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//soat
Banca de las Oportunidades.
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Over 96% Of Colombian Adults Now In Formal Financial Sector

23.3% of Colombian adults now qualify for credit cards and over 90% have access to deposit savings products.
Posted On June 6, 2025
, By Editorial Staff
Motorcycle getting towed ©Liliana Padierna
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Fitch: Claims Affect Profitability For Colombian Property & Casualty, Health Insurers

Loss ratios for most of the rated insurers were up due to a higher cost of claims.
Posted On June 2, 2023
, By Loren Moss
Vice President of Colombia, Francia Márquez Mina (left) with Cuban President Miguel Díaz Canel
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Op-Ed: Vice President Francia Marquez Would Love To Doom Colombia’s Health System

Marquez wants the Cuban system. Petro promises more limited reforms...for now.
Posted On February 21, 2023
, By Loren Moss
AKT is a Colombian domestic motorcycle manufacturer with plans to expand internationally.
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Colombia Mandatory Accident Insurance Policy Issuance Up 48% After Government Discount Measures Introduced

Between December 19 and January 18, 2023, more than 1.3 million policies have already been issued.
Posted On February 1, 2023
, By Loren Moss
Some of the land border crossings with Venezuela have been closed for up to 7 years.
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Atanasio Girardot “Tienditas” Bridge Opens Between Colombia And Venezuela

The bridge was never opened when finished due to rising tensions between the two neighbors.
Posted On January 3, 2023
, By Loren Moss
Motorcycle
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Colombia’s Compulsory Vehicle Insurance (SOAT) Rates Adjusted For 2023

Colombia's compulsory vehicle liability insurance provides roughly $72,000 or $192,000 USD in injury & disability coverage, depending on tier.
Posted On January 3, 2023
, By Loren Moss
Photo © Loren Moss
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Motorcycle Protests Expected Today Across Colombia

The protests are over the price of gasoline, mandatory accident insurance (SOAT), and alleged abuses by transit authorities, such as demanding cash bribes.
Posted On November 23, 2022
, By Loren Moss
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MAPFRE Insurance Signs Deal With Banco Pichincha For Voluntary Insurance

Spanish insurer MAPFRE has entered into a strategic alliance with Banco Pichincha in Colombia to offer insurance products to the bank's customers.
Posted On January 27, 2020
, By Loren Moss
Ignacio Garralda is the chairman of Spanish insurer Mutua Madrileña
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Mutua Madrileña Takes 45% Stake In Colombia’s Seguros Del Estado

Spain’s Mutua Madrileña insurance company has purchased 45% of Colombia’s Seguros del Estado, a private insurance company operating in Colombia. Seguros del Estado claims the #2 ranking in property and casualty insurance in Colombia. Mutua Madrileña also acquired an option to...
Posted On November 18, 2019
, By Loren Moss
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Colombian Insurer Aseguradora Solidaria de Colombia Reports Record Growth Amidst A Strong Insurance Market

While the insurance market in Colombia grew at a rate of 5.5% in 2018, Aseguradora Solidaria stood out with a growth rate of 18.8%, led by growth in personal lines. Carlos Arturo Guzmán, (above) president of the company, revealed: “the truth was a year of very good results,...
Posted On March 12, 2019
, By Loren Moss
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