Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2021

Publisher Name :
Date: 27-Jul-2017
No. of pages: 110
Inquire Before Buying

Synopsis

Timetric's 'Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Colombian life insurance segment, and a comparison of the Colombian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2012-2016) and forecast period (2016-2021).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Colombian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric's 'Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2021' report provides in-depth market analysis, information and insights into the Colombian personal accident and health insurance segment, including:

• An overview of the Colombian personal accident and health insurance segment

• The Colombian personal accident and health insurance segment's growth prospects by category

• A comprehensive overview of the Colombian economy and demographics

• A comparison of the Colombian personal accident and health insurance segment with its regional counterparts

• The various distribution channels in the Colombian personal accident and health insurance segment

• Details of the competitive landscape in the personal accident and health insurance segment in Colombia

• Details of regulatory policy applicable to the Colombian insurance industry

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 2012-2016 review period, and projected figures for the 2016-2021 forecast period.

• It offers a detailed analysis of the key categories in the Colombian personal accident and health insurance segment, and market forecasts to 2021.

• It provides a comparison of the Colombian personal accident and health insurance segment with its regional counterparts

• It provides an overview of the various distribution channels for personal accident and health insurance products in Colombia.

• 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 in the Colombian personal accident and health insurance segment.

• Assess the competitive dynamics in the personal accident and health insurance 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

• On December 31, 2015, the International Financial Reporting Standards (IFRS) were fully implemented in Colombia.

• On February 16, 2015, the Statutory Health Law was passed, under which healthcare became a fundamental right of all Colombian citizens.

• In February 2015, the Colombian government approved banks and insurers to sell microinsurance policies, including personal accident through retailers, drugstores and superstores.

• Colombia's personal accident and health segment is concentrated, with the five leading companies accounting for 78.7% of gross written premium in 2016.

Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2021

Table of Contents
1 KEY FACTS AND HIGHLIGHTS
2 EXECUTIVE SUMMARY
3 ECONOMY AND DEMOGRAPHY
4 SEGMENT OUTLOOK
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Active policies
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 OUTLOOK BY CATEGORY
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Active policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Active policies
5.2.3 Claims
5.2.4 Profitability
6 DISTRIBUTION CHANNEL OUTLOOK
7 COMPETITIVE LANDSCAPE
7.1 Company Profiles
7.1.1 Seguros de Vida Suramericana SA - company overview
7.1.2 Allianz Seguros de Vida SA - company overview
7.1.3 Cardif Colombia Seguros Generales SA - company overview
7.1.4 Bolivar Vida - company overview
7.1.5 Chubb de Colombia Compañía de Seguros SA - company overview
8 GOVERNANCE, RISK AND COMPLIANCE
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Motor third-party liability insurance
8.4.2 Workers' compensation insurance
8.4.3 Professional indemnity insurance for reinsurance brokers
8.4.4 Personal accident insurance for passengers of public vehicles
8.4.5 Liability insurance for Colombian Stock Exchange brokers
8.4.6 Liability insurance for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Financial Superintendence of Colombia
8.5.4 Federación de Aseguradores Colombianos (Fasecolda)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
8.8 Taxation
8.8.1 Insurance premium or policy taxations
8.8.2 Withholding taxes on premium paid overseas.
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 DATABOOK
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Personal Accident Insurance
9.5 Health Insurance
9.6 Health Insurance by Category
10 DEFINITIONS AND METHODOLOGY
10.1 Definitions
10.2 Methodology
11 ABOUT TIMETRIC
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

