Life Insurance in Colombia industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The market is segmented into Life Insurance and Pension/Annuity.
- The Colombian life insurance market had total gross written premiums of $3.1 billion in 2022, representing a compound annual growth rate (CAGR) of 9.2% between 2017 and 2022.
- The pension/annuity segment accounted for the market's largest proportion in 2022, with total gross written premiums of $2.4 billion, equivalent to 78% of the market's overall value.
- Life insurance coverage in the Colombian population is relatively low. According to in-house research, in 2022, life insurance penetration (ratio of premiums to GDP) in Colombia was 1.2%.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Colombia
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Colombia life insurance market with five year forecasts
Reasons to Buy
- What was the size of the Colombia life insurance market by value in 2022?
- What will be the size of the Colombia life insurance market in 2027?
- What factors are affecting the strength of competition in the Colombia life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Colombia's life insurance market?
Table of Contents
1 Executive Summary
2 Market Overview
3 Market Data
4 Market Segmentation
5 Market Outlook
6 Five Forces Analysis
7 Competitive Landscape
8 Company Profiles
9 Macroeconomic Indicators
10 Appendix
List of Tables
List of Figures
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- Seguros Alfa SA
- Compania De Seguros Bolivar SA
- Seguros Generales Suramericana
- Global Seguros de Vida SA
