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Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2018

Published By :

Timetric

Published Date : Sep 2014

Category :

Health Insurance

No. of Pages : 259 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 category
  • 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
  • The detailed competitive landscape in the personal accident and health insurance segment in Colombia
  • Detailed regulatory policies of the Colombian insurance industry
  • 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
  • A benchmarking section on the Colombian personal accident and health insurance segment in comparison with other countries in the Central and Latin American region
  • OverviewTable of contentsList of tablesList of figures
  • Overview

Executive summary

The Colombian personal accident and health insurance segment posted a review-period (2009−2013),compound annual growth rate (CAGR) of 13.7% in 2013. During the review period, factors such as regulatory changes, a rise in the number of fatal road traffic accidents and sustainable economic development had a favorable impact on the growth of the personal accident and health segment. A rise in the number of outbound travelers and increasing medical expenses also contributed to the segment’s growth.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Colombia:
  • It provides historical values for the Colombian personal accident and health 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 sub-segments in Colombian personal accident and health 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 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 Colombian personal accident and health insurance segment posted a review-period (2009−2013),compound annual growth rate (CAGR) of13.7%.
  • 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 health insurance category accounted for 58.6% of the personal accident and health segment’s gross written premium, followed by the personal accident category with 39.1% and the travel insurance category with 2.3%.
  • The country’s personal accident and health insurance penetration stood at 0.23% in 2013, and is expected to reach 0.28%in 2018.
  • The segment is highly concentrated, with the 10 leading companies accounting for 90.4% of the segment in 2013. There were 29 companies actively operating in the Colombian personal accident and health insurance segment in 2013.
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, 2009–2018
5.2 Key Industry Trends and Drivers
5.3 Challenges
5.4 Recent Market Developments

6 Personal Accident and Health Insurance Segment Outlook
6.1 Consumer Segmentation and Buying Behavior
6.2 Product and Marketing Strategies
6.3 Personal Accident and Health Insurance Growth Prospects by Category
6.3.1 Personal accident insurance
6.3.2 Travel insurance
6.3.3 Health insurance
6.3.4 Non-life health insurance
6.3.5 Life health insurance

7 Analysis by Distribution Channel
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 – Colombian 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: High
8.5 Threat of Substitutes: Low

9 Reinsurance Growth Dynamics and Challenges
9.1 Reinsurance Segment Size, 2009–2018
9.2 Reinsurance Segment Size by Premium Ceded, 2009–2018

10 Governance, Risk and Compliance
10.1 Legislation Overview and Historical Evolution
10.2 Legislation and Market Practice by Type of Insurances
10.2.1 Life insurance
10.2.2 Property insurance
10.2.3 Motor insurance
10.2.4 Marine, aviation and transit insurance
10.2.5 Personal accident and health insurance
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 Top Five Insurers
11.3.1 Gross written premium
11.3.2 Net earned premiums
11.3.3 Gross claims
11.3.4 Paid claims
11.3.5 Commissions and expenses
11.4 Suramericana de Seguros de Vida SA– Company Overview
11.4.1 Suramericana de Seguros de Vida SA– key facts
11.4.2 Suramericana de Seguros de Vida SA– key financials
11.5 Allianz Seguros de Vida SA– Company Overview
11.5.1 Allianz Seguros de Vida SA– key facts
11.5.2 Allianz Seguros de Vida SA– key financials
11.6 AceSegurosSA (Colombia)– Company Overview
11.6.1 AceSegurosSA (Colombia) – key facts
11.6.2 Ace Seguros SA (Colombia) – key financials
11.7 Compañíade Seguros Bolívar SA – Company Overview
11.7.1 Compañíade Seguros Bolívar SA – key facts
11.7.2 Compañíade Seguros Bolívar SA – key financials
11.8 Cardif Colombia Seguros Generales SA– Company Overview
11.8.1 Cardif Colombia Seguros Generales SA– key facts
