Annuities send Colombian insurers' Jan profits soaring

Wednesday, March 8, 2017

Total net income in the Colombian insurance sector amounted to 123bn pesos (US$41mn) in January, up 200% year-on-year, according to local insurance association Fasecolda. The strong increase was fueled by the recovery of the annuities segment, which had posted a major loss in January 2016. Exc...

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This news article is one of hundreds published daily by Business News Americas about the commodities, markets, movements, companies, projects, economics and politics integral to the development of Latin America. Including news and insight from South America, Central America and the Caribbean, BNamericas includes insight and forecasts for business opportunities in Mexico. The business development service focuses on major projects, active companies, such as and business and sales contacts, providing networking opportunities with leading executives throughout Latin America.