Colombia Life Insurance Market to 2027
Colombia Life Insurance Market to 2027
Summary
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
Summary
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%.
- 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
- 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?
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 the leading players follow?
8 COMPANY PROFILES
8.1. Seguros Alfa SA
8.2. Compania De Seguros Bolivar SA
8.3. Seguros Generales Suramericana
8.4. Global Seguros de Vida 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 the leading players follow?
8 COMPANY PROFILES
8.1. Seguros Alfa SA
8.2. Compania De Seguros Bolivar SA
8.3. Seguros Generales Suramericana
8.4. Global Seguros de Vida 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 life insurance market value: $ billion, 2017–22
Table 2: Colombia life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Colombia life insurance market category segmentation: $ billion, 2017-2022
Table 4: Colombia life insurance market geography segmentation: $ billion, 2018–2022
Table 5: Colombia life insurance market value forecast: $ billion, 2022–27
Table 6: Colombia life insurance market share: % share, by value, 2022
Table 7: Seguros Alfa SA: key facts
Table 8: Seguros Alfa SA: Key Employees
Table 9: Compania De Seguros Bolivar SA: key facts
Table 10: Compania De Seguros Bolivar SA: Key Employees
Table 11: Seguros Generales Suramericana: key facts
Table 12: Seguros Generales Suramericana: Key Employees
Table 13: Global Seguros de Vida SA: key facts
Table 14: Colombia size of population (million), 2018–22
Table 15: Colombia gdp (constant 2005 prices, $ billion), 2018–22
Table 16: Colombia gdp (current prices, $ billion), 2018–22
Table 17: Colombia inflation, 2018–22
Table 18: Colombia consumer price index (absolute), 2018–22
Table 19: Colombia exchange rate, 2018–22
Table 1: Colombia life insurance market value: $ billion, 2017–22
Table 2: Colombia life insurance market category segmentation: % share, by value, 2017–2022
Table 3: Colombia life insurance market category segmentation: $ billion, 2017-2022
Table 4: Colombia life insurance market geography segmentation: $ billion, 2018–2022
Table 5: Colombia life insurance market value forecast: $ billion, 2022–27
Table 6: Colombia life insurance market share: % share, by value, 2022
Table 7: Seguros Alfa SA: key facts
Table 8: Seguros Alfa SA: Key Employees
Table 9: Compania De Seguros Bolivar SA: key facts
Table 10: Compania De Seguros Bolivar SA: Key Employees
Table 11: Seguros Generales Suramericana: key facts
Table 12: Seguros Generales Suramericana: Key Employees
Table 13: Global Seguros de Vida SA: key facts
Table 14: Colombia size of population (million), 2018–22
Table 15: Colombia gdp (constant 2005 prices, $ billion), 2018–22
Table 16: Colombia gdp (current prices, $ billion), 2018–22
Table 17: Colombia inflation, 2018–22
Table 18: Colombia consumer price index (absolute), 2018–22
Table 19: Colombia exchange rate, 2018–22
LIST OF FIGURES
Figure 1: Colombia life insurance market value: $ billion, 2017–22
Figure 2: Colombia life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Colombia life insurance market geography segmentation: % share, by value, 2018,2022
Figure 4: Colombia life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Colombia, 2022
Figure 6: Drivers of buyer power in the life insurance market in Colombia, 2022
Figure 7: Drivers of supplier power in the life insurance market in Colombia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Colombia, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Colombia, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Colombia, 2022
Figure 11: Colombia life insurance market share: % share, by value, 2022
Figure 1: Colombia life insurance market value: $ billion, 2017–22
Figure 2: Colombia life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Colombia life insurance market geography segmentation: % share, by value, 2018,2022
Figure 4: Colombia life insurance market value forecast: $ billion, 2022–27
Figure 5: Forces driving competition in the life insurance market in Colombia, 2022
Figure 6: Drivers of buyer power in the life insurance market in Colombia, 2022
Figure 7: Drivers of supplier power in the life insurance market in Colombia, 2022
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Colombia, 2022
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Colombia, 2022
Figure 10: Drivers of degree of rivalry in the life insurance market in Colombia, 2022
Figure 11: Colombia life insurance market share: % share, by value, 2022