11.8.2 Cardif Colombia Seguros Generales SA– key financials
11.9 MetLife Colombia Seguros de Vida SA – Company Overview
11.9.1 MetLife Colombia Seguros de Vida SA – key facts
11.9.2 MetLife Colombia Seguros de Vida SA – key financials
11.10 Liberty Seguros SA– Company Overview
11.10.1 Liberty Seguros Colombia – key facts
11.10.2 Liberty Seguros Colombia– key financials
11.11 Mapfre Colombia Vida Seguros SA – Company Overview
11.11.1 Mapfre Colombia Vida Seguros SA – key facts
11.11.2 Mapfre Colombia Vida Seguros SA – key financials
11.12 AIG Seguros Colombia SA – Company Overview
11.12.1 AIG Seguros Colombia SA – key facts
11.12.2 AIG Seguros Colombia SA – key financials
11.13 QBE Seguros SA – Company Overview
11.13.1 QBE Seguros SA – key facts
11.13.2 QBE Seguros 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 sector
12.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
12.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
12.2.8 Manufacturing net output at current prices (US$)
12.2.9 Manufacturing net output at current prices as a percentage of GDP
12.2.10 Mining, manufacturing and utilities at current prices (US$)
12.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
12.2.12 Construction net output at current prices, (US$)
12.2.13 Construction net output at current prices as a percentage of GDP
12.2.14 Inflation rate
12.2.15 Exports as a percentage of GDP
12.2.16 Imports as a percentage of GDP
12.2.17 Merchandise exports growth
12.2.18 Merchandise imports growth
12.2.19 Annual average exchange rate EUR– 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$)
12.5.2 Household consumption expenditure (US$)
12.5.3 Total population
12.5.4 Urban and rural populations
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 – Gross Written Premium by Segment (COP Billion), 2009–2013
Table 5: Colombian Insurance – Gross Written Premium by Segment(US$ Billion), 2009–2013
Table 6: Colombian Insurance – Gross Written Premium by Segment(COP Billion), 2013–2018
Table 7: Colombian Insurance – Gross Written Premium by Segment(US$ Billion), 2013–2018
Table 8: Colombian Insurance – Segmentation, Gross Written Premium (Percentage Share), 2009–2018
Table 9: Colombian Insurance– Direct Written Premium by Segment (COP Billion), 2009–2013
Table 10: Colombian Insurance– Direct Written Premium by Segment(US$ Billion), 2009–2013
Table 11: Colombian Insurance– Direct Written Premium by Segment(COP Billion), 2013–2018
Table 12: Colombian Insurance – Direct Written Premium by Segment(US$ Billion), 2013–2018
Table 13: Colombian Insurance – Segmentation, Direct Written Premium (Percentage Share), 2009–2018
Table 14: Colombian Personal Accident and Health Insurance– Gross Written Premium by Category (COP Billion), 2009–2013
Table 15: Colombian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2009–2013
Table 16: Colombian Personal Accident and Health Insurance– Gross Written Premium by Category (COP Billion), 2013–2018
Table 17: Colombian Personal Accident and Health Insurance – Gross Written Premium by Category (US$ Billion), 2013–2018
Table 18: Colombian Personal Accident and Health Insurance– Direct Written Premium by Category (COP Billion), 2009–2013
Table 19: Colombian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2009–2013
Table 20: Colombian Personal Accident and Health Insurance– Direct Written Premium by Category (COP Billion), 2013–2018
Table 21: Colombian Personal Accident and Health Insurance – Direct Written Premium by Category (US$ Billion), 2013–2018
Table 22: Colombian Personal Accident and Health Insurance– Earned Premium (COP Billion), 2009–2013
Table 23: Colombian Personal Accident and Health Insurance – Earned Premium (COP Billion), 2013–2018
Table 24: Colombian Personal Accident and Health Insurance – Paid Claims by Category (COP Billion), 2009–2013
Table 25: Colombian Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2009–2013
Table 26: Colombian Personal Accident and Health Insurance – Paid Claims by Category (COP Billion), 2013–2018
Table 27: Colombian Personal Accident and Health Insurance – Paid Claims by Category (US$ Billion), 2013–2018
Table 28: Colombian Personal Accident and Health Insurance – Incurred Loss by Category (COP Billion), 2009–2013
Table 29: Colombian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2009–2013
Table 30:Colombian Personal Accident and Health Insurance – Incurred Loss by Category (COP Billion), 2013–2018
