Total premiums paid to Colombia’s insurance companies have been growing at a strong pace in recent years, supported by the country’s underlying rate of economic expansion, a growing middle class, product development and the entry of new players into the industry. Growth has been strongest in the life insurance segment of the market. However,...
Microinsurance is defined as the sale of simple, low-cost insurance products to low-income sectors of the population for segments such as health, life and property risks. Typically these customers may not be formally employed, nor have been previously insured. According to an April 2015 study by BSLatAm, a banking and insurance consultancy,...
With a total market capitalisation of $93.49bn in September 2015, the Bolsa de Valores de Colombia (BVC) is the fourth-largest stock exchange in Latin America, behind those of Brazil, Mexico and Chile but ahead of Peru’s. Since the end of the commodities boom, which lasted from 2001 to 2012, Latin American stock exchanges have gone through a...
Grupo Aval is the largest and most profitable financial group in Colombia and Central America. It operates through four banks in Colombia: Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas; one bank in Central America, Banco de América Central (BAC) Credomatic; a pension fund manager, Porvenir, and a merchant bank,...
Grupo Éxito is a subsidiary of Groupe Casino, a long-standing French mass retailer with operations around the world. Through its subsidiaries, it is the largest retailer in Latin America as a whole and specifically in Colombia and Brazil. Groupe Casino holds a stake of about 54% in Grupo Éxito. Before its September 2015 acquisition of retail...
Promigas is a Colombian company focused on the transport and distribution of natural gas, with 40 years of experience and operations in Colombia and Peru. During 2014, 50% of the natural gas sold in Colombia was transported through Promigas’ grid. Its extensive network of more than 2900 km of gas pipelines is one of the country’s main energy...
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