This cost the claims to the country’s insurance industry in 2023 – Financial Sector – Economy
The covid-19 pandemic is among the main reasons why people in Colombia today are taking more insurance, especially to protect their lives against eventual contingencies that may arise. Only at the end of last year, some 25 million people in the country had one of these policies with different coverages, according to the Federation of Colombian Insurers (Fasecolda).(Also read: This is the Government's strategy to achieve greater financial inclusion) The demand for these life insurance policies grew last year by close to 5 percent in real terms per year, after the premiums went from 8,682 million pesos in 2021 to…