Table 31: Colombian Personal Accident and Health Insurance – Incurred Loss by Category (US$ Billion), 2013–2018
Table 32: Colombian Personal Accident and Health Insurance – Retention by Category (COP Billion), 2009–2013
Table 33: Colombian Personal Accident and Health Insurance – Retention by Category (US$ Billion), 2009–2013
Table 34:Colombian Personal Accident and Health Insurance – Retention by Category (COP Billion), 2013–2018
Table 35: Colombian Personal Accident and Health Insurance – Retention by Category (US$ Billion), 2013–2018
Table 36: Colombian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Table 37: Colombian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Table 38: Colombian Personal Accident and Health Insurance – Commission and Expenses (COP Billion), 2009–2013
Table 39: Colombian Personal Accident and Health Insurance – Commission and Expenses (COP Billion), 2013–2018
Table 40: Colombian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Table 41: Colombian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Table 42: Colombian Personal Accident and Health Insurance – Frauds and Crimes (COP Billion), 2009–2013
Table 43: Colombian Personal Accident and Health Insurance – Frauds and Crimes (COP Billion), 2013–2018
Table 44: Colombian Personal Accident and Health Insurance – Total Assets (COP Billion), 2009–2013
Table 45: Colombian Personal Accident and Health Insurance – Total Assets (COP Billion), 2013–2018
Table 46: Colombian Personal Accident and Health Insurance – Total Investment Income (COP Billion), 2009–2013
Table 47: Colombian Personal Accident and Health Insurance – Total Investment Income (COP Billion), 2013–2018
Table 48: Colombian Personal Accident and Health Insurance – Retentions (COP Billion), 2009–2013
Table 49: Colombian Personal Accident and Health Insurance – Retentions (COP Billion), 2013–2018
Table 50: Colombian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 51: Colombian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 52: Colombian Personal Accident Insurance – Gross Written Premium (COP Billion), 2009–2013
Table 53: Colombian Personal Accident Insurance – Gross Written Premium (COP Billion), 2013–2018
Table 54: Colombian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Table 55: Colombian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Table 56: Colombian Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 57: Colombian Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 58: Colombian Travel Insurance– Gross Written Premium (COP Billion), 2009–2013
Table 59: Colombian Travel Insurance– Gross Written Premium (COP Billion), 2013–2018
Table 60: Colombian Travel Insurance – Loss Ratio (%), 2009–2013
Table 61: Colombian Travel Insurance – Loss Ratio (%), 2013–2018
Table 62: Colombian Health Insurance – Gross Written Premium by Sub-Category (COP Billion), 2009–2013
Table 63: Colombian Health Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2009–2013
Table 64: Colombian Health Insurance – Gross Written Premium by Sub-Category (COP Billion), 2013–2018
Table 65: Colombian Health Insurance – Gross Written Premium by Sub-Category (US$ Billion), 2013–2018
Table 66: Colombian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 67: Colombian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 68: Colombian Non-Life Health Insurance – Gross Written Premium (COP Billion), 2009–2013
Table 69: Colombian Non-Life Health Insurance – Gross Written Premium (COP Billion), 2013–2018
Table 70: Colombian Non-Life Health Insurance – Direct Written Premium (COP Billion), 2009–2013
Table 71: Colombian Non-Life Health Insurance – Direct Written Premium (COP Billion), 2013–2018
Table 72: Colombian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Table 73: Colombian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Table 74: Colombian Non-Life Health Insurance – Retentions (COP Billion), 2009–2013
Table 75: Colombian Non-Life Health Insurance – Retentions (COP Billion), 2013–2018
Table 76: Colombian Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Table 77: Colombian Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Table 78: Colombian Life Health Insurance – Gross Written Premium (COP Billion), 2009–2013
Table 79: Colombian Life Health Insurance – Gross Written Premium (COP Billion), 2013–2018
Table 80: Colombian Life Health Insurance – Direct Written Premium (COP Billion), 2009–2013
Table 81: Colombian Life Health Insurance – Direct Written Premium (COP Billion), 2013–2018
