Take-off for the Colombian insurance sector began in the 1990s, when trade liberalisation and a series of financial reforms fostered competition within the sector. Among important changes brought about by Law 45 of December 1990, known as the financial reform law, were the elimination of uniformity among policies and premiums, the establishment of new solvency and...
An attractive market for international underwriters, Colombia has demonstrated consistent economic growth and macroeconomic stability in the past decade, which in turn has resulted in a growing middle class and increasing employment formality. It also maintains upside potential for the development of the sector since insurance penetration is still low (2.4%) compared to...
The bond market in Colombia was the fifth-largest fixed-income market in the world in terms of traded value at the end of 2013, according to the World Federation of Exchanges. The market expanded dramatically between 2002 and 2011, when the number of outstanding titles grew by 249% and the total of traded volume doubled during the same period.
During...
Colombia’s capital markets are becoming more sophisticated by the day. The government’s decision to exchange external financing for internal financing has driven the development of the fixed-income market. The Colombian Securities Exchange (Bolsa de Valores de Colombia, BVC) has also made significant efforts to increase investment options and expand the capital markets....
Promigas is a Colombian company focused on the transportation and distribution of natural gas. With 40 years of experience, the company has operations in Colombia and Peru. During 2013, 48% of the natural gas sold in Colombia was transported through the Promigas grid. Its extensive network of more than 2900 km of gas pipelines is one of the country’s main energy...
The Colombian Stock Exchange (Bolsa de Valores de Colombia, BVC) has promoted the internationalisation of the stock exchange through different programmes. Firstly, it has endorsed the placement of Colombian stocks in international markets through American depositary receipts. As of January 2014, nine Colombian stocks trade on US markets. The companies that trade...
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