Fitch: Outlook Stable for Colombian Insurance Sector in 2015
Fitch expects growth of the Colombian insurance sector to be around 8% and 10%, in nominal terms. However, challenges persist for the sector. Profitability of the insurance industry will be pressured by a highly competitive environment and volatility in the capital market, but will benefit from favorable economic conditions.
Fitch expects to further strengthen its capital levels due to regulatory reserve requirements related to the implementation of the new regulatory framework.
This publication is based on public information disclosed by Financial Superintendence and also from data owned by the rating agency regarding the sector; the information analyzes the perspectives regarding growth, profitability, capitalization, given ratings and regulatory changes.
'2015 Outlook: Colombian Insurance Sector' is available at 'www.fitchratings.com' and 'www.fitchratings.com.co' or by clicking on the above link.
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