Personal Accident and Health Insurance in Colombia 2015 - Key Trends, Opportunities and Forecast to 2019: ResearchMoz
ResearchMoz added Latest Research Report titled " Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2019: Worldwide Market Research, Analysis, Shares, Size, Growth and Outlook" to it's Large Report database.
Albany, NY -- (SBWire) -- 10/29/2015 --'Personal Accident and Health Insurance in Colombia, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Colombian personal accident and health insurance segment.
It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).
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The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Colombian economy and demographics and provides detailed information on the competitive landscape in the country.
The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in regulatory structure.
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This report provides a comprehensive analysis of the personal accident and health insurance segment in Colombia:
It provides historical values for the Colombian personal accident and health insurance segment for the report's 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
It offers a detailed analysis of the key categories in the Colombian personal accident and health insurance segment, along with market forecasts until 2019.
It profiles the top personal accident and health insurance companies in Colombia, and outlines the key regulations affecting them.
REASONS TO BUY:-
Make strategic business decisions using in-depth historic and forecast market data related to the Colombian personal accident and health insurance segment and each category within it.
Understand the demand-side dynamics, key market trends and growth opportunities in the Colombian personal accident and health insurance segment.
Assess the competitive dynamics in the personal accident and health insurance segment.
Identify growth opportunities and market dynamics in key product categories.
Gain insights into key regulations governing the Colombian insurance industry and their impact on companies and the industry's future.
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The Colombian personal accident and health segment's gross written premium increased at a review-period CAGR of 14.7%.
During the review period, factors such as regulatory changes, a rise in the number of fatal road traffic accidents and sustainable economic development had a favorable impact on the growth of the personal accident and health segment.
A rise in the number of outbound travelers and increasing medical expenses also contributed to the segment's growth.
Health insurance was one of the segment's fastest-growing categories, with a review-period CAGR of 25.2%.
On February 16, 2015, the Statutory Health Law; Law 1751 was passed, under which the "right to healthcare" became a fundamental right of all Colombian citizens.
This is expected to generate demand for healthcare insurance over the forecast period.
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