Industry Dynamics and Competitive Landscape in the Colombian Life Insurance Industry to 2016: Market Profile

Timetric, August 2012, Pages: 101

Synopsis
The report provides market analysis, information and insights into the Colombian life insurance market, including:
- A description of the life insurance market in Colombia
- The Colombian life insurance market’s growth prospects
- The competitive landscape in the Colombian life insurance market

Summary
The success of the Colombian life insurance segment is directly related to the country’s economic growth. For example, in 2010, the segment posted a CAGR of XX% which was in line with the country’s GDP growth of XX%. Despite the global financial crisis Colombia’s economic growth remained resilient in 2009, which positively impacted the nation’s insurance industry. As the global economy rebounds, Colombian GDP at constant prices is projected to grow at a CAGR of XX% over the forecast period. This positive economic trend should lead to an increase in per capita disposable income which will encourage the people of Colombia to invest in life insurance products, especially unit-linked products.

Scope
This report provides a comprehensive analysis of the life insurance market in Colombia:
- It provides historical values for Colombia’s insurance industry market size for the report’s 2007–2011 review period and forecast figures for the 2011–2016 forecast period
- Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Colombia for the life insurance business
- It profiles the top life insurance companies in Colombia and outlines the key regulations affecting them
- It provides a comprehensive analysis of the business environment and country risk for Colombia

Reasons To Buy
- Make strategic business decisions using historic and forecast market data related to the Colombian insurance industry and each sector within it
- Understand the demand-side dynamics, key market trends and growth opportunities within the Colombian insurance industry
- Develop market-entry strategies by understanding the key market opportunities
- Assess the competitive dynamics in the Colombian life insurance market
- Identify key operators in the Colombian insurance industry, along with profiles on those companies

