written Premium Through Bancassurance (COP Billion), 2008-2012
Figure 83: Colombian Personal Accident and Health Insurance - Written Premium Through Bancassurance (COP Billion), 2012-2017
Figure 84: Colombian Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2008-2012
Figure 85: Colombian Personal Accident and Health Insurance - Policies Sold Through Bancassurance (Thousand), 2012-2017
Figure 86: Colombian Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2008-2012
Figure 87: Colombian Personal Accident and Health Insurance - Number of Bancassurance Distributors, 2012-2017
Figure 88: Colombian Personal Accident and Health Insurance - Commission Paid to Agencies (COP Billion), 2008-2012
Figure 89: Colombian Personal Accident and Health Insurance - Commission Paid to Agencies (COP Billion), 2012-2017
Figure 90: Colombian Personal Accident and Health Insurance - Written Premium Through Agencies (COP Billion), 2008-2012
Figure 91: Colombian Personal Accident and Health Insurance - Written Premium Through Agencies (COP Billion), 2012-2017
Figure 92: Colombian Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2008-2012
Figure 93: Colombian Personal Accident and Health Insurance - Policies Sold Through Agencies (Thousand), 2012-2017
Figure 94: Colombian Personal Accident and Health Insurance - Number of Agencies, 2008-2012
Figure 95: Colombian Personal Accident and Health Insurance - Number of Agencies, 2012-2017
Figure 96: Colombian Personal Accident and Health Insurance - E-Commerce Commission Paid (COP Billion), 2008-2012
Figure 97: Colombian Personal Accident and Health Insurance - E-Commerce Commission Paid (COP Billion), 2012-2017
Figure 98: Colombian Personal Accident and Health Insurance - Written Premium Through E-Commerce (COP Billion), 2008-2012
Figure 99: Colombian Personal Accident and Health Insurance - Written Premium Through E-Commerce (COP Billion), 2012-2017
Figure 100: Colombian Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2008-2012
Figure 101: Colombian Personal Accident and Health Insurance - Policies Sold Through E-Commerce (Thousand), 2012-2017
Figure 102: Colombian Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2008-2012
Figure 103: Colombian Personal Accident and Health Insurance - Number of E-Commerce Distributors, 2012-2017
Figure 104: Colombian Personal Accident and Health Insurance - Commission Paid to Brokers (COP Billion), 2008-2012
Figure 105: Colombian Personal Accident and Health Insurance - Commission Paid to Brokers (COP Billion), 2012-2017
Figure 106: Colombian Personal Accident and Health Insurance - Written Premium Through Brokers (COP Billion), 2008-2012
Figure 107: Colombian Personal Accident and Health Insurance - Written Premium Through Brokers (COP Billion), 2012-2017
Figure 108: Colombian Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2008-2012
Figure 109: Colombian Personal Accident and Health Insurance - Policies Sold Through Brokers (Thousand), 2012-2017
Figure 110: Colombian Personal Accident and Health Insurance - Number of Brokers, 2008-2012
Figure 111: Colombian Personal Accident and Health Insurance - Number of Brokers, 2012-2017
Figure 112: Colombian Personal Accident and Health Insurance - Commission Paid to Other Channels (COP Billion), 2008-2012
Figure 113: Colombian Personal Accident and Health Insurance - Commission Paid to Other Channels (COP Billion), 2012-2017
Figure 114: Colombian Personal Accident and Health Insurance - Written Premium Through Other Channels (COP Billion), 2008-2012
Figure 115: Colombian Personal Accident and Health Insurance - Written Premium Through Other Channels (COP Billion), 2012-2017
Figure 116: Colombian Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2008-2012
Figure 117: Colombian Personal Accident and Health Insurance - Policies Sold Through Other Channels (Thousand), 2012-2017
Figure 118: Colombian Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2008-2012
Figure 119: Colombian Personal Accident and Health Insurance - Number of Distributors in Other Channels, 2012-2017
Figure 120: Colombian Personal Accident and Health Insurance Segment: Five Forces Analysis
