Colombia sigue destacando en la banca latinoamericana por su estabilidad financiera, sólidas regulaciones y atractivos márgenes de utilidades, aunque la posibilidad de un menor crecimiento económico en 2015 coincide con llamados para que se amplíe el alcance del sector de servicios financieros.
In line with growth in the insurance sector, reinsurance is becoming increasingly important and new reinsurers are entering the Colombian market. The rising demand for coverage in life and non-life segments, as well as the anticipated development of the infrastructure programme, should offer opportunities to providers.
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...
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...
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...
Ecopetrol is the largest company in Colombia. It plays a key role in the economy, in which oil is the main export product. With more than 60 years of operational experience, Ecopetrol is one of the 50 largest oil and gas companies in the world. It is ranked by Petroleum Intelligence Weekly as the 43rd largest oil company. Its controlling shareholder is the Colombian...
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