Regulatory Developments to Support Colombia Life Insurance Market: Ken Research

Ken Research’s publication titled “Life Insurance in Colombia, Key Trends and Opportunities to 2020” provides insights on changing trends and key issues within Latin American life insurance market mainly in Columbia. This publication covers past, present and future analysis of the market. It further discusses life insurance segment’s growth prospects by category, comprehensive overview of the Colombian economy and demographics and various distribution channels.

Key Topics Covered

Provides comprehensive analysis of life insurance segment in Columbia
Provides historical value for Columbian life insurance segment (2011-2015)
Provides comparison of Columbian life insurance segment with regional counterparts
Analyze distribution channels for life insurance products in Columbia
It provides collection of top life insurance companies in Columbia

Columbia has a population of 47 million, with 65% of its populace between the ages of 15-64 years and only 5.5%over the age of 65. Columbia is the third most populated country in Latin America after brazil and Mexico. High unemployment and tax increases continue to diminish personal consumption. But Latin American countries are populous, young and rapidly growing, a good combination for long term financial services growth,

Columbia has experienced economic growth over past 5 years as foreign investments have increased. Export oriented growth strategy, a dedication to reducing public debt and the reigning of government budgetsa HavegreatlyColumbia’s GDP. In today’s time, Columbia stands at being 40^th largest insurance market in the world.

The Colombian life insurance segment performance was attributed to regulatory changes and the industries premium growth, the strong performance of the insurance category and developing group life insurance business. These factors, along with the nations rise in older capita, annual disposable income, are likely to generate business over the forecast period (2016-2020).

Topics Covered in the Report