Colombia’s insurance market recorded strong expansion through June 2026, with combined life and non-life premiums reaching USD 8.941 billion, compared with USD 7.097 billion in June 2025. This represents nominal year-on-year growth of 26.0%, indicating a significant increase in premium volumes across the Colombian insurance sector.
Measured in local currency, total premiums amounted to COP 30.032 trillion at June 2026, up from COP 28.636 trillion a year earlier. The nominal year-on-year increase was 4.9%, providing a local-currency measure of the market’s evolution during the first half of 2026.
The Colombian insurance market comprised 49 competing insurers when life and non-life entities are considered separately. Competition remained concentrated among the leading groups, with SURAMERICANA VIDA holding the largest market share at 16.4%, followed by ALFA VIDA at 9.9% and BOLIVAR VIDA at 5.6%. The three leading insurers together accounted for 31.9% of the market.
The remainder of the top ten ranking comprised SURAMERICANA GENERALES, PREVISORA GENERALES, MUNDIAL GENERALES, ASULADO VIDA, AXA COLPATRIA GENERALES, POSITIVA VIDA and AXA COLPATRIA VIDA. The ranking illustrates the presence of both life and non-life specialists among Colombia’s principal insurance competitors and provides a reference point for assessing market structure, concentration and competitive positioning as of June 2026.
Source:
LATIN AMERICA INSURANCE MONITOR. INDUSTRY STATISTICS, COMPETITIVE LANDSCAPE AND FORECAST REPORT