[September 25, 2014]

Research and Markets: Reinsurance in Colombia, Key Trends and Opportunities to 2018

Research and Markets (http://www.researchandmarkets.com/research/mv3b7g/reinsurance_in) has announced the addition of the "Reinsurance in Colombia, Key Trends and Opportunities to 2018" report to their offering.

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 Bogotá , 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, ased in Bogotá, 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).

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.

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Colombian Insurance Industry Attractiveness

4 Reinsurance Growth Dynamics and Challenges

5 Key Industry Trends and Drivers

6 Competitive Landscape and Strategic Insights

7 Business Environment and Country Risk

8 Appendix

Companies Mentioned

• Scor Re
• Mapfre Re
• Hannover Rückversicherung AG (Hannover Re)
• Münchener de Colombia SA (Munich Re)

For more information visit http://www.researchandmarkets.com/research/mv3b7g/reinsurance_in

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