Life Insurance in Colombia, Key Trends and Opportunities to 2018

Date: 2015-09

The Colombian life insurance segment recorded a compound annual growth rate (CAGR) of16.2% in terms of gross written premium during the review period (2009−2013). The segment’s performance was attributed to regulatory changes and the industry’s premium growth, the strong performance of the pension insurance category and the developing group life insurance business. These factors, along with the nation’s rise in per capita annual disposable income, are likely to generate business over the forecast period (2013−2018). As such, the segment’s gross written premium is expected to increase at a projected CAGR of 13.5% over the forecast period.

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