Snapshot: HDI Colombia
HDI Colombia is one of six HDI units operating in Latin America.
The business was formerly Generali Colombia, which HDI parent Talanx purchased in 2017.
As part of the 30mn-euro (US$33.8mn at currency exchanges rates) deal, HDI acquired Generali Colombia’s P&C business, as well as its life insurance subsidiary.
Today in the region, HDI units also operate in Argentina, Brazil, Chile, Mexico and Uruguay. HDI is also present in Bermuda.
HDI Colombia has recently announced plans to continue building its digital muscles. Pumping resources into technology is not just a necessity but also an opportunity, it said. Consumption patterns are changing and companies, in turn, must adapt to keep pace, according to the insurer.
HDI Colombia also recently strengthened its links to the country’s cooperatives sector by signing a partnership deal with savings and loan cooperative Fincomercio.
Founded in 1957 and now serving some 193,000 people, Fincomercio also sells the likes of car and motorcycle insurance, mandatory traffic accident insurance (SOAT), life insurance and home insurance products.
In 2017, the number of cooperative members in Colombia grew by 149,168 to 3.09mn. Cooperative members tend to belong to lower-income segments and, according to Fincomercio manager Arturo Vega, generally only purchase insurance via cooperatives channels.
In a statement, HDI said key aims were to help boost penetration of financial inclusion-linked insurance and designing products especially geared to the risks to which members are exposed.
HDI also has similar alliances, with Crezcamos and Cotrafa.
AT A GLANCE: HDI COLOMBIA
According to data from watchdog Superfinanciera, 26 players operate in the P&C segment and 20 in life.
HDI’s P&C unit
Assets: 343bn pesos (US$105mn) at the end of April.
Liabilities: 286bn pesos at end-April.
Premiums: 80.6bn pesos written for January-April, compared with segment total of 4.45tn pesos.
Profit: 2.02bn pesos for January-April
Combined ratio: 106% in April
HDI’s life unit
Assets: 53.7bn pesos at end-April.
Liabilities: 36.2bn pesos at end-April.
Premiums: 25.1bn pesos written for January-April, compared with segment total of 4.76tn pesos.
Profit: A loss of 343mn pesos for January-April
Combined ratio: 104% in April
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
News in: Political Risk & Macro (Argentina)
Provincial projects expected to benefit from Milei’s investment regime, experts say
Argentina's provinces will be able to be involved as long as the taxes to be applied are only those in force previously.
At a glance: Key changes coming for Argentina’s hydrocarbons sector
BNamericas looks at some elements of Argentina’s sweeping economic reform bill that was approved by lawmakers last week.
Subscribe to Latin America’s most trusted business intelligence platform.
Other projects
Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.
- Project: Electro Solar Generation Park (ex Levitals Solar Park)
- Current stage:
- Updated:
2 days ago
- Project: Café International Airport
- Current stage:
- Updated:
3 days ago
- Project: La Soufrière geothermal project
- Current stage:
- Updated:
3 days ago
- Project: Las Cunas Photovoltaic Park
- Current stage:
- Updated:
3 days ago
- Project: Malargüe thermal power plant
- Current stage:
- Updated:
3 days ago
- Project: Oko West
- Current stage:
- Updated:
3 days ago
- Project: El Copey Photovoltaic Park
- Current stage:
- Updated:
3 days ago
- Project: Pequén photovoltaic park
- Current stage:
- Updated:
3 days ago
- Project: Photovoltaic Plant in Lindero Mine
- Current stage:
- Updated:
3 days ago
- Project: Santo Agostinho 26 wind farm (Santo Agostinho wind complex - Phase 1)
- Current stage:
- Updated:
3 days ago
Other companies
Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.
- Company: Central Hidroeléctrica Huallaga Hydro S.A (HUAHYSA)
-
Central Hidroeléctrica Huallaga Hydro S.A. (Huahysa) is a subsidiary of Spanish renewable energy company Ibereólica. Huahysa engages in electric power generation, transmission a...
- Company: Bravo Mining Corp. (Bravo)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Municipalidad Provincial de Huamanga
- Company: Summum Projects S.A.S (Summum Projects)
-
The description included in this profile was taken directly from an official source and has not been modified or edited by the BNamericas’ researchers. However, it may have been...
- Company: Odebrecht Engenharia e Construção Internacional S.A. (OECI)
-
Odebrecht Engenharia e Construção, part of the Brazilian multinational conglomerate Odebrecht, was created in 2014 to act as a non-operational holding company for the group's en...
- Company: Ingeniería Arquitectura Construcción SpA (GIA Ingeniería)
-
The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
- Company: Medcap Energy Caribe, S.R.L.
-
The description included in this profile was taken directly from an AI source and has not been edited or modified by BNamericas researchers. However, it may have been automatica...
- Company: BHP Group Limited (BHP)
-
Australia-based BHP, formerly known as BHP Billiton Ltd., is a mineral resources company that operates in seven segments: petroleum; aluminum; base metals; carbon steel material...
Subscribe to the leading business intelligence platform in Latin America with different tools for Providers, Contractors, Operators, Government, Legal, Financial and Insurance industries.
