{"id":14737,"date":"2026-06-02T19:49:00","date_gmt":"2026-06-02T17:49:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=966cbf18afac36b21896730f19bf107a"},"modified":"2026-06-02T19:49:00","modified_gmt":"2026-06-02T17:49:00","slug":"bests-market-segment-report-am-best-maintains-negative-outlook-on-colombias-insurance-industry","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=14737","title":{"rendered":"Best\u2019s Market Segment Report: AM Best Maintains Negative Outlook on Colombia\u2019s Insurance Industry"},"content":{"rendered":"

MEXICO CITY--(BUSINESS WIRE)--#insurance<\/a>--AM Best<\/b> is maintaining its negative outlook on Colombia\u2019s insurance industry, citing challenging economic conditions, including rising inflation and interest rates, and political uncertainty.<\/p><\/a><\/a>

\nAccording to the new Best\u2019s Market Segment Report<\/i>, \u201cMarket Segment Outlook: Colombia Insurance,\u201d moderate and steady economic expansion is expected in 2026 and 2027. At the same time, the country\u2019s insurance market grew by nearly 9% year over year in 2025. However, inflation is expected to spike up due to pressures from a recent hike in the minimum wage, and other factors such as rising gas prices and climate shocks. While the shift in rates should increase the investment income of insurance companies, there will be an immediate decrease in the market value of the current fixed-income portfolios, especially those with higher durations.<\/p>

\nColombia\u2019s insurance market remains moderately concentrated, with the top five players accounting for 44% of premiums, with market dynamics increasingly shaped by climate-related risks. Economic factors have suppressed demand for voluntary coverage, especially among small and medium-sized enterprises and lower-income households. Supply is further constrained by limited reinsurance diversification and regulatory lag in approving new products. Overall, the market meets basic needs but struggles to address escalating climate and catastrophe risks efficiently.<\/p>

\nThe report notes that the upcoming 2026 presidential election also could affect insurance market growth. A widening fiscal deficit combined with negative shifts in fiscal policy, such as an increase in the value added tax (VAT), could reduce expected growth in 2026. The country is expected to undergo tax restructuring, which will be important to monitor after the new administration takes office.<\/p>

\n\u201cWhile steady economic growth, increasing private and public consumption, and technological advancements support expansion, rising inflation and interest rates, and increased volatility from the 2026 elections in Colombia could put downward pressure on the performance of insurance companies,\u201d said Olga Rubo, associate director, AM Best.<\/p>

\nTo access the full copy of this market segment report, please visit http:\/\/www3.ambest.com\/bestweek\/purchase.asp?record_code=365308<\/a>.<\/p>

\nTo view current Best\u2019s Market Segment Outlooks, please visit http:\/\/www.ambest.com\/ratings\/RatingOutlook.asp<\/a>.<\/p>

\nAM Best is a global credit rating agency, news publisher and data analytics provider specializing in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit <\/b>www.ambest.com<\/b><\/a>.<\/b><\/p>

\nCopyright \u00a9 2026 by A.M. Best Rating Services, Inc. and\/or its affiliates. ALL RIGHTS RESERVED.<\/b><\/p> Contacts<\/b>

\nOlga Rubo, FRM, CPCU<\/b>Associate Director, Analytics<\/b>+52 55 1102 2720, ext. 134<\/b>olga.rubo@ambest.com<\/a><\/p>

\nChristopher Sharkey<\/b>Associate Director, Public Relations<\/b>+1 908 882 2310<\/b>christopher.sharkey@ambest.com<\/a><\/p>

\nAl Slavin<\/b>Senior Public Relations Specialist<\/b>+1 908 882 2318<\/b>al.slavin@ambest.com<\/a><\/p>","protected":false},"excerpt":{"rendered":"

MEXICO CITY–(BUSINESS WIRE)–#insurance–AM Best is maintaining its negative outlook on Colombia\u2019s insurance industry, citing challenging economic conditions, including rising inflation and interest rates, and political uncertainty.
\nAccording to the n…<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-14737","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14737","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=14737"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14737\/revisions"}],"predecessor-version":[{"id":14738,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/14737\/revisions\/14738"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=14737"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=14737"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=14737"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}