Reinsurance in Colombia, Key Trends and Opportunities to 2018

Published: Sep, 2014 | Pages: 77 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis
The report provides in-depth market analysis, information and insights into the Colombian reinsurance segment, including:
The Colombian reinsurance segment's growth prospects by reinsurance category
Key trends and drivers for the reinsurance segment 
The Colombian reinsurance segment's growth prospects by reinsurance ceded from direct insurance segments
The competitive landscape in the Colombian reinsurance segment 

Summary
Although the Colombian reinsurance segment recorded a robust compound annual growth rate (CAGR) of 46.2% during the review period (2009?2013), it is still in its early stages of development. In the absence of domestic insurers, the segment is dominated by foreign reinsurers such as Scor Re, Mapfre Re, Hannover Re, Munich Re and Axa Re. These companies function through brokers and their representative offices. Hannover Re and Munich Re operate through representative offices in Bogota , while Swiss Re entered the country by acquiring a Colombian insurance company. On February 24, 2014, Swiss Re signed an agreement with specialty insurer Seguros Confianza, based in Bogota, to acquire a 51% stake in the company. Through this partnership, the corporate clients of Confianza can gain access to commercial insurance products offered by Swiss Re. In June 2013, the government made financial regulations that permitted domestic companies to purchase insurance and make reinsurance arrangements with international companies not operating or established within Colombia. This will make the segment more competitive over the forecast period (2013?2018). 
Scope
This report provides a comprehensive analysis of the reinsurance segment in Colombia:
It provides historical values for Colombia's reinsurance 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 Colombia's reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Colombia and its growth prospects. 
Reason To Buy
 Make strategic business decisions using in depth historic and forecast market data related to the Colombian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Colombian reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Colombian insurance industry and its impact on companies and the market's future 
Key Highlights
 Although the Colombian reinsurance segment registered strong growth at a review-period CAGR of 46.2%, it is in its early stages of development.
The reinsurance segment is dominated by facultative reinsurance which accounted for 73.6%of the segment's written premium in 2013, a figure that is expected to fall to 65.1% in 2018.
The Colombian reinsurance segment posted a CAGR of 46.2% during the review period, where both treaty and facultative reinsurance registered positive growth.
In June 2013, the government permitted domestic companies to make reinsurance arrangements with international companies not operating, or established, in Colombia. This is likely to make the reinsurance segment more competitive.

 1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Colombian Insurance Industry Attractiveness
3.1 Insurance Industry Size, 2009-2018
4 Reinsurance Growth Dymics and Challenges
4.1 Reinsurance Segment Size, 2009-2018
4.2 Reinsurance Segment Size by Premium Ceded, 2009-2018
5 Key Industry Trends and Drivers
5.1 Fundamental Business Drivers
5.2 Life Insurance Drivers
5.3 Non-Life Insurance Drivers
5.4 Persol Accident and Health Insurance Drivers
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Scor Re - Company Overview
6.2.1 Scor Re - key facts
6.3 Mapfre Re - Company Overview
6.3.1 Mapfre Re - key facts
6.4 Hannover Ruckversicherung AG - Company Overview
6.4.1 Hannover Ruckversicherung AG - key facts
6.5 Munchener de Colombia SA - Company Overview
6.5.1 Munchener de Colombia SA - key facts
7 Business Environment and Country Risk
7.1 Business Confidence
7.1.1 Market capitalization trend - Bolsa de Valores de Colombia, Colombia
7.2 Economic Performance
7.2.1 GDP at constant prices (US$)
7.2.2 GDP per capita at constant prices (US$)
7.2.3 GDP at current prices (US$)
7.2.4 GDP per capita at current prices (US$)
7.2.5 GDP by key segments
7.2.6 Agriculture, hunting, forestry and fishing net output at current prices (US$)
7.2.7 Agriculture, hunting, forestry and fishing net output at current prices as a percentage of GDP
7.2.8 Manufacturing net output at current prices (US$)
7.2.9 Manufacturing net output at current prices as a percentage of GDP
7.2.10 Mining, manufacturing and utilities at current prices (US$)
7.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
7.2.12 Construction net output at current prices, (US$)
7.2.13 Construction net output at current prices as a percentage of GDP
7.2.14 Inflation rate
7.2.15 Exports as a percentage of GDP
7.2.16 Imports as a percentage of GDP
7.2.17 Merchandise exports growth
7.2.18 Merchandise imports growth
7.2.19 Annual average exchange rate EUR-US$
7.3 Infrastructure
7.3.1 Commercial vehicles exports - total value
7.3.2 Commercial vehicles imports - total value
7.3.3 Automotive exports - total value
7.3.4 Automotive imports - total value
7.3.5 Total internet subscribers
7.4 Labor Force
7.4.1 Labor force
7.4.2 Unemployment rate
7.5 Demographics
7.5.1 Gross tiol disposable income (US$)
7.5.2 Household consumption expenditure (US$)
7.5.3 Total population
7.5.4 Urban and rural populations
7.5.5 Age distribution of the total population
8 Appendix
8.1 Methodology
8.2 Contact Timetric
8.3 About Timetric
8.4 Timetric's Services
8.5 Disclaimer


List of Tables
Table 1: Insurance Industry Definitions
Table 2: Colombian Insurance - Gross Written Premium by Segment (COP Billion), 2009-2013
Table 3: Colombian Insurance - Gross Written Premium by Segment(US$ Billion), 2009-2013
Table 4: Colombian Insurance- Gross Written Premium by Segment(COP Billion), 2013-2018
Table 5: Colombian Insurance- Gross Written Premium by Segment(US$ Billion), 2013-2018
Table 6: Colombian Insurance- Segmentation, Gross Written Premium (Percentage Share), 2009-2018
Table 7: Colombian Insurance - Direct Written Premium by Segment (COP Billion), 2009-2013
Table 8: Colombian Insurance - Direct Written Premium by Segment(US$ Billion), 2009-2013
Table 9: Colombian Insurance - Direct Written Premium by Segment(COP Billion), 2013-2018
Table 10: Colombian Insurance - Direct Written Premium by Segment(US$ Billion), 2013-2018
Table 11: Colombian Insurance - Dymics by Segment, Direct Written Premium (Percentage Share), 2009-2018
Table 12: Colombian Reinsurance- Premium Accepted by Category (COP Billion), 2009-2013
Table 13: Colombian Reinsurance- Premium Accepted by Category (US$ Million), 2009-2013
Table 14: Colombian Reinsurance- Premium Accepted by Category (COP Billion), 2013-2018
Table 15: Colombian Reinsurance- Premium Accepted by Category (US$ Million), 2013-2018
Table 16: Colombian Reinsurance- Premium Ceded by Type of Insurance (COP Billion), 2009-2013
Table 17: Colombian Reinsurance- Premium Ceded by Type of Insurance (US$ Billion), 2009-2013
Table 18: Colombian Reinsurance- Premium Ceded by Type of Insurance (COP Billion), 2013-2018
Table 19: Colombian Reinsurance- Premium Ceded by Type of Insurance(US$ Million), 2013-2018
Table 20: Colombian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 21: Colombian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 22: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded, 2009-2013
Table 23: Colombian Non-Life Insurance - Percentage of Reinsurance Ceded, 2013-2018
Table 24: Colombian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 25: Colombian Persol Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 26: Scor Re - Key Facts
Table 27: Mapfre Re - Key Facts
Table 28: Hannover Ruckversicherung AG - Key Facts
Table 29: Munchener de Colombia SA - Key Facts