Table 82: Colombian Life Health Insurance – Loss Ratio (%), 2009–2013
Table 83: Colombian Life Health Insurance – Loss Ratio (%), 2013–2018
Table 84: Colombian Life Health Insurance – Retention (COP Billion), 2009–2013
Table 85: Colombian Life Health Insurance – Retention (COP Billion), 2013–2018
Table 86: Colombian Personal Accident and Health Insurance – Direct Marketing Commission Paid (COP Billion), 2009–2013
Table 87: Colombian Personal Accident and Health Insurance – Direct Marketing Commission Paid (COP Billion), 2013–2018
Table 88: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (COP Billion), 2009–2013
Table 89: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (COP Billion), 2013–2018
Table 90: Colombian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Table 91: Colombian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Table 92: Colombian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Table 93: Colombian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Table 94: Colombian Personal Accident and Health Insurance – Bancassurance Commission Paid(COP Billion), 2009–2013
Table 95: Colombian Personal Accident and Health Insurance – Bancassurance Commission Paid(COP Billion), 2013–2018
Table 96: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (COP Billion), 2009–2013
Table 97: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (COP Billion), 2013–2018
Table 98: Colombian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Table 99: Colombian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Table 100: Colombian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Table 101: Colombian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Table 102: Colombian Personal Accident and Health Insurance – Commission Paid to Agencies (COP Billion), 2009–2013
Table 103: Colombian Personal Accident and Health Insurance – Commission Paid to Agencies (COP Billion), 2013–2018
Table 104: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (COP Billion), 2009–2013
Table 105: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (COP Billion), 2013–2018
Table 106: Colombian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Table 107: Colombian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Table 108: Colombian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Table 109: Colombian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Table 110: Colombian Personal Accident and Health Insurance – E-Commerce Commission Paid (COP Billion), 2009–2013
Table 111: Colombian Personal Accident and Health Insurance – E-Commerce Commission Paid(COP Billion), 2013–2018
Table 112: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (COP Billion), 2009–2013
Table 113: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (COP Billion), 2013–2018
Table 114: Colombian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Table 115: Colombian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Table 116: Colombian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Table 117: Colombian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Table 118: Colombian Personal Accident and Health Insurance – Commission Paid to Brokers(COP Billion), 2009–2013
Table 119: Colombian Personal Accident and Health Insurance – Commission Paid to Brokers(COP Billion), 2013–2018
Table 120: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (COP Billion), 2009–2013
Table 121: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (COP Billion), 2013–2018
Table 122: Colombian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Table 123: Colombian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Table 124: Colombian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Table 125: Colombian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Table 126: Colombian Personal Accident and Health Insurance – Commission Paid to Other Channels (COP Billion), 2009–2013
Table 127: Colombian Personal Accident and Health Insurance – Commission Paid to Other Channels (COP Billion), 2013–2018
Table 128: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (COP Billion), 2009–2013
Table 129: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (COP Billion), 2013–2018
Table 130: Colombian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Table 131: Colombian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Table 132: Colombian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Table 133: Colombian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Table 134: Colombian Reinsurance – Premium Accepted by Category (COP Billion), 2009–2013