Figure 121: Colombian Premium Ceded to Reinsurance by Category (COP Billion), 2008-2017
Figure 122: Colombian Premium Ceded to Reinsurance by Category (Percentage Share), 2012 and 2017
Figure 123: Colombian Reinsurance - Dynamics by Category (%), 2008-2017
Figure 124: Colombian Premium Ceded to Reinsurance by Type of Insurance (COP Billion), 2008-2017
Figure 125: Colombian Reinsurance - Dynamics by Type of Insurance (%), 2008-2017
Figure 126: Colombian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2008-2012
Figure 127: Colombian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2017
Figure 128: Colombia - Insurance Regulatory Framework
Figure 129: Colombia - Insurance Supervision and Control at Various Levels
Figure 130: Colombia - Insurance Regulatory Frameworks for Company Registration and Operation
Figure 112: Colombian Personal Accident Insurance - Leading Companies (% Share), 2012
Figure 131: Colombian Health Insurance - Leading Companies (% Share), 2012
Figure 132: Colombian Personal Accident and Health Insurance - Key Insurers\' Gross Written Premium (COP Billion), 2012
Figure 133: Colombian Personal Accident and Health Insurance - Key Insurers\' Net Earned Premium (COP Billion), 2012
Figure 134: Colombian Personal Accident and Health Insurance - Key Insurers\' Gross Claims (COP Billion), 2012
Figure 135: Colombian Personal Accident and Health Insurance - Key Insurers\' Combined Ratio (%), 2012
Figure 136: Bolsa de Valores de Colombia Market Capitalization (US$ Billion), 2007-2011
Figure 137: Colombian GDP at Constant Prices (US$ Billion), 2007-2011
Figure 138: Colombian GDP Per Capita at Constant Prices (US$), 2007-2011
Figure 139: Colombian GDP at Current Prices (US$ Billion), 2007-2011
Figure 140: Colombian GDP Per Capita at Current Prices (US$), 2007-2011
Figure 141: Colombian GDP by Key Segments (%) 2009 and 2011
Figure 142: Colombian Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (COP Billion), 2007-2011
Figure 143: Colombian Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (US$ Bllion), 2007-2011
Figure 144: Colombian Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices As a Percentage of GDP (%), 2007-2011
Figure 145: Colombian Manufacturing Net Output at Current Prices (COP Billion), 2007-2011
Figure 146: Colombian Manufacturing Net Output at Current Prices (US$ Billion), 2007-2011
Figure 147: Colombian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 148: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices (COP Billion), 2007-2011
Figure 149: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007-2011
Figure 150: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2007-2011
Figure 151: Colombian Construction Net Output at Current Prices (COP Billion), 2007-2011
Figure 152: Colombian Construction Net Output at Current Prices (US$ Billion), 2007- 2011
Figure 153: Colombian Construction Output at Current Prices as a Percentage of GDP (%), 2007-2011
Figure 154: Colombian Inflation Rate (%), 2007-2011
Figure 155: Colombian Exports as a Percentage of GDP (%), 2007-2011
Figure 156: Colombian Imports as a Percentage of GDP (%), 2007-2011
Figure 157: Colombian Exports Growth (%), 2007-2011
Figure 158: Colombian Imports Growth (%), 2007-2011
Figure 159: Colombian Annual Average Exchange Rate COP - US$, 2007-2011
Figure 160: Colombian Commercial Vehicles Exports Total Value (US$ Million), 2007-2011
Figure 161: Colombian Commercial Vehicles Imports Total Value (US$ Million), 2007-2011
Figure 162: Colombian Automotive Exports Total Value (US$ Million), 2007-2011
Figure 163: Colombian Automotive Imports Total Value (US$ Million), 2007-2011
Figure 164: Colombian Internet Subscriptions (Millions), 2007-2011
Figure 165: Colombian Size of Labor Force in 15-59 Age Group (Million), 2007-2011
Figure 166: Colombian Unemployment Rate (%), 2007-2011
Figure 167: Colombian Gross National Disposable Income (US$ Billion), 2007-2011
Figure 168: Colombian Total Population (Million), 2007-2011
Figure 169: Colombian Urban and Rural Population (%), 2007-2011
Figure 170: Colombian Median Age of Population (Year), 2007-2011
Figure 171: Colombian Population Distribution by Age (%), 2007-2011

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