Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2018


#223089

259pages

Timetric

$ 1950

In Stock

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 category
  • 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
  • The detailed competitive landscape in the personal accident and health insurance segment in Colombia
  • Detailed regulatory policies of the Colombian insurance industry
  • 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
  • A benchmarking section on the Colombian personal accident and health insurance segment in comparison with other countries in the Central and Latin American region
  • OverviewTable of contentsList of tablesList of figures
  • Overview

Executive summary

The Colombian personal accident and health insurance segment posted a review-period (2009−2013),compound annual growth rate (CAGR) of 13.7% in 2013. During the review period, factors such as regulatory changes, a rise in the number of fatal road traffic accidents and sustainable economic development had a favorable impact on the growth of the personal accident and health segment. A rise in the number of outbound travelers and increasing medical expenses also contributed to the segment’s growth.

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Colombia:
  • It provides historical values for the Colombian personal accident and health insurance segment for the report’s 2009–2013 review period and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key sub-segments in Colombian personal accident and health insurance segment, along with market forecasts until 2018.
  • 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 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 Colombian personal accident and health insurance segment posted a review-period (2009−2013),compound annual growth rate (CAGR) of13.7%.
  • 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 health insurance category accounted for 58.6% of the personal accident and health segment’s gross written premium, followed by the personal accident category with 39.1% and the travel insurance category with 2.3%.
  • The country’s personal accident and health insurance penetration stood at 0.23% in 2013, and is expected to reach 0.28%in 2018.
  • The segment is highly concentrated, with the 10 leading companies accounting for 90.4% of the segment in 2013. There were 29 companies actively operating in the Colombian personal accident and health insurance segment in 2013.