New Market Study: "Reinsurance in Colombia, Key Trends and Opportunities to 2016"
Colombia was adversely affected by severe flooding in 2011, which caused economic losses of approximately US$5.8 billion and generated severe losses to both the insurance and reinsurance companies in Colombia. However, this event was also beneficial to the reinsurance segment in Colombia, as insurance companies started to use reinsurance services more in order to avoid heavy losses from similar incidents in future. This is expected to encourage more domestic and foreign companies to begin reinsurance services in the country, which...
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