Insurance business written by class of insurance — Gross written in Colombia
Colombia: Insurance business written by class of insurance — Gross written was 175.17 Euro in 2024. ▲ Rising
Insurance business written by class of insurance — Gross written in Colombia, 2009–2024
Source: Organisation for Economic Co-operation and Development. Measured in Euro.
Analysis
The most recent figure for insurance business written by class of insurance — gross written in Colombia is 175.17 Euro, measured in 2024. That is the highest value across all 16 years on record.
That represents a change of up 7.3% on the previous year and up 7.9% over ten years.
Over the whole period, insurance business written by class of insurance — gross written in Colombia peaked at 175.17 Euro in 2024 and was at its lowest, 67.71 Euro, in 2009.
Colombia ranks 34th of 44 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 16 years of available data.
Insurance business written by class of insurance — Gross written in Colombia, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 67.71 Euro | — |
| 2010 | 93.2 Euro | +37.7% |
| 2011 | 105.14 Euro | +12.8% |
| 2012 | 123.67 Euro | +17.6% |
| 2013 | 138.2 Euro | +11.7% |
| 2014 | 162.31 Euro | +17.4% |
| 2015 | 158.07 Euro | -2.6% |
| 2016 | 173.95 Euro | +10.0% |
| 2017 | 162.92 Euro | -6.3% |
| 2018 | 138.13 Euro | -15.2% |
| 2019 | 166.29 Euro | +20.4% |
| 2020 | 127.73 Euro | -23.2% |
| 2021 | 143.14 Euro | +12.1% |
| 2022 | 170.83 Euro | +19.3% |
| 2023 | 163.2 Euro | -4.5% |
| 2024 | 175.17 Euro | +7.3% |
Colombia compared with similar countries
- Colombia's 175.17 Euro is below the median for upper middle income countries, which is 404.93 Euro, 43% of the median. (11 countries reporting)
- Colombia's 175.17 Euro is above the median for Latin America & Caribbean, which is 175.17 Euro, 1.0× the median. (15 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 67.71 Euro | 67.71 Euro | 67.71 Euro | 1 |
| 2010s | 142.19 Euro | 93.2 Euro | 173.95 Euro | 10 |
| 2020s | 156.02 Euro | 127.73 Euro | 175.17 Euro | 5 |
Countries ranked near Colombia
More economy & growth data for Colombia
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 2.41 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 3 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps 4.82 billion BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit 0.0105 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita 90.31 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled 11.57 billion BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -15.44 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit 0.0253 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita 216.58 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 6.31 % change on previous year (2025)
Frequently asked questions
- What is insurance business written by class of insurance — gross written in Colombia?
- Insurance business written by class of insurance — gross written in Colombia was 175.17 Euro in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest insurance business written by class of insurance — gross written recorded in Colombia?
- The highest recorded value was 175.17 Euro in 2024.
- What is the lowest insurance business written by class of insurance — gross written recorded in Colombia?
- The lowest recorded value was 67.71 Euro in 2009.
- How does Colombia rank for insurance business written by class of insurance — gross written?
- Colombia ranks 34th out of 44 countries with data for 2024.
- Is insurance business written by class of insurance — gross written rising or falling in Colombia?
- Over the last ten years it is up 7.9%. The long-run trend across the full record is rising.
- Where does this Colombia data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Insurance business written by class of insurance — Gross written premiums. Statizoid updates them automatically from the source API.
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About this data
This dataset covers the breakdown of premiums by insurance class for life and non-life insurance.