In a move that will boost the country’s capital markets, reduce state activity in the market and provide much-needed revenues for the government’s coffers, Egypt is laying the groundwork for the first potential sale of key state-owned enterprises (SOEs) in over a decade.
Increased product awareness and sustained economic expansion are fuelling double-digit growth in the Philippines’ insurance sector, as the emergence of micro-insurance products helps boost penetration rates and premiums.
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,...
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,...
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...
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