Regulation tightens as Colombia's insurance market grows and matures

<?xml version="1.0" encoding="UTF-8"?><collection xmlns="http://www.loc.gov/MARC21/slim" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" xsi:schemaLocation="http://www.loc.gov/MARC21/slim http://www.loc.gov/standards/marcxml/schema/MARC21slim.xsd">
  <record>
    <leader>00000nam a22000004b 4500</leader>
    <controlfield tag="001">MAP20120048782</controlfield>
    <controlfield tag="003">MAP</controlfield>
    <controlfield tag="005">20121122110804.0</controlfield>
    <controlfield tag="008">121122s2012    usa||||       ||| ||eng d</controlfield>
    <datafield tag="040" ind1=" " ind2=" ">
      <subfield code="a">MAP</subfield>
      <subfield code="b">spa</subfield>
    </datafield>
    <datafield tag="084" ind1=" " ind2=" ">
      <subfield code="a">219</subfield>
    </datafield>
    <datafield tag="100" ind1=" " ind2=" ">
      <subfield code="0">MAPA20080659875</subfield>
      <subfield code="a">Slavin, Al</subfield>
    </datafield>
    <datafield tag="245" ind1="0" ind2="0">
      <subfield code="a">Regulation tightens as Colombia's insurance market grows and matures</subfield>
      <subfield code="c">Al Slavin</subfield>
    </datafield>
    <datafield tag="260" ind1=" " ind2=" ">
      <subfield code="a">Oldwick</subfield>
      <subfield code="b">A.M. Best Company, Inc.</subfield>
      <subfield code="c">2012</subfield>
    </datafield>
    <datafield tag="490" ind1="0" ind2=" ">
      <subfield code="a">Best's special report</subfield>
    </datafield>
    <datafield tag="520" ind1=" " ind2=" ">
      <subfield code="a">The report finds that the Colombian insurance industry's gross premium increased by 15% to COP 14.2 trillion (USD 7.3 billion) in 2011, according to BestLink data A.M. Best projects that total premium will reach COP 20.3 trillion in 2016. The level of insurance penetration in Colombia has held steady at 2.3% in each of the past three years, but A.M. Best expects this to increase if overall economic growth keeps unemployment stable, consumer spending power subsequently elevates and more individuals join the formal economy as banking customers</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080586294</subfield>
      <subfield code="a">Mercado de seguros</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080611880</subfield>
      <subfield code="a">Perspectivas del seguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080600648</subfield>
      <subfield code="a">Crecimiento económico</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080607616</subfield>
      <subfield code="a">Penetración del seguro</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080545185</subfield>
      <subfield code="a">Ranking</subfield>
    </datafield>
    <datafield tag="650" ind1=" " ind2="1">
      <subfield code="0">MAPA20080591281</subfield>
      <subfield code="a">Grupos aseguradores</subfield>
    </datafield>
    <datafield tag="651" ind1=" " ind2="1">
      <subfield code="0">MAPA20080638030</subfield>
      <subfield code="a">Colombia</subfield>
    </datafield>
    <datafield tag="710" ind1="2" ind2=" ">
      <subfield code="0">MAPA20080441371</subfield>
      <subfield code="a">A.M. Best Company</subfield>
    </datafield>
    <datafield tag="830" ind1=" " ind2="0">
      <subfield code="0">MAPA20090030251</subfield>
      <subfield code="a">Best's special report</subfield>
    </datafield>
  </record>
</collection>