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Allianz biggest H1 market share winner in Colombia P&C sector


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IMAGE: Allianz »

September.11.2014

The Colombian unit of German insurer Allianz saw its share of property and casualty (P&C) premiums in the first six months of the year increase to 7.49%, from 6.29% in the year-ago period, a greater increase than any of its competitors, according to figures from local regulator Superfinanciera.

Total premiums in Colombia's P&C sector in the first half of the year came to 4.66tn pesos (US$23.6bn), with Allianz' accounting for 349bn pesos.

The biggest P&C insurer in the period was Suramericana de Seguros, the P&C subsidiary of Colombian financial holding Sura, with a 14.3% share of premiums, down from 14.6% in the year-ago period.

Seguros Colpatria, a unit of French insurer Axa, was second with a 9.18% share (up 44bp), followed by Seguros del Estado with 8.23% (up 32bps).

Liberty Seguros, a unit of Boston-based Liberty Mutual, was fourth with 7.76% of premiums (down 93bps), followed by Allianz in fifth place.

Article Credit: Bnamericas

Updated 4 Years ago
 

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Tags:     Colombian     German     Allianz     P&C     Seguros Colpatria     Liberty Seguros    

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