List of Tables
Table 1: Colombian Personal Accident and Health Insurance - Key Facts, 2016
Table 2: Colombian Personal Accident and Health Insurance - Segment Shares of the Top Insurers, 2016
Table 3: Colombian Government Credit Ratings
Table 4: Colombian Motor Insurance - Road Accidents, 2011-2015
Table 5: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion and US$ Million), 2012-2016
Table 6: Colombian Personal Accident and Health Insurance - Penetration (%), 2012-2016
Table 7: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion and US$ Million), 2016-2021
Table 8: Colombian Personal Accident and Health Insurance - Penetration (%), 2016-2021
Table 9: Colombian Personal Accident and Health Insurance - Premium per Capita (COP and US$), 2012-2016
Table 10: Colombian Personal Accident and Health Insurance - Premium per Capita (COP and US$), 2016-2021
Table 11: Colombian Personal Accident and Health Insurance - Number of Active Policies (Million), 2012-2016
Table 12: Colombian Personal Accident and Health Insurance - Number of Active Policies (Million), 2016-2021
Table 13: Colombian Personal Accident and Health Insurance - Paid Claims (COP Billion and US$ Million), 2012-2016
Table 14: Colombian Personal Accident and Health Insurance - Paid Claims (COP Trillion and US$ Million), 2016-2021
Table 15: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2012-2016
Table 16: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2016-2021
Table 17: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion and US$ Billion), 2012-2016
Table 18: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion and US$ Billion), 2016-2021
Table 19: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion and US$ Million), 2012-2016
Table 20: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion and US$ Million), 2016-2021
Table 21: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Trillion), 2012-2016
Table 22: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Trillion), 2016-2021
Table 23: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion), 2012-2016
Table 24: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion), 2016-2021
Table 25: Colombian Personal Accident Insurance - Direct Written Premium (COP Billion and US$ Million), 2012-2016
Table 26: Colombian Personal Accident Insurance - Direct Written Premium (COP Trillion and US$ Million), 2016-2021
Table 27: Colombian Personal Accident Insurance - Number of Active Policies (Million), 2012-2016
Table 28: Colombian Personal Accident Insurance - Number of Active Policies (Million), 2016-2021
Table 29: Colombian Personal Accident Insurance - Paid Claims (COP Billion and US$ Million), 2012-2016
Table 30: Colombian Personal Accident Insurance - Paid Claims (COP Billion and US$ Million), 2016-2021
Table 31: Colombian Personal Accident Insurance - Loss Ratio (%), 2012-2016
Table 32: Colombian Personal Accident Insurance - Loss Ratio (%), 2016-2021
Table 33: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Billion), 2012-2016
Table 34: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Billion), 2016-2021
Table 35: Colombian Health Insurance - Number of Active Policies by Sub-Category (Million), 2012-2016
Table 36: Colombian Health Insurance - Number of Active Policies by Sub-Category (Million), 2016-2021
Table 37: Colombian Health Insurance - Paid Claims (COP Billion and US$ Million), 2012-2016
Table 38: Colombian Health Insurance - Paid Claims (COP Billion and US$ Million), 2016-2021
Table 39: Colombian Health Insurance - Loss Ratio (%), 2012-2016
Table 40: Colombian Health Insurance - Loss Ratio (%), 2016-2021
Table 41: Colombian Personal Accident and Health Segment - Market Shares of Leading Insurers (%), 2016
Table 42: Seguros de Vida Suramericana SA - Key Facts
Table 43: Allianz Seguros de Vida SA - Key Facts
Table 44: Cardif Colombia Seguros Generales SA - Key Facts
Table 45: Bolivar Vida - Key Facts
Table 46: Chubb de Colombia Compañía de Seguros SA - Key Facts
Table 47: Colombia - Insurance Regulatory Framework Key Features
Table48: Colombia - Life Insurance Regulatory Framework
Table49: Colombia - Property Insurance Regulatory Framework
Table50: Colombia - Motor Insurance Regulatory Framework
Table51: Colombia - Liability Insurance Regulatory Framework
Table 52: Colombia - Ratings Required For Registration Of Reinsurance Business
Table53: Colombia - Corporate Tax Rates for the Financial Year 2017
Table 54: Colombian Personal Accident and Health Insurance Industry - Policies and Premium, 2012-2016
Table 55: Colombian Personal Accident and Health Insurance Industry - Policies and Premium, 2016-2021
Table 56: Colombian Personal Accident and Health Insurance - Claims and Expenses, 2012-2016
Table 57: Colombian Personal Accident and Health Insurance - Claims and Expenses, 2016-2021
Table 58: Colombian Personal Accident and Health Insurance - Assets and Investments, 2012-2016
Table 59: Colombian Personal Accident and Health Insurance - Assets and Investments, 2016-2021
Table 60: Colombian Personal Accident and Health Insurance - Personal Accident Insurance, 2012-2016
