Colombia

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• Key insights and explanations of market developments
• Details Colombia's insurance regulatory framework & tax regime
• The newest legislative changes and upcoming considerations
• The latest developments in risk considerations
• Details on the competitive landscape
• Market statistics and company performance

Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Colombian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Colombia's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Colombian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Colombia's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.

The report describes Colombia's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Colombia, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.

View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Colombia, their market share and investigates how much premium is written through the sector’s different distribution channels.

Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Colombia with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.