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Reinsurance in Colombia, Key Trends and Opportunities to 2021

Published By :

Timetric

Published Date : Jul 2017

Category :

Insurance

No. of Pages : 43 Pages

Synopsis
Timetrics 'Reinsurance in Colombia, Key Trends and Opportunities to 2021' report provides detailed analysis of the market trends, drivers and challenges in the Colombian reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (20122016) and forecast period (20162021).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Colombian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Colombian insurance industry.

The report brings together Timetrics research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetrics 'Reinsurance in Colombia, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Colombian reinsurance segment, including:

An outlook of the Colombian reinsurance segment

A comprehensive overview of the Colombian economy and demographics

Detailed analysis of natural hazards and their impact on the Colombian insurance industry

The competitive landscape in the Colombian reinsurance segment

Scope
This report provides a comprehensive analysis of the reinsurance segment in Colombia:

It provides historical values for the Colombian reinsurance segment for the reports 20122016 review period, and projected figures for the 20162021 forecast period.

It offers a detailed analysis of the key categories in the Colombian reinsurance segment, and market forecasts to 2021.

It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Colombia, and the reinsurance segment's growth prospects.

It analyzes various natural and man-made hazards and their impact on the Colombian insurance industry


Reasons To Buy
Make strategic business decisions using in-depth historic and forecast market data related to the Colombian reinsurance segment, and each category within it.

Understand the demand-side dynamics, key market trends and growth opportunities in the Colombian reinsurance segment.

Identify growth opportunities and market dynamics in key product categories.

Gain insights into key regulations governing the Colombian insurance industry, and their impact on companies and the industry's future.

Key Highlights
In February 2017, Superintendencia Financiera de Colombia (SFC) approved the catastrophe modeling services for earthquake risks developed by a catastrophe risk management firm, Risk Management Solutions, and the earthquake model developed by catastrophe modeling firm Air Worldwide (Air).

In January 2017, Brazilian reinsurer, Terra Brasis Re started operations in Colombia, and became the first Brazilian reinsurer to set up an office in the country.

In December 2016, the Colombian government passed Law 1819, which introduced a 1% withholding tax on reinsurance premiums ceded to non-resident entities.

In 2015, the regulator increased tax rates for those foreign entities not permanently established in the country, going from 33.0% in 2014 to 39.0% in 2015.
Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHY
4 REINSURANCE OUTLOOK
4.1 Reinsurance Segment Size
4.1.1 Reinsurance premium accepted
4.2 Reinsurance by Premium Ceded
5 NATURAL AND MAN-MADE HAZARDS
5.1 Flooding
5.2 Droughts
5.3 Earthquakes
5.4 Wildfires
5.5 Volcanic Activity
5.6 Epidemics
5.7 Exposure
6 COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Scor Re - company overview
6.1.2 Mapfre Re - company overview
6.1.3 Hannover Rckversicherung AG - company overview
6.1.4 Mnchener de Colombia SA - company overview
7 DEFINITION AND METHODOLOGY
7.1 Definitions
7.2 Methodology
8 ABOUT TIMETRIC
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetric's Services
8.4 Disclaimer

List of Tables
Table 1: Colombian Reinsurance - Key Facts, 2016
Table 2: Colombian Reinsurance - Leading Reinsurers, 2016
Table 3: Colombian Government Credit Ratings
Table 4: Colombian Reinsurance - Premium Accepted (COP Billion and US$ Million), 2012-2016
Table 5: Colombian Reinsurance - Premium Accepted (COP Trillion and US$ Million), 2016-2021
Table 6: Colombian Reinsurance - Premium Ceded by Segment (COP Billion), 2012-2016
Table 7: Colombian Reinsurance - Premium Ceded by Segment (COP Billion), 2015-2020
Table 8: Colombian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 9: Colombian Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
Table 10: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 11: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
Table 12: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2016
Table 13: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2016-2021
Table 14: Colombian Reinsurance Industry - Leading Insurers, 2016
Table 15: Scor Re - Key Facts
Table 16: Mapfre Re - Key Facts
Table 17: Hannover Rckversicherung AG - Key Facts
Table 18: Mnchener de Colombia SA - Key Facts
Table 19: Insurance Industry Definitions

List of Figures
Figure 1: Colombian Real GDP (US$ Billion), 2012-2021
Figure 2: Colombian Current Account Balance as Percentage of GDP (%), 2012-2016
Figure 3: Colombian Consumer Price Inflation (%), 2012-2021
Figure 4: Colombian COP-US$ Exchange Rate, 2011-2020
Figure 5: Colombian Unemployment Rate, 2012-2021
Figure 6: Colombian Population by Age Group, 1991-2025
Figure 7: Colombian Reinsurance - Premium Accepted (COP Billion), 2012-2021
Figure 8: Colombian Reinsurance - Premium Ceded by Segment (COP Billion), 2012-2021
Figure 9: Colombian Reinsurance - Premium Ceded Dynamics by Segment, 2012-2021
Figure 10: Colombian Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 11: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 12: Colombian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2012-2021
Figure 13: Colombia - Frequency of Hazards by Type, 1990-2015
Figure 14: Colombian Mortality by Hazards Type, 1990-2015
Figure 15: Colombian Economic Loss by Hazards Type, 1990-2015

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