Table 135: Colombian Reinsurance – Premium Accepted by Category (US$ Million), 2009–2013
Table 136: Colombian Reinsurance – Premium Accepted by Category (COP Billion), 2013–2018
Table 137: Colombian Reinsurance – Premium Accepted by Category (US$ Million), 2013–2018
Table 138: Colombian Reinsurance – Premium Ceded by Type of Insurance (COP Billion), 2009–2013
Table 139: Colombian Reinsurance – Premium Ceded by Type of Insurance (US$ Billion), 2009–2013
Table 140: Colombian Reinsurance – Premium Ceded by Type of Insurance (COP Billion), 2013–2018
Table 141: Colombian Reinsurance – Premium Ceded by Type of Insurance(US$ Million), 2013–2018
Table 142: Colombian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Table 143: Colombian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Table 144: Colombia – Life Insurance Regulatory Framework
Table 145: Colombia – Property Insurance Regulatory Framework
Table 146: Colombia – Motor Insurance Regulatory Framework
Table 147: Colombia – Corporate Tax Rates for the Financial Year 2013
Table 148: Colombian Personal Accident and Health Insurance – Leading Companies (Percentage Share), 2013
Table 149: Suramericana de Seguros de Vida SA – Key Facts
Table 150: Suramericana de Seguros de Vida SA – Key Financials (COP Billion), 2009–2013
Table 151: Allianz Seguros de Vida SA – Key Facts
Table 152: Allianz Seguros de Vida SA – Key Financials (COP Billion), 2009–2013
Table 153: AceSegurosSA (Colombia) – Key Facts
Table 154: AceSegurosSA (Colombia) – Key Financials (COP Billion), 2009–2013
Table 155: Compañíade Seguros Bolívar SA – Key Facts
Table 156: Compañíade Seguros Bolívar SA – Key Financials (COP Billion), 2009–2013
Table 157: Cardif Colombia Seguros Generales SA – Key Facts
Table 158: Cardif Colombia Seguros Generales SA – Key Financials (COP Billion), 2009–2013
Table 159: MetLife Colombia Seguros de Vida SA – Key Facts
Table 160: MetLife Colombia Seguros de Vida SA – Key Financials (COP Billion), 2009–2013
Table 161: Liberty Seguros Colombia – Key Facts
Table 162: Liberty Seguros Colombia – Key Financials (COP Billion), 2009–2013
Table 163: Mapfre Colombia Vida Seguros SA – Key Facts
Table 164: Mapfre Colombia Vida Seguros SA – Key Financials (COP Billion), 2009–2013
Table 165: AIG Seguros Colombia SA – Key Facts
Table 166: AIG Seguros Colombia SA – Key Financials (COP Billion), 2009–2013
Table 167: QBE Seguros SA – Key Facts
Table 168: QBE Seguros SA – Key Financials (COP Billion), 2009–2013

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– Gross Written Premium by Segment (COP Billion), 2009–2018
Figure 17: Colombian Insurance – Dynamics by Segment, Gross Written premium (2009–2018)
Figure 18: Colombian Insurance– Direct Written Premium by Segment (COP Billion), 2009–2018
Figure 19: Colombian Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 20: Colombian Personal Accident and Health Insurance – Gross Written Premium by Category (COP Billion), 2009–2018
Figure 21: Colombian Personal Accident and Health Insurance – Gross Written Premium by Category (Percentage Share), 2013 and 2018
Figure 22: Colombian Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 23: Colombian Personal Accident and Health Insurance – Direct Written Premium by Category (COP Billion), 2009–2018
Figure 24: Colombian Personal Accident and Health Insurance – Direct Written Premium by Category (Percentage Share), 2013 and 2018
Figure 25: Colombian Personal Accident and Health Insurance – Dynamics by Category, 2009–2018
Figure 26: Colombian Personal Accident and Health Insurance – Earned Premium (COP Billion), 2009–2013
Figure 27: Colombian Personal Accident and Health Insurance – Earned Premium (COP Billion), 2013–2018
Figure 28: Colombian Personal Accident and Health Insurance – Paid Claims by Category (COP Billion), 2009–2018
Figure 29: Colombian Personal Accident and Health Insurance – Incurred Loss by Category (COP Billion), 2009–2018
Figure 30: Colombian Personal Accident and Health Insurance – Retention by Category (COP Billion), 2009–2018
Figure 31: Colombian Personal Accident and Health Insurance – Loss Ratio (%), 2009–2013
Figure 32: Colombian Personal Accident and Health Insurance – Loss Ratio (%), 2013–2018
Figure 33: Colombian Personal Accident and Health Insurance – Commission and Expenses (COP Billion), 2009–2013
Figure 34: Colombian Personal Accident and Health Insurance – Commission and Expenses (COP Billion), 2013–2018
