Colombia

The country profile below provides information on population, gross domestic product, insurance premiums and leading insurers.

Insurance Association

The Colombian Association of Insurance Agents
Asociacion Colombiana de Agentes de Seguros
Web: www.acoas.com.co

 

Population, 2011-2015 (1)

Year Population
2011 44,725,543
2012 45,239,079
2013 45,745,783
2014 46,245,297
2015 46,736,728

(1) Estimated.

Source: U.S. Central Intelligence Agency.

 

 

Gross Domestic Product, 2011-2015 (1)

(U.S. $ billions)

Year GDP
2011 $431.9
2012 467.0
2013 526.5
2014 642.7
2015 667.4

(1) Based on Purchasing Power Parity calculations, which take into account the relative cost of living and inflation rates of countries. GDP estimate for July for each year shown.

Source: U.S. Central Intelligence Agency.

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Life And Nonlife Insurance Premiums, 2015

(U.S. $ millions)

  Direct premiums written
Nonlife premiums (1) $5,525
Life premiums 2,319
Total premiums $7,844
Percent of total world premiums 0.17%

(1) Includes accident and health insurance.

Source: Swiss Re, sigma, No. 3/2016.

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Leading Nonlife Insurance Companies, 2015

 

  Gross written premiums
Company COP Mn USD Mn
Suramericana S.A.  1,740,140.9 634.7
Estado S.A.  1,069,908.8 390.2
Allianz Seguros S.A.  798,402.7 291.2
MAPFRE  790,352.7 288.3
Liberty Seguros  711,440.3 259.5
Previsora  685,408.1 250.0
AXA Colpatria Seguros S.A.  679,909.6 248.0
Bolivar S.A.  659,303.8 240.5
Cardif Colombia Seguros Generales  538,253.5 196.3
Mundial  420,602.3 153.4

Source: Axco Insurance Information Services.

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Leading Life Insurance Companies, 2015

 

  Gross written premiums
Company COP Mn USD Mn
Suramericana Vida  2,529,909.1 922.7
Vidalfa SA  1,947,222.0 710.2
Bolivar Vida  921,132.9 336.0
Seguros de Riesgos Profesionales Suramericana  860,980.8 314.0
Positiva Compania de Seguros  800,675.7 292.0
AXA Colpatria Seguros de Vida SA  528,068.7 192.6
MAPFRE Colombia Vida  460,971.0 168.1
Riesgos Profesionales Colmena SA  458,892.6 167.4
Allianz Seguros de Vida  381,908.4 139.3
BBVA Seguros de Vida Colombia SA  277,607.7 101.3

Source: Axco Insurance Information Services.

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