Key Highlights
NA

1 Introduction
1.1 What is this Report About?
1.2 Definitions
1.3 Methodology
2 Colombian Insurance Industry Attractiveness
2.1 Insurance Industry Market Size, 2007–2016
2.2 Key Industry Trends and Drivers
2.2.1 Business drivers
2.2.2 Consumer drivers
2.3 Recent Market Developments
3 Regulatory Policies
4 Porter’s Five Forces Analysis – Colombian Life Insurance
4.1 Bargaining Power of Suppliers: Medium to High
4.2 Bargaining Power of Buyers: Low to Medium
4.3 Barriers to Entry: Medium
4.4 Intensity of Rivalry: Medium
4.5 Threat of Substitutes: Low
5 Competitive Landscape and Strategic Insights
5.1 Overview
5.2 Leading Companies in the Colombian Life Insurance Segment
5.3 Comparison of Top-Five Insurers
5.3.1 Gross written premium
5.3.2 Outwards reinsurance expense
5.3.3 Net earned premiums
5.3.4 Gross claims
5.3.5 Paid claims
5.3.6 Pre tax profit/loss
5.3.7 Total assets
5.3.8 Total investment income
5.3.9 Net loss ratio
5.3.10 Combined ratio
5.4 Suramericana de Seguros SA – Company Overview
5.4.1 Suramericana de Seguros SA – key facts
5.4.2 Suramericana de Seguros SA – Key Financials
5.5 Compania de Seguros Bolivar SA. – Company Overview
5.5.1 Compania de Seguros Bolivar SA. – key facts
5.5.2 Compania de Seguros Bolivar SA. – Key Financials
5.6 Seguros Alfa SA. – Company Overview
5.6.1 Seguros Alfa SA. – key facts
5.6.2 Seguros Alfa SA. – Key Financials
5.7 Mapfre Colombia Vida Seguros SA. – Company Overview
5.7.1 Mapfre Colombia Vida Seguros SA. – key facts
5.7.2 Mapfre Colombia Vida Seguros SA. – Key Financials
5.8 ARP SURA Riesgos Profesionales – Company Overview
5.8.1 ARP SURA Riesgos Profesionales – key facts
5.8.2 ARP SURA Riesgos Profesionales – Key Financials
5.9 Positiva Compania Seguros SA – Company Overview
5.9.1 Positiva Compania Seguros SA – key facts
5.9.2 Positiva Compania Seguros SA – Key Financials
5.10 Aseguradora de Vida Colseguros SA – Company Overview
5.10.1 Aseguradora de Vida Colseguros SA – key facts
5.10.2 Aseguradora de Vida Colseguros SA – Key Financials
5.11 Seguros de Vida Colpatria SA. – Company Overview
5.11.1 Seguros de Vida Colpatria SA. – key facts
5.11.2 Seguros de Vida Colpatria SA. – Key Financials
5.12 BBVA Seguros de Vida Colombia, SA – Company Overview
5.12.1 BBVA Seguros de Vida Colombia, SA – key facts
5.12.2 BBVA Seguros de Vida Colombia, SA – Key Financials
6 Business Environment and Country Risk
6.1 Business Confidence
6.1.1 Market capitalization trend – The Bolsa de Valores de Colombia, Colombia
6.2 Economic Performance
6.2.1 GDP at constant prices (US dollar)
6.2.2 GDP per capita at constant prices (US dollar)
6.2.3 GDP at current prices (US dollar)
6.2.4 GDP per capita at current prices (US dollar)
6.2.5 GDP by key sectors
6.2.6 Agricultural net output at current prices (Colombian peso)
6.2.7 Agricultural net output at current prices (US dollar)
6.2.8 Agricultural net output at current prices as a percentage of GDP
6.2.9 Manufacturing net output at current prices (Colombian peso)
6.2.10 Manufacturing net output at current prices (US dollar)
6.2.11 Manufacturing net output at current prices as a percentage of GDP
6.2.12 Mining, manufacturing and utilities net output at current prices (Colombian peso)
6.2.13 Mining, manufacturing and utilities at current prices (US dollar)
6.2.14 Mining, manufacturing and utilities at current prices as a percentage of GDP
6.2.15 Construction net output at current prices (Colombian peso)
6.2.16 Construction net output at current prices, (US dollar)
6.2.17 Construction net output at current prices as a percentage of GDP
6.2.18 Inflation rate
6.2.19 Current account balance as a percentage of GDP
6.2.20 Exports as a percentage of GDP
6.2.21 Imports as a percentage of GDP
6.2.22 Exports growth
6.2.23 Imports growth
6.2.24 Annual average exchange rate (US$–COP)
6.2.25 End-of-period exchange rate (US$–COP)
6.3 Infrastructure Quality and Availability
6.3.1 Total airports and sea ports
6.3.2 Railways and roadways
6.3.3 Vehicle production volume
6.3.4 Automotive component exports trend
6.3.5 Automotive component imports trend
6.3.6 Passenger car penetration
6.3.7 Healthcare expenditure
6.3.8 Healthcare expenditure as a percentage of GDP
6.3.9 Healthcare expenditure per capita
6.3.10 Total internet subscribers
6.4 Labor Force
6.4.1 Labor force
6.4.2 Unemployment rate
6.5 Demographics
6.5.1 Annual disposable income
6.5.2 Annual per capita disposable income
6.5.3 Total population
6.5.4 Urban and rural population
6.5.5 Female percentage of population
6.5.6 Male percentage of population
6.5.7 Mean age of the population
6.5.8 Median age of population
6.5.9 Population density
6.5.10 Age distribution of the total population
6.5.11 Age distribution of the male population
6.5.12 Age distribution of the female population
6.5.13 Number of households
6.6 Political and Social Risk
6.6.1 Political stability
6.6.2 Terrorism index
6.6.3 Transparency index
7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Colombian Insurance Overall Written Premium by Segment (COP Billion), 2007–2011
Table 3: Colombian Insurance Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Colombian Insurance Overall Written Premium by Segment (COP Billion), 2011–2016
Table 5: Colombian Insurance Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Colombian Insurance Segmentation (% Share), 2007–2016
Table 7: Colombian Life Insurance Mar Market Share, 2007–2011
Table 8: Suramericana de Seguros SA, Key Facts
Table 9: Suramericana de Seguros SA, Key Financials (COP Million)
Table 10: Compania de Seguros Bolivar SA., Key Facts
Table 11: Compania de Seguros Bolivar SA., Key Financials (COP Million)
Table 12: Seguros Alfa SA., Key Facts
Table 13: Seguros Alfa SA., Key Financials (COP Million)
Table 14: Mapfre Colombia Vida Seguros SA., Key Facts
Table 15: Mapfre Colombia Vida Seguros SA., Key Financials (COP Million)
Table 16: ARP SURA Riesgos Profesionales, Key Facts
Table 17: ARP SURA Riesgos Profesionales, Key Financials (COP Million)
Table 18: Positiva Compania Seguros SA, Key Facts
Table 19: Positiva Compania Seguros SA, Key Financials (COP Million)
Table 20: Aseguradora de Vida Colseguros SA, Key Facts
Table 21: Aseguradora de Vida Colseguros SA, Key Financials (COP Million)
Table 22: Seguros de Vida Colpatria SA., Key Facts
Table 23: Seguros de Vida Colpatria SA., Key Financials (COP Million)
Table 24: BBVA Seguros de Vida Colombia, SA, Key Facts
Table 25: BBVA Seguros de Vida Colombia, SA, Key Financials (COP Million)

