Colombia is the fifth-largest insurance market in Latin America by premiums collected. However, it features weak penetration and density – measures of premiums compared to the size of the economy and the population, respectively – compared to other large markets in the region. Nonetheless, the fact that the country has been able to weather the recent economic storms better than many in the...
Colombia Financial Services
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Although the Colombian economy has been affected by a slowdown in recent years, the country’s banking sector has remained resilient. The majority of the impact has been felt in the external sector, particularly due to changes in the foreign exchange rate. Meanwhile, lending growth remained relatively strong until mid-2016, when the combined effects of weak investment and higher interest rates...
Following a landmark peace agreement and a late-2016 tax reform package, 2017 looks to be a year of significant promise for Colombia. The country has been in recovery since the 2014 collapse in oil prices, which predominantly affected exports, government revenues and the exchange rate. However, with the external sector acting as a shock absorber, the authorities helped ensure that domestic demand was able to pick up some of the slack.
To what extent has the banking sector been able to absorb the shocks and risks associated with Colombia’s economic slowdown? What threats is the sector currently facing?
Un modesto crecimiento económico en la segunda mitad del año y una anticipada reducción del gasto de consumidores podrían frenar la expansión de las primas en Colombia.
El renovado apetito por acciones de los mercados emergentes ha causado un rebote del mercado de valores de Colombia a principios de este año, aunque la bolsasigue expuesto a riesgos externos.