...Stable Rating, Sector Outlook: Fitch Ratings' sector and rating outlooks for the Colombian insurance industry are both stable. The stable rating outlook indicates that there is a high likelihood Fitch will affirm the ratings of most Colombian insurance companies in 2015. The stable sector outlook reflects Fitch's expectation that the key credit metrics of the Colombian insurance sector will remain broadly stable and the industry will manage to navigate through the challenges of 2015. Positive Growth Dynamics: The Colombian insurance sector grew by 10% in September 2014, excluding the premiums of a large pension insurance policy issued in 2013. For 2015, Fitch estimates premium growth to be between 8% and 10%. Growth will be supported by the favorable economic environment, which will stimulate social security lines, compulsory auto liability and life policies. The development of infrastructure projects promoted by the government will contribute positively to growth in business lines like...