Figure 35: Colombian Personal Accident and Health Insurance – Combined Ratio (%), 2009–2013
Figure 36: Colombian Personal Accident and Health Insurance – Combined Ratio (%), 2013–2018
Figure 37: Colombian Personal Accident and Health Insurance – Frauds and Crimes (COP Billion), 2009–2013
Figure 38: Colombian Personal Accident and Health Insurance – Frauds and Crimes (COP Billion), 2013–2018
Figure 39: Colombian Personal Accident and Health Insurance – Total Assets (COP Billion), 2009–2013
Figure 40: Colombian Personal Accident and Health Insurance – Total Assets (COP Billion), 2013–2018
Figure 41: Colombian Personal Accident and Health Insurance – Total Investment Income (COP Billion), 2009–2013
Figure 42:Colombian Personal Accident and Health Insurance – Total Investment Income (COP Billion), 2013–2018
Figure 43: Colombian Personal Accident and Health Insurance – Retentions (COP Billion), 2009–2013
Figure 44: Colombian Personal Accident and Health Insurance – Retentions (COP Billion), 2013–2018
Figure 45: Colombian Personal Accident and Health Insurance – Total Investment (COP Billion), 2009–2013
Figure 46: Colombian Personal Accident and Health Insurance – Investment Portfolio (Percentage Share), 2009and2013
Figure 47: Colombian Personal Accident and Health Insurance – Penetration (%), 2009–2013
Figure 48: Colombian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 49: Colombian Personal Accident and Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 50: Colombian Personal Accident and Health Insurance – Premium Per Capita (COP), 2009–2013
Figure 51: Colombian Personal Accident Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 52: Colombian Personal Accident Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 53: Colombian Personal Accident Insurance – Gross Written Premium (COP Billion), 2009–2013
Figure 54: Colombian Personal Accident Insurance – Gross Written Premium (COP Billion), 2013–2018
Figure 55: Colombian Personal Accident Insurance – Loss Ratio (%), 2009–2013
Figure 56: Colombian Personal Accident Insurance – Loss Ratio (%), 2013–2018
Figure 57: Colombian Travel Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 58: Colombian Travel Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 59: Colombian Travel Insurance – Gross Written Premium (COP Billion), 2009–2013
Figure 60: Colombian Travel Insurance – Gross Written Premium (COP Billion), 2013–2018
Figure 61: Colombian Travel Insurance – Loss Ratio (%), 2009–2013
Figure 62: Colombian Travel Insurance – Loss Ratio (%), 2013–2018
Figure 63: Colombian Health Insurance – Gross Written Premium by Sub-Category (COP Billion), 2009–2018
Figure 64: Colombian Health Insurance – Dynamics by Sub-Category, 2009–2018
Figure 65: Colombian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 66: Colombian Non-Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 67: Colombian Non-Life Health Insurance – Gross Written Premium (COP Billion), 2009–2013
Figure 68: Colombian Non-Life Health Insurance – Gross Written Premium (COP Billion), 2013–2018
Figure 69: Colombian Non-Life Health Insurance – Direct Written Premium (COP Billion), 2009–2013
Figure 70: Colombian Non-Life Health Insurance – Direct Written Premium (COP Billion), 2013–2018
Figure 71: Colombian Non-Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 72: Colombian Non-Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 73: Colombian Non-Life Health Insurance – Retentions (COP Billion), 2009–2013
Figure 74: Colombian Non-Life Health Insurance – Retentions (COP Billion), 2013–2018
Figure 75: Colombian Life Health Insurance – Number of Policies Sold (Thousand), 2009–2013
Figure 76: Colombian Life Health Insurance – Number of Policies Sold (Thousand), 2013–2018
Figure 77: Colombian Life Health Insurance – Gross Written Premium (COP Billion),2009–2013
Figure 78: Colombian Life Health Insurance – Gross Written Premium (COP Billion), 2013–2018
Figure 79: Colombian Life Health Insurance – Direct Written Premium (COP Billion), 2009–2013
Figure 80: Colombian Life Health Insurance – Direct Written Premium (COP Billion), 2013–2018
Figure 81: Colombian Life Health Insurance – Loss Ratio (%), 2009–2013
Figure 82: Colombian Life Health Insurance – Loss Ratio (%), 2013–2018
Figure 83: Colombian Life Health Insurance – Retention (COP Billion), 2009–2013
Figure 84: Colombian Life Health Insurance – Retention (COP Billion), 2013–2018
Figure 85: Colombian Personal Accident and Health Insurance – Written Premium by Distribution Channel (Percentage Share), 2013 and 2018
