Rising numbers of outbound travelers,
sustainable economic development, and regulatory changes had a positive impact
on the overall growth of the Colombian personal accident and health insurance
segment during the review period. The segment grew at a CAGR of 8.9%, to reach
a value of COP1.4 trillion (US$0.8 billion) in 2012. Rising medical expenses
and increased numbers of fatal road traffic accidents were other contributors
to the growth. In 2013, a new healthcare bill was submitted to Colombia’s
Senate Secretary to nationalize the country’s healthcare system. If approved,
it is expected to generate significant business for health insurance. This,
coupled with the projected positive economic trend, will support the growth of
Colombian personal accident and health insurance over the forecast period. The
segment’s written premium is projected to increase from COP1.4 trillion (US$0.8
billion) in 2012 to COP2.2 trillion (US$1.2 billion) in 2017, at a
forecast-period CAGR of 9.3%.
The report provides in depth market analysis,
information and insights into the Colombian personal accident and health
insurance segment, including:
- The Colombian personal accident and health insurance segment’s growth prospects by insurance - categories
- Key trends and drivers for the personal accident and health insurance segment
- The various distribution channels in the Colombian personal accident and health insurance segment
- Detailed competitive landscape in the personal accident and health insurance segment in Colombia
- A description of the personal accident and health reinsurance segment in Colombia
- Porter's Five Forces Analysis of the personal accident and health insurance segment
- Benchmarking section on the Colombian personal accident and health insurance segment in comparison to other countries in Central and Latin America
Scope
This report provides a comprehensive analysis
of the personal accident and health insurance segment in Colombia:
- It provides historical values for Colombia's personal accident and health insurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period
- It offers a detailed analysis of the key sub-segments in Colombia's personal accident and health insurance segment, along with market forecasts until 2017
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for personal accident and health insurance products in Colombia
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Colombia for the personal accident and health insurance segment
- It provides a detailed analysis of the reinsurance segment in Colombia and its growth prospects
- 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 within the Colombian personal accident and health insurance segment
- Assess the competitive dynamics in the personal accident and health insurance segment, along with the reinsurance segment
- Identify the growth opportunities and market dynamics within key product categories
- Gain insights into key regulations governing the Colombian insurance segment and its impact on companies and the market's future
Key
Highlights
- The segment grew at a CAGR of 8.9%, to reach a value of COP1.4 trillion (US$0.8 billion) in 2012
- In 2013, a new healthcare bill was submitted to Colombia’s Senate Secretary to nationalize the country’s healthcare system. If approved, it is expected to generate significant business for health insurance
- Colombia has one of the highest uninsured populations in Latin America
- The insurance industry is regulated and governed by the Financial Superintendence of Colombia (SFC). It functions under the Ministry of Finance, with legal, administrative and financial autonomy
- Colombia has a highly competitive personal accident and health insurance segment, which includes both domestic and foreign insurance companies
Spanning
over 235 pages, 137 table and 171 figures, “Personal Accident and Health Insurance in Colombia, Key Trends and
Opportunities to 2017” report provides information on market overview,
drivers and challenge, competition and key trends.
In addition to covering the Regional Market Dynamics,
Personal Accident and Health Insurance Segment - Regional Benchmarking,
Colombian Insurance Industry Attractiveness, Personal Accident and Health
Insurance Segment Outlook, Analysis by Distribution Channels, Porter's Five
Forces Analysis -Personal Accident and Health Insurance, Reinsurance Growth
Dynamics and Challenges, Governance, Risk and Compliance, Competitive Landscape
and Strategic Insights, Business Environment and Country Risk. The report
covers 10 companies- Suramericana de Seguros SA, ACE Seguros, AIG Colombia
Seguros de Vida, Metlife Colombia Seguros de Vida SA, Seguros del Estado SA,
Mapfre Colombia, Liberty Seguros Colombia, Solidaria, RSA, Cardif.
Find
all Insurance reports under a single
page
Other Reports;
1st-
Non-Life Insurance in Colombia, Key Trends and Opportunities to 2017; Visit- http://www.marketresearchreports.com/timetric/non-life-insurance-colombia-key-trends-and-opportunities-2017
2nd- Life Insurance
in Colombia, Key Trends and Opportunities to 2017; Visit- http://www.marketresearchreports.com/timetric/life-insurance-colombia-key-trends-and-opportunities-2017
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