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Loss ratios for most of the rated insurers were up due to a higher cost of claims.

Manuel Obregón will ascend to chair Chubb's Colombia Board of Directors focusing on governance & strategic decisions.

Chubb Risk Engineering initially developed this service in North America, then introducing it in Chile during 2018, then rolling it out to several Latin American countries.

Korean Reinsurance Company has obtained approval from Colombian regulators to open a representative office in Bogota.

"We continue to see an influx of competitors, which is a sign of the Colombia's enduring appeal," says Axel Brohm of Swiss Re.