Figure 86: Colombian Personal Accident and Health Insurance – Direct Marketing Commission Paid (COP Billion), 2009–2013
Figure 87: Colombian Personal Accident and Health Insurance – Direct Marketing Commission Paid (COP Billion), 2013–2018
Figure 88: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (COP Billion), 2009–2013
Figure 89: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Direct Marketing (COP Billion), 2013–2018
Figure 90: Colombian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2009–2013
Figure 91: Colombian Personal Accident and Health Insurance – Policies Sold Through Direct Marketing (Thousand), 2013–2018
Figure 92: Colombian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2009–2013
Figure 93: Colombian Personal Accident and Health Insurance – Number of Direct Marketing Distributors, 2013–2018
Figure 94: Colombian Personal Accident and Health Insurance – Bancassurance Commission Paid (COP Billion), 2009–2013
Figure 95: Colombian Personal Accident and Health Insurance – Bancassurance Commission Paid (COP Billion), 2013–2018
Figure 96: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (COP Billion), 2009–2013
Figure 97: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Bancassurance (COP Billion), 2013–2018
Figure 98: Colombian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2009–2013
Figure 99: Colombian Personal Accident and Health Insurance – Policies Sold Through Bancassurance (Thousand), 2013–2018
Figure 100: Colombian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2009–2013
Figure 101: Colombian Personal Accident and Health Insurance – Number of Bancassurance Distributors, 2013–2018
Figure 102: Colombian Personal Accident and Health Insurance – Commission Paid to Agencies (COP Billion), 2009–2013
Figure 103: Colombian Personal Accident and Health Insurance – Commission Paid to Agencies (COP Billion), 2013–2018
Figure 104: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (COP Billion), 2009–2013
Figure 105: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Agencies (COP Billion), 2013–2018
Figure 106: Colombian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2009–2013
Figure 107: Colombian Personal Accident and Health Insurance – Policies Sold Through Agencies (Thousand), 2013–2018
Figure 108: Colombian Personal Accident and Health Insurance – Number of Agencies, 2009–2013
Figure 109: Colombian Personal Accident and Health Insurance – Number of Agencies, 2013–2018
Figure 110: Colombian Personal Accident and Health Insurance – E-Commerce Commission Paid (COP Billion), 2009–2013
Figure 111: Colombian Personal Accident and Health Insurance – E-Commerce Commission Paid (COP Billion), 2013–2018
Figure 112: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (COP Billion), 2009–2013
Figure 113: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through E-Commerce (COP Billion), 2013–2018
Figure 114: Colombian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2009–2013
Figure 115: Colombian Personal Accident and Health Insurance – Policies Sold Through E-Commerce (Thousand), 2013–2018
Figure 116: Colombian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2009–2013
Figure 117: Colombian Personal Accident and Health Insurance – Number of E-Commerce Distributors, 2013–2018
Figure 118: Colombian Personal Accident and Health Insurance – Commission Paid to Brokers (COP Billion), 2009–2013
Figure 119: Colombian Personal Accident and Health Insurance – Commission Paid to Brokers (COP Billion), 2013–2018
Figure 120: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (COP Billion), 2009–2013
Figure 121: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Brokers (COP Billion), 2013–2018
Figure 122: Colombian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2009–2013
Figure 123: Colombian Personal Accident and Health Insurance – Policies Sold Through Brokers (Thousand), 2013–2018
Figure 124: Colombian Personal Accident and Health Insurance – Number of Brokers, 2009–2013
Figure 125: Colombian Personal Accident and Health Insurance – Number of Brokers, 2013–2018
Figure 126: Colombian Personal Accident and Health Insurance – Commission Paid to Other Channels (COP Billion), 2009–2013
Figure 127: Colombian Personal Accident and Health Insurance – Commission Paid to Other Channels (COP Billion), 2013–2018
Figure 128: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (COP Billion), 2009–2013
