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Research and Markets: Personal Accident and Health Insurance in Colombia - Key Trends and Opportunities to 2018

accident and health insurance

DUBLIN--(BUSINESS WIRE)--

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.

Key Highlights

  • The Colombian personal accident and health insurance segment posted a review-period (2009-2013), compound annual growth rate (CAGR) of 13.7%.
  • 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.

2 Introduction

3 Regional Market Dynamics

4 Personal Accident and Health Insurance Segment - Regional Benchmarking

6 Personal Accident and Health Insurance Segment Outlook

7 Analysis by Distribution Channel

8 Porter's Five Forces Analysis - Colombian Personal Accident and Health Insurance

9 Reinsurance Growth Dynamics and Challenges

Source: finance.yahoo.com

Category: Accident

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