Albany, NY -- (SBWIRE) -- 01/20/2015 -- Synopsis

The report provides in-depth industry analysis, information and insights into employee benefits in Colombia, including:

* An overview of state and compulsory benefits in Colombia

* Detailed information about private benefits in Colombia

* Insights into various central institutions responsible for the administration of the different branches of social security

* The regulatory framework of employee benefits inColombia

View Full Report
http://www.marketresearchreports.biz/analysis/241528

Executive summary

Colombia has a basic social security system with low coverage and participation. The country's social insurance system was initially introduced for public sector employee groups only. Private sector employees secured coverage in 1946. Pension benefits were introduced with the creation of the Social Security Institute (ISS) in 1967. However, the ISS faced problems immediately due to low coverage and participation rates. To overcome this problem, the government created a new social security system through Law 100 of 1993. The law introduced a dual public-private competitive pension system – Régimen de Prima Media or average premium scheme (RPM), and the Régimen de Ahorro individual con Solidaridad, or individual savings system with solidarity (RAIS). In 2012, the administration of RPM was transferred from ISS to Colpensiones, a state-owned financial institution supervised by the Ministry of Labor, due to problems with debt and inefficiency. Private sector employees can choose between RPM and RAIS and have the option to change their membership once every five years. For self-employed and unemployed individuals there is a voluntary regime. Armed forces, police and teachers have their own separate systems.

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/241528

Scope

This report provides a detailed analysis of employee benefits in Colombia:

* It offers a detailed analysis of the key government-sponsored employee benefits, along with private benefits.

* It covers an exhaustive list of employee benefits, including retirement benefits , death in service benefits, long-term disability benefits, short-term sickness benefits, medical benefits, workmen's compensation, maternity and paternity benefits, family benefits, unemployment and private benefits.

* It highlights the economic and regulatory situations relating to employee benefits in Colombia.

Explore All Latest Published Reports By Timetric
http://www.marketresearchreports.biz/publisher/61

Reasons to buy

* Make strategic decisions using in-depth information related to employee benefits in Colombia.

* Assess the Colombian employee benefits market, including state and compulsory benefits, and private benefits.

* Gain insights into the key employee benefit schemes offered by private employers in Colombia.

* Gain insights into key organizations governing Colombian employee benefits, and their impact on companies.

Key highlights

* The general protection system in Colombia consists of a system of social security and welfare. The Colombian social security system offers contributory and non-contributory benefits to vulnerable people in society.

* This social security system includes the general pension system (GPS), the general social security system of health and the general system of occupational risks. The welfare system provides monetary benefits through a social assistance program.

* Private benefit plans in Colombia were offered through universal life insurance savings, which are non-taxable.

Related Reports

The Insurance Industry in Guatemala, Key Trends and Opportunities to 2018

View Full Report
http://www.marketresearchreports.biz/analysis/240268

Synopsis

The report provides in-depth industry analysis, information and insights into the insurance industry in Guatemala, including:

- The Guatemalan insurance industry's growth prospects by insurance segment and category

- The competitive landscape in the Guatemalan insurance industry

- The current trends and drivers in the Guatemalan insurance industry

- Challenges facing the Guatemalan insurance industry

- The detailed regulatory framework of the Guatemalan insurance industry

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/240268

Executive summary

Guatemala is the most populous country in Central America, and its economy is mainly driven by the agricultural sector, which contributed 13.5% of GDP and employed 38% of the total labor force in 2013. The 1996 peace accords, which concluded 36 years of civil war, brought in economic stability and opened doors for foreign investors. The economy recovered in subsequent years, however, and GDP at constant prices grew at a compound annual growth rate (CAGR) of 3.4% during the review period (2009–2013). The Guatemalan insurance industry grew at a review-period CAGR of 10.0%. The emergence of microinsurance and the entry of foreign insurers, following the implementation of the Insurance Activity Law in 2010, supported the growth of the life segment. In terms of percentage share, non-life accounted for 56.7% of the total industry in 2013. The segment was led by property insurance with a 49.3% share, and motor with 38.6%, with the remaining 12.0% contributed by liability and marine, aviation and transit insurance.

The Insurance Industry in Gambia, Key Trends and Opportunities to 2018

View Full Report
http://www.marketresearchreports.biz/analysis/239766

Synopsis

The report provides in-depth industry analysis, information and insights into the insurance industry in Gambia, including:

- The Gambian insurance industry's growth prospects by insurance segment and category

- The competitive landscape in the Gambian insurance industry

- The current trends and drivers in the Gambian insurance industry

- Challenges facing the Gambian insurance industry

- The detailed regulatory framework of the Gambian insurance industry

Download Detail Report With Complete TOC
http://www.marketresearchreports.biz/sample/sample/239766

Executive summary

Gambia is one of the poorest countries in the world, with a world ranking of 168 out of 187 according to the United Nations Development Programme's (UNDP) Human Development Report 2013. High poverty rates and lack of economic diversity make the country highly vulnerable to financial crises and food price volatility. However, stable economic development and the government's initiatives to improve the industry's awareness level supported its growth during the review period (2009–2013), which grew at a compound annual growth rate (CAGR) of 1.8%.

The Gambian insurance industry is small, but remains attractive and provides ample growth opportunities for global investors, as penetration remains low.

About MarketResearchReports.biz
MarketResearchReports.biz is the most comprehensive collection of market research reports. MarketResearchReports.Biz services are specially designed to save time and money for our clients. We are a one stop solution for all your research needs, our main offerings are syndicated research reports, custom research, subscription access and consulting services. We serve all sizes and types of companies spanning across various industries.

Browse Our Press Releases by Prnewswire:
http://www.prnewswire.com/news/marketresearchreports.biz

Contact Us
Office: State Tower
90 Sate Street, Suite 700
Albany, NY 12207
United States
Tel: 518-618-1030
USA: Canada Toll Free: 866-997-4948
Website: http://www.marketresearchreports.biz/
E: sales@marketresearchreports.biz