List of Figures
Figure 1: Colombian Insurance Overall Written Premium by Segment (COP Billion), 2007–2016
Figure 2: Colombian Insurance Market Dynamics by Segment, 2007–2016
Figure 3: Colombian Life Insurance – Five Forces Analysis
Figure 4: Colombia Life Insurance Segment – Market Share 2007 and 2011
Figure 5: Top-Five Colombian Life Insurers, Gross Written Premium, 2011
Figure 6: Top-Four Colombian Life Insurers, Outwards Reinsurance Expense, 2011
Figure 7: Top-Five Colombian Life Insurers, Net Earned Premium, 2011
Figure 8: Top-Five Colombian Life Insurers, Gross Claims, 2011
Figure 9: Top-Five Colombian Life Insurers, Paid Claims, 2011
Figure 10: Top-Five Colombian Life Insurers, Pretax Profit/Loss, 2011
Figure 11: Top-Five Colombian Life Insurers, Total Assets, 2011
Figure 12: Top-Five Colombian Life Insurers, Total Investment Income, 2011
Figure 13: Top-Five Colombian Life Insurers, Net Loss Ratio, 2011
Figure 14: Top-Five Colombian Life Insurers, Combined Ratio, 2011
Figure 15: Colombian Market Capitalization on The Bolsa de Valores de Colombia (US$ Billion), 2007–2011
Figure 16: Colombian GDP at Constant Prices (US$ Billion), 2007–2011
Figure 17: Colombian GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 18: Colombian GDP at Current Prices (US$ Billion), 2007–2011
Figure 19: Colombian GDP Per Capita at Current Prices (US$), 2007–2011
Figure 20: Colombian GDP by Key Sectors (% Share), 2009 and 2011
Figure 21: Colombian Agricultural Net Output at Current Prices (COP Billion), 2007–2011
Figure 22: Colombian Agricultural Net Output at Current Prices (US$ Billion), 2007–2011
Figure 23: Colombian Agricultural Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 24: Colombian Manufacturing Net Output at Current Prices (COP Billion), 2007–2011
Figure 25: Colombian Manufacturing Net Output at Current Prices (US$ Billion), 2007–2011
Figure 26: Colombian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 27: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices (COP Billion), 2007–2011
Figure 28: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2007–2011
Figure 29: Colombian Mining, Manufacturing and Utilities Net Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 30: Colombian Construction Net Output at Current Prices (COP Billion), 2007–2011
Figure 31: Colombian Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 32: Colombian Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 33: Colombian Inflation Rate (%), 2007–2011
Figure 34: Colombian Current Account Balance as a Percentage of GDP (%), 2007–2011
Figure 35: Colombian Exports as a Percentage of GDP (%), 2007–2011
Figure 36: Colombian Imports as a Percentage of GDP (%), 2007–2011
Figure 37: Colombian Exports Growth (%), 2007–2011
Figure 38: Colombian Imports Growth (%), 2007–2011
Figure 39: Colombian Annual Average Exchange Rate (US$–COP), 2007–2011
Figure 40: Colombian End-of-Period Exchange Rate (US$–COP), 2007–2011
Figure 41: Colombian Total Number of Airports and Sea Ports, 2011
Figure 42: Colombian Total Length of Railways and Roadways (Kilometers), 2011
Figure 43: Colombian Vehicle Production, 2007–2011
Figure 44: Colombian Automotive Component Exports (US$ Million), 2007–2011
Figure 45: Colombian Automotive Component Imports (US$ Million), 2007–2011
Figure 46: Colombian Passenger Car Penetration (per Thousand People), 2007–2011
Figure 47: Colombian Healthcare Expenditure (US$ Billion), 2007–2011
Figure 48: Colombian Healthcare Expenditure as a Percentage of GDP (%), 2007–2011
Figure 49: Colombian Per Capita Healthcare Expenditure (US$), 2007–2011
Figure 50: Colombian Internet Subscriptions (Million), 2007–2011
Figure 51: Colombian Labor Force Size (Million), 2007–2011
Figure 52: Colombian Unemployment Rate (%), 2007–2011
Figure 53: Colombian Annual Disposable Income (US$ Billion), 2007–2011
Figure 54: Colombian Annual Per Capita Disposable Income (US$), 2007–2011
Figure 55: Colombian Total Population (Million), 2007–2011
Figure 56: Colombian Urban and Rural Population (% Share), 2007–2011
Figure 57: Colombian Female as Percentage of Population (%), 2007–2011
Figure 58: Colombian Male as Percentage of Population (%), 2007–2011
Figure 59: Colombian Mean Age of Population (Year), 2007–2011
Figure 60: Colombian Median Age of Population (Year), 2007–2011
Figure 61: Colombian Population Density (per Square Kilometer), 2007–2011
Figure 62: Colombian Population Distribution by Age (% Share), 2007–2011
Figure 63: Colombian Male Population Distribution by Age (% Share), 2007–2011
Figure 64: Colombian Female Population Distribution by Age (% Share), 2007–2011
Figure 65: Colombian Number of Households (Million), 2007–2011
Figure 66: Global Terrorism Heat Map, 2011
Figure 67: Colombian Transparency Index, 2007–2011

Suramericana de Seguros SA
Compania de Seguros Bolivar SA
Seguros Alfa SA
Mapfre Colombia Vida Seguros SA
ARP SURA Riesgos Profesionales
Positiva Compania Seguros SA
Aseguradora de Vida Colseguros SA
Seguros de Vida Colpatria SA
BBVA Seguros de Vida Colom

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