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Personal Accident and Health Insurance in Colombia to 2017:Industry Trends, Size and Shares Research Report

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Personal Accident and Health Insurance in Colombia to 2017:Industry Trends, Size and Shares Research Report …

Personal Accident and Health Insurance in Colombia to 2017:Industry Trends, Size and Shares Research Report @http://www.researchmoz.us/personal-accident-and-health-insurance-in-colombia-key-trends-and-opportunities-to-2017-report.html

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  • 1. Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017 Synopsis 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 Executive summary 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%. 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 in Colombia, Key Trends and Opportunities to 2017
  • 2. 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 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Personal Accident And Health Insurance Segment - Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Market Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Personal Accident And Health Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017
  • 3. 4.3.2 Incurred Losses Per Capita 4.3.3 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Bancassurance 4.4.3 Agencies 5 Colombian Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008-2017 5.2 Key Industry Trends And Drivers 6 Personal Accident And Health Insurance Segment Outlook 6.1 Personal Accident And Health Insurance Growth Prospects By Category 6.1.1 Personal Accident Insurance 6.1.2 Travel Insurance 6.1.3 Health Insurance 6.1.4 Non-life Health Insurance 6.1.5 Life Health Insurance 7 Analysis By Distribution Channels 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Porter's Five Forces Analysis -personal Accident And Health Insurance 8.1 Bargaining Power Of Suppliers: Low To Medium 8.2 Bargaining Power Of Buyers: Low To Medium 8.3 Barriers To Entry: Low To Medium 8.4 Intensity Of Rivalry: Medium 8.5 Threat Of Substitutes: Low 9 Reinsurance Growth Dynamics And Challenges 9.1 Reinsurance Segment Size, 2008-2017 9.2 Reinsurance Segment Size By Type Of Insurance, 2008-2017 Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017
  • 4. 10 Governance, Risk And Compliance 10.1 Legislation Overview And Historical Evolution 10.2 Regulations By Type Of Insurances 10.2.1 Life Insurance Regulations 10.2.1 Property Insurance Regulations 10.2.2 Motor Insurance Regulations 10.2.3 Marine, Aviation And Transit Insurance Regulations 10.2.4 Personal Accident And Health Insurance Regulations 10.3 Compulsory Insurance 10.3.1 Motor Third-party Liability Insurance 10.3.2 Workers' Compensation Insurance 10.4 Supervision And Control 10.4.1 International Association Of Insurance Supervisors (iais) 10.4.2 Association Of Insurance Supervisors Latin America 10.4.3 Financial Superintendence Of Colombia (sfc) 10.5 Non-admitted Insurance Regulations 10.5.1 Overview 10.5.2 Intermediaries 10.5.3 Market Practices 10.5.4 Fines And Penalties 10.6 Company Registration And Operations 10.6.1 Types Of Insurance Organization 10.6.2 Establishing A Local Company 10.6.3 Foreign Ownership 10.6.4 Types Of License 10.6.5 Capital Requirements 10.6.6 Solvency Margins 10.6.7 Reserve Requirements 10.6.8 Investment Regulations 10.6.9 Statutory Return Requirements 10.6.10 Fee Structure 10.7 Taxation 10.7.1 Insurance Premium Or Policy Taxation 10.7.2 Withholding Taxes On Premium Paid Overseas 10.7.3 Corporate Tax 10.7.4 Vat 10.7.5 Captives 10.8 Legal System 10.8.1 Introduction 10.8.2 Access To Court 10.8.3 Alternative Dispute Resolution (adr) Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017
  • 5. 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Leading Companies In The Colombian Personal Accident And Health Insurance Segment 11.3 Comparison Of Key Five Insurers 11.3.1 Gross Written Premium 11.3.2 Net Earned Premiums 11.3.3 Gross Claims 11.3.4 Combined Ratio 11.4 Suramericana De Seguros Sa - Company Overview 11.4.1 Suramericana De Seguros Sa - Key Facts 11.4.2 Suramericana De Seguros Sa - Key Financials 11.5 Liberty Seguros Colombia - Company Overview 11.5.1 Liberty Seguros Colombia - Key Facts 11.5.2 Liberty Seguros Colombia - Key Financials 11.6 Compañía De Seguros Bolivar Sa - Company Overview 11.6.1 Compañía De Seguros Bolivar Sa - Key Facts 11.6.2 Compañía De Seguros Bolivar Sa - Key Financials 11.7 Metlife Colombia Seguros De Vida Sa - Company Overview 11.7.1 Metlife Colombia Seguros De Vida Sa - Key Facts 11.7.2 Metlife Colombia Seguros De Vida Sa - Key Financials 11.8 Aig Seguros Colombia Sa - Company Overview 11.8.1 Aig Seguros Colombia Sa - Key Facts 11.8.2 Aig Seguros Colombia Sa - Key Financials 12 Business Environment And Country Risk 12.1 Business Confidence 12.1.1 Market Capitalization Trend - Bolsa De Valores De Colombia, Colombia 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us$) 12.2.2 Gdp Per Capita At Constant Prices (us$) 12.2.3 Gdp At Current Prices (us$) 12.2.4 Gdp Per Capita At Current Prices (us$) 12.2.5 Gdp By Key Segments 12.2.6 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (cop) 12.2.7 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices (us$) 12.2.8 Agriculture, Hunting, Forestry, Fishing Net Output At Current Prices As A Percentage Of Gdp 12.2.9 Manufacturing Net Output At Current Prices (cop) 12.2.10 Manufacturing Net Output At Current Prices (us$) 12.2.11 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.12 Mining, Manufacturing And Utilities Net Output At Current Prices (cop) 12.2.13 Mining, Manufacturing And Utilities At Current Prices (us$) 12.2.14 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017
  • 6. 12.2.15 Construction Net Output At Current Prices (cop) 12.2.16 Construction Net Output At Current Prices, (us$) 12.2.17 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.18 Inflation Rate 12.2.19 Exports As A Percentage Of Gdp 12.2.20 Imports As A Percentage Of Gdp 12.2.21 Exports Growth 12.2.22 Imports Growth 12.2.23 Annual Average Exchange Rate Cop-us$ 12.3 Infrastructure 12.3.1 Commercial Vehicles Exports Total Value 12.3.2 Commercial Vehicles Imports Total Value 12.3.3 Automotive Exports Total Value 12.3.4 Automotive Imports Total Value 12.3.5 Total Internet Subscribers 12.4 Labor Force 12.4.1 Labor Force 12.4.2 Unemployment Rate 12.5 Demographics 12.5.1 Gross National Disposable Income (us$) 12.5.2 Total Population 12.5.3 Urban And Rural Population 12.5.4 Median Age Of Population 12.5.5 Age Distribution Of The Total Population 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric's Services 13.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017
  • 7. Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Email: sales@researchmoz.us Website: http://www.researchmoz.us/ Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2017