In 2017, written premiums in Colombia rose by 5.5% in real terms and 8% y/y in nominal terms, despite a backdrop of slow economic activity. In comparison, globally the value of written premiums grew by just 1.5% in real terms in 2017, according to a report by the Switzerland-based insurer Swiss Re. During the 2008-2017 period, the insurance sector in Colombia grew faster than its GDP, driving up penetration rates. Despite this positive performance, insurance penetration lags behind that of developed countries and regional leaders such as Brazil and Chile. This, coupled with government efforts to improve the country’s solvency framework, offers lucrative opportunities for domestic and foreign investors.

01 EXECUTIVE SUMMARY 

02 SECTOR IN FOCUS

03 COMPETITIVE LANDSCAPE 

04 COMPANIES IN FOCUS

05 REGULATORY ENVIRONMENT 

06 LIFE INSURANCE 

07 NON-LIFE INSURANCE 

08 REINSURANCE 

09 RETAIL CHANNELS