Table 61: Colombian Personal Accident and Health Insurance - Personal Accident Insurance, 2016-2021
Table 62: Colombian Personal Accident and Health Insurance - Health Insurance, 2012-2016
Table 63: Colombian Personal Accident and Health Insurance - Health Insurance, 2016-2021
Table 64: Colombian Personal Accident and Health Insurance - Health Insurance by Product, 2012-2016
Table 65: Colombian Personal Accident and Health Insurance - Health Insurance by Product, 2016-2021
Table 66: 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 Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Colombian Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Colombian Personal Accident and Health Insurance - Gross Written Premium (COP Trillion), 2012-2021
Figure 10: Colombian Personal Accident and Health Insurance - Penetration (%), 2012-2021
Figure 11: Colombian Personal Accident and Health Insurance - Premium per Capita (COP), 2012-2021
Figure 12: Colombian Personal Accident and Health Insurance - Number of Active Policies (Million), 2012-2021
Figure 13: Colombian Personal Accident and Health Insurance - Paid Claims (COP Billion), 2012-2021
Figure 14: Colombian Personal Accident and Health Insurance - Profitability Ratio (%), 2012-2021
Figure 15: Colombian Personal Accident and Health Insurance - Total Assets (COP Trillion), 2012-2021
Figure 16: Colombian Personal Accident and Health Insurance - Total Investment Income (COP Billion), 2012-2021
Figure 17: Colombian Personal Accident and Health Insurance - Investment Portfolio (COP Trillion), 2012-2021
Figure 18: Colombian Personal Accident and Health Insurance - Investment Portfolio Dynamics by Types of Investment, 2012-2021
Figure 19: Colombian Personal Accident and Health Insurance - Direct Written Premium by Category (COP Trillion), 2012-2021
Figure 20: Colombian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2012-2021
Figure 21: Colombian Personal Accident Insurance - Direct Written Premium (COP Billion), 2012-2021
Figure 22: Colombian Personal Accident Insurance - Number of Active Policies (Million), 2012-2021
Figure 23: Colombian Personal Accident Insurance - Paid Claims (COP Billion), 2012-2021
Figure 24: Colombian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (COP Billion and %), 2012-2021
Figure 25: Colombian Health Insurance - Direct Written Premium by Sub-Category (COP Billion), 2012-2021
Figure 26: Colombian Health Insurance - Direct Written Premium Dynamics by Sub-Category, 2012-2021
Figure 27: Colombian Health Insurance - Number of Active Policies by Sub-Category (Million), 2012-2021
Figure 28: Colombian Health Insurance - Paid Claims (COP Billion), 2012-2021
Figure 29: Colombian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (COP Billion and %), 2012-2021
Figure 30: Colombian Personal Accident and Health Segment - Market Shares of Leading Insurers (%), 2016
Figure 31: Colombia - Insurance Supervision and Control at Various Levels
Figure 32: Colombia - Insurance Regulatory Frameworks for Company Registration and Operation
  • Personal Accident and Health Insurance in Croatia, Key Trends and Opportunities to 2020
    Published: 30-Sep-2017        Price: US 1450 Onwards        Pages: 139
    Synopsis Timetric's 'Personal Accident and Health Insurance in Croatia, Key Trends and Opportunities to 2020' report provides detailed analysis of the trends, drivers, challenges in the Croatian personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011-2015) and forecast......
  • Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2021
    Published: 30-Sep-2017        Price: US 1450 Onwards        Pages: 74
    Synopsis Timetric's 'Personal Accident and Health Insurance in Uruguay, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Uruguayan personal accident and health insurance segment, and a comparison of the Uruguayan insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, t......
  • Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020
    Published: 20-Sep-2017        Price: US 1450 Onwards        Pages: 108
    Synopsis Timetric's 'Personal Accident and Health Insurance in Latvia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Latvian personal accident and health insurance segment, and a comparison of the Latvian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total ......
  • Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2021
    Published: 20-Sep-2017        Price: US 1450 Onwards        Pages: 121
    Synopsis Timetric's 'Personal Accident and Health Insurance in Russia, Key Trends and Opportunities to 2021' report provides a detailed outlook by product category for the Russian personal accident and health insurance segment, and a comparison of the Russian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total ......
  • Global Health Insurance Market Size, Status and Forecast 2022
    Published: 11-Sep-2017        Price: US 3300 Onwards        Pages: 96
