MILK Brief #21- Colombian Life Microinsurance: An emerging success story

Description: 

An emerging success story, provides an overview of MILK’s business case work in Colombia, focusing on the experience of the insurer MAPFRE, which reflects these trends with significant growth in its Colombia-based life microinsurance business, but has also enjoyed a privileged position in Colombian microinsurance market, a position which may be changing. Life microinsurance in Colombia has been a growing and profitable business, contributing materially to both the top and bottom line of companies engaged in the sector. MAPFRE's life microinsurance market share in 2012 was 23% for the products MILK studied, which can in large part be ascribed to being the first to market in partnership with a public utility.

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Author: 

Richard Koven and Xavier Martin with research support and analysis by Nick Winkleblack

Publisher: 

MILK

Number of pages: 

12

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