‡ortunities ˆhe rosects for ‘ndean insurance Insurance market rowth in the ‘ndean reion is exected to remain ro ust… a eit market rowth are reativey ositive ‡‡‡ sower than in the revious decade‡ ˆota remiums are forecast to row y ¢ er year in rea terms etween 2016 and 202™… sihty faster than the 6 ro“ected for a of ›atin ‘merica‡ ˜ost of the rowth wi come from ƒeru and Œoom ia‡ ‰oth countries are ainin their reuatory frameworks with internationa est ractices whie aso entrenchin oen and usiness†friendy trade and investment reimes‡ —or instance… a Euroean ¥nion E¥„†‘ndean Œommunity free trade areement concuded in 201¡ is currenty ein imemented and wi enhance market access for Euroean re/insurance firms‡2™ … with oortunities across many ines ˆhere is sinificant rosect for catch†u in virtuay a ines of usiness in these of usiness‡ markets… eseciay for insurers which can ta into ower†income sements‡ ›are u ic†rivate artnershi ieines… such as the fourth†eneration 4€„ transort infrastructure investment roram in Œoom ia… indicate demand for enineerin… credit and surety insurance‡ ‘nd an anticiated settement of Œoom ia’s on† runnin interna confict wi further interate the rura sector into the nationa economy… creatin new oortunities for aricutura insurance‡ Figure ˆ 12% ‹ea rowth of insurance remiums… 10% 8% 6% 4% 2% 0% 1996–05 2006–15 2016–25F Colombia Ecuador Peru Bolivia Latin merica — ¯ —orecast Žource: Žwiss ‹e Economic ‹esearch Ÿ Œonsutin‡ 12 10 8 6 4 2 0 199505 200515 201525 25 ˆhe areement currenty ony aies to Œoom ia and ƒeru‡ Ecuador is exected to “oin in 2016‡ Swiss Re sigma No 2/2016 1¢
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