    This report studies the global Health Insurance market, analyzes and researches the Health Insurance development status and forecast in United States, EU, Japan, China, India and Southeast Asia. This report focuses on the top players in global market, like - WellPoint Inc - UnitedHealth Group - DKV - BUPA - Kaiser Permanente - Aetna Inc - PICC - PingAn - Kunlun Market segment by Regions/Countries, this report covers......
  • Personal Accident and Health Insurance in Israel, Key Trends and Opportunities to 2020
    Published: 31-Aug-2017        Price: US 1450 Onwards        Pages: 90
    Synopsis Timetric's 'Personal Accident and Health Insurance in Israel, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Israeli personal accident and health insurance segment, and a comparison of the Israeli insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment inc......
  • Personal Accident and Health Insurance in Slovenia, Key Trends and Opportunities to 2020
    Published: 30-Aug-2017        Price: US 1450 Onwards        Pages: 127
    Synopsis Timetric's 'Personal Accident and Health Insurance in Slovenia, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Slovenian personal accident and health insurance segment, and a comparison of the Slovenian insurance industry with its regional counterparts. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investme......
  • Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2020
    Published: 16-Aug-2017        Price: US 1450 Onwards        Pages: 119
    Synopsis Timetric's 'Personal Accident and Health Insurance in Austria, Key Trends and Opportunities to 2020' report provides a detailed analysis of the trends, drivers, challenges in the Austrian personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2011-2015) and forecast periods......
  • Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020
    Published: 16-Aug-2017        Price: US 1450 Onwards        Pages: 88
    Synopsis Timetric's 'Personal Accident and Health Insurance in Cyprus, Key Trends and Opportunities to 2020' report provides a detailed analysis of the trends, drivers, challenges in the Cypriot personal accident and health insurance segment. It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review (2011-2015) and forecast periods (......
  • SERVICES
    Value for Money
    We believe in "optimum utilization of available budget and resources". While servicing our clients' (your) market research requirements, we keep the same approach in focus to help you get the best value for your $$s.
    Ever Growing Inventory
    Ranging from the smallest feasible / required data (datasheets, data facts, SWOT analysis, company profiles, etc) to full research reports that help you make decisions, our inventory is updated almost on a daily basis with the latest industry reports from domain experts that track more than 5000 niche sectors.
    One Stop Solution
    Need a custom research report on medical devices market? Require all available business intelligence on 3D printing industry? Exploring F&B sector of a particular country/region? RnRMarketResearch.com is your one-stop-solution to all market intelligence needs. We not only offer custom research and consulting services, we also "bundle" reports to meet your needs and help you fetch the data analysis you require for your business.
    Dedicated Client Engagement
    Not limited to only "finding" relevant reports for you, our client engagement team dedicates its efforts to understand your "business need" and accordingly maps available research data to help you move forward. Call "your" client engagement executive any time of your day and get your questions answered in order to make the correct business decision.
    Saving Time and Efforts
    Simply share your research requirement details with us and let us do all the hard work to find required intelligence for you. When you add up our "one stop solution" and "dedicated client engagement" services mentioned above, you obviously know the time and effort saving you do by working with us.
    Payment Flexibility
    Working with Fortune 500 organizations, we understand the importance of being flexible for payments. Share your payment terms with us and we will surely match up to them to ensure you get access to required business intelligence data without having to wait for the payment to be done.
    Post-Purchase Research Support
    Have questions after reading a report / datasheet bought through us? Not sure about the methodology used for data available in the research? Talk to us / Share your questions with us and if required, we will connect you with the analyst(s)/author(s) of the report(s) and ensure you get satisfactory answers for the same. Need more data / analysis / report(s) on the topic of your research/project? The RnRMarketResearch.com team is here for you 24X7 to support you with your post-purchase requirements. Subscription Offers & Packages (Get in touch with us for more details - sales@rnrmarketresearch.com / +1 888 391 5441 )
    • Ad Hoc
    • Pay - as - you - go / Bucket Subscriptions
    • Fixed Cost for #of reports
    • Customize / Personalize as per your needs