Insurance in Colombia - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Colombia - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
Insurance in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
SUMMARY
Insurance in Colombia industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
KEY HIGHLIGHTS
- The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
- The Colombian insurance market had total gross written premiums of $8.3bn in 2020, representing a compound annual growth rate (CAGR) of 6.4% between 2016 and 2020.
- The non-life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $5.8bn, equivalent to 69.6% of the market's overall value.
- Colombia is particularly vulnerable to natural disasters due to the country’s geographic location and topography. On the one hand, this has stimulated demand for certain types of insurance, as consumers seek to secure their property and belonging from these extreme events. However, the prevalence of natural disasters in the country could make insured losses greater, impacting insurance companies’ profits.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Colombia
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Colombia
- Leading company profiles reveal details of key insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Colombia insurance market with five year forecasts by both value and volume
- What was the size of the Colombia automotive manufacturing market by value in 2020?
- What will be the size of the Colombia automotive manufacturing market in 2025?
- What factors are affecting the strength of competition in the Colombia automotive manufacturing market?
- How has the market performed over the last five years?
- What are the main segments that make up Colombia's automotive manufacturing market?
1 EXECUTIVE SUMMARY
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Grupo de Inversiones Suramericana S.A.
8.2. Alfa Group Consortium (Wealth Management)
8.3. La Previsora S.A, Compania de Seguros
8.4. Grupo Bolivar SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape
2 MARKET OVERVIEW
2.1. Market definition
2.2. Market analysis
3 MARKET DATA
3.1. Market value
4 MARKET SEGMENTATION
4.1. Category segmentation
4.2. Geography segmentation
5 MARKET OUTLOOK
5.1. Market value forecast
6 FIVE FORCES ANALYSIS
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 COMPETITIVE LANDSCAPE
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 COMPANY PROFILES
8.1. Grupo de Inversiones Suramericana S.A.
8.2. Alfa Group Consortium (Wealth Management)
8.3. La Previsora S.A, Compania de Seguros
8.4. Grupo Bolivar SA
9 MACROECONOMIC INDICATORS
9.1. Country data
10 APPENDIX
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
LIST OF TABLES
Table 1: Colombia insurance market value: $ billion, 2016–20
Table 2: Colombia insurance market category segmentation: $ billion, 2020
Table 3: Colombia insurance market geography segmentation: $ billion, 2020
Table 4: Colombia insurance market value forecast: $ billion, 2020–25
Table 5: Colombia insurance market share: % share, by value, 2020
Table 6: Grupo de Inversiones Suramericana S.A.: key facts
Table 7: Grupo de Inversiones Suramericana S.A.: Annual Financial Ratios
Table 8: Grupo de Inversiones Suramericana S.A.: Key Employees
Table 9: Alfa Group Consortium (Wealth Management): key facts
Table 10: Alfa Group Consortium (Wealth Management): Key Employees
Table 11: La Previsora S.A, Compania de Seguros: key facts
Table 12: La Previsora S.A, Compania de Seguros: Key Employees
Table 13: Grupo Bolivar SA: key facts
Table 14: Grupo Bolivar SA: Annual Financial Ratios
Table 15: Grupo Bolivar SA: Key Employees
Table 16: Colombia size of population (million), 2016–20
Table 17: Colombia gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Colombia gdp (current prices, $ billion), 2016–20
Table 19: Colombia inflation, 2016–20
Table 20: Colombia consumer price index (absolute), 2016–20
Table 21: Colombia exchange rate, 2016–20
Table 1: Colombia insurance market value: $ billion, 2016–20
Table 2: Colombia insurance market category segmentation: $ billion, 2020
Table 3: Colombia insurance market geography segmentation: $ billion, 2020
Table 4: Colombia insurance market value forecast: $ billion, 2020–25
Table 5: Colombia insurance market share: % share, by value, 2020
Table 6: Grupo de Inversiones Suramericana S.A.: key facts
Table 7: Grupo de Inversiones Suramericana S.A.: Annual Financial Ratios
Table 8: Grupo de Inversiones Suramericana S.A.: Key Employees
Table 9: Alfa Group Consortium (Wealth Management): key facts
Table 10: Alfa Group Consortium (Wealth Management): Key Employees
Table 11: La Previsora S.A, Compania de Seguros: key facts
Table 12: La Previsora S.A, Compania de Seguros: Key Employees
Table 13: Grupo Bolivar SA: key facts
Table 14: Grupo Bolivar SA: Annual Financial Ratios
Table 15: Grupo Bolivar SA: Key Employees
Table 16: Colombia size of population (million), 2016–20
Table 17: Colombia gdp (constant 2005 prices, $ billion), 2016–20
Table 18: Colombia gdp (current prices, $ billion), 2016–20
Table 19: Colombia inflation, 2016–20
Table 20: Colombia consumer price index (absolute), 2016–20
Table 21: Colombia exchange rate, 2016–20
LIST OF FIGURES
Figure 1: Colombia insurance market value: $ billion, 2016–20
Figure 2: Colombia insurance market category segmentation: % share, by value, 2020
Figure 3: Colombia insurance market geography segmentation: % share, by value, 2020
Figure 4: Colombia insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Colombia, 2020
Figure 6: Drivers of buyer power in the insurance market in Colombia, 2020
Figure 7: Drivers of supplier power in the insurance market in Colombia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Colombia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Colombia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Colombia, 2020
Figure 11: Colombia insurance market share: % share, by value, 2020
Figure 1: Colombia insurance market value: $ billion, 2016–20
Figure 2: Colombia insurance market category segmentation: % share, by value, 2020
Figure 3: Colombia insurance market geography segmentation: % share, by value, 2020
Figure 4: Colombia insurance market value forecast: $ billion, 2020–25
Figure 5: Forces driving competition in the insurance market in Colombia, 2020
Figure 6: Drivers of buyer power in the insurance market in Colombia, 2020
Figure 7: Drivers of supplier power in the insurance market in Colombia, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Colombia, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Colombia, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Colombia, 2020
Figure 11: Colombia insurance market share: % share, by value, 2020