Figure 129: Colombian Personal Accident and Health Insurance – Gross Written Premium New Business Through Other Channels (COP Billion), 2013–2018
Figure 130: Colombian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2009–2013
Figure 131: Colombian Personal Accident and Health Insurance – Policies Sold Through Other Channels (Thousand), 2013–2018
Figure 132: Colombian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2009–2013
Figure 133: Colombian Personal Accident and Health Insurance – Number of Distributors in Other Channels, 2013–2018
Figure 134: Colombian Personal Accident and Health Insurance Segment: Five Forces Analysis
Figure 135: Colombian Reinsurance Segment – Premium Accepted by Category (COP Billion), 2009–2018
Figure 136: Colombian Reinsurance Segment – Premium Accepted by Category (Percentage Share), 2013 and 2018
Figure 137: Colombian Reinsurance Segment – Premium Accepted Dynamics by Category, 2009–2018
Figure 138: Colombian Reinsurance Segment – Premium Ceded by Type of Insurance(COP Billion), 2009–2018
Figure 139: Colombian Reinsurance Segment – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 140: Colombian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2009–2013
Figure 141: Colombian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2013–2018
Figure 142: Colombia – Insurance Regulatory Framework
Figure 143: Colombia – Insurance Supervision and Control at Various Levels
Figure 144: Colombia – Insurance Regulatory Frameworks for Company Registration and Operation
Figure 145: Colombian Personal Accident and Health Insurance – Leading Companies (Percentage Share), 2013
Figure 146: Colombian Personal Accident and Health Insurance – Top Five Insurers’ Gross Written Premiums (COP Billion), 2013
Figure 147: Colombian Personal Accident and Health Insurance – Top Five Insurers’ Net Earned Premium (COP Billion), 2013
Figure 148: Colombian Personal Accident and Health Insurance – Top Five Insurers’ Gross Claims (COP Billion), 2013
Figure 149: Colombian Personal Accident and Health Insurance – Top Five Insurers’ Paid Claims (COP Billion), 2013
Figure 150: Colombian Personal Accident and Health Insurance – Key Insurers’ Commissions and expenses (COP Billion), 2013
Figure 151: Bolsa de Valores de Colombia Market Capitalization (US$ Billion), 2008–2012
Figure 152: Colombian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 153: Colombian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 154: Colombian GDP at Current Prices (US$ Billion), 2008–2012
Figure 155: Colombian GDP Per Capita at Current Prices (US$), 2008–2012
Figure 156: Colombian GDP by Key Sector (%), 2008 and 2012
Figure 157: Colombian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 158: Colombian Agriculture, Hunting, Forestry and Fishing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 159: Colombian Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 160: Colombian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 161: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 162: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
Figure 163: Colombian Construction Net Output at Current Prices (US$ Billion), 2008–2012
Figure 164: Colombian Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 165: Colombian Inflation Rate (%), 2008–2012
Figure 166: Colombian Exports as a Percentage of GDP (%), 2008–2012
Figure 167: Colombian Imports as a Percentage of GDP (%), 2008–2012
Figure 168: Colombian Merchandise Exports Growth (%), 2008–2012
Figure 169: Colombian Merchandise Imports Growth(%), 2008–2012
Figure 170: Colombian Annual Average Exchange Rate US$– EUR, 2008–2012
Figure 171: Colombian Commercial Vehicles Exports – Total Value (US$ Billion), 2007–2011
Figure 172: Colombian Commercial Vehicles Imports – Total Value (US$ Billion), 2007–2011
Figure 173: Colombian Automotive Exports – Total Value (US$ Billion), 2007–2011
Figure 174: Colombian Automotive Imports – Total Value (US$ Billion), 2007–2011
Figure 175: Colombian Internet Subscriptions (Millions), 2008–2012
Figure 176: Colombian Size of Labor Force (Million), 2008–2012
Figure 177: Colombian Unemployment Rate (%), 2008–2012
Figure 178: Colombian Gross National Disposable Income (US$ Billion), 2007–2011
Figure 179: Colombian Household Consumption Expenditure(US$ Billion), 2008–2012
Figure 180: Colombian Total Population (Million), 2008–2012
Figure 181: Colombian Urban and Rural Populations (%), 2008–2012
Figure 182: Colombian Population Distribution by Age (%), 2008–2012

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