Colombia

Colombia

The net gains of Colombian insurers dropped sharply last year to only US$46 million because of the Andean economic recession. Another reason for the fall in profits was the technical restructuring undertaken by the sector in the wake of new government measures designed to fortify the industry financ...

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Veröffentlicht in:International insurance monitor 1999-07, Vol.52 (3), p.11
1. Verfasser: Acunto, Stephen H
Format: Artikel
Sprache:eng
Schlagworte:
Aircraft hijacking
Automobile theft
Central banks
Earthquakes
Economic conditions
Financial performance
Industrywide conditions
Insurance industry
Interest rates
Life insurance
Murders & murder attempts
Profits
Recessions
Roads & highways
Robbery
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Beschreibung
Zusammenfassung:The net gains of Colombian insurers dropped sharply last year to only US$46 million because of the Andean economic recession. Another reason for the fall in profits was the technical restructuring undertaken by the sector in the wake of new government measures designed to fortify the industry financially. Nonetheless, in real terms, premium income rose 2.6% last year to some US$1.9 billion. Claims, in real terms, fell 1.7% to US$975 million.
ISSN:0020-6997