Life and Non-Life Insurance Market in Colombia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Report Covers Life Insurance Industry Trends and it is segmented by Insurance Type (Life Insurance (Individual and Group) and, Non-Life Insurance (Fire, Motor, Marine, Health, and Others), and Distribution Channel (Direct, Agency, Banks, and Other Distribution Channels).

Life and Non-Life Insurance Market in Colombia Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

Life and Non-Life Insurance in Colombia Industry Overview

The life and non-life insurance market in Colombia is moderatly consolidated in nature. Colombia's insurance industry is facing stiff competition as the insurance companies not only compete with each other, but also compete with the risk retention groups, government, and self-insurance. The companies generally compete mainly based on two factors including the quality of the services and price that they provide.

Life and Non-Life Insurance in Colombia Market Leaders

  1. Grupo Sura

  2. Seguros Alfa

  3. GEB’s Seguros Bolívar

  4. Axa

  5. Allianz

  6. *Disclaimer: Major Players sorted in no particular order
Colombia Life and Non-Life Insurance Market Concentration