The insurance market is in a mid-development phase, albeit that usual comparative indicators are at levels attributable more to compulsory than voluntary insurances. Insurance premiums totaled COP 30.5 billion in 2020 while insurance penetration, measured as the value of insurance premiums to GDP, stood at 3.1 percent in 2020, up from 2.2 in 2010. This represents an average growth of 6.2 percent per annum in real terms. Life insurance penetration...
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2021/12/31
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Report
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170671
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1
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2022/04/20
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Disclosed
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Colombia - Financial Sector Assessment Program : Technical Note – Insurance
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