{"version":1,"asset_type":"statistical_series","data_type":"time_series","slug":"co-non-life-insurance-penetration-gdp","url":"https://apiardata.com/statistics/co-non-life-insurance-penetration-gdp","html_url":"https://apiardata.com/statistics/co-non-life-insurance-penetration-gdp/","title":"Colombia Non-Life Insurance Premium Penetration (% of GDP) (2024)","description":"Colombia's Non-Life Insurance Premium Penetration (% of GDP): 1.5 % of GDP in 2024, unchanged YoY. OECD (OECD.DAF.CM:DSD_INS@DF_IND), 2009–2024.","domain":"markets","category":"Financial Markets","keywords":["Financial Markets","OECD","Colombia","2024"],"publisher":"OECD","frequency":"Annual","geography":"Colombia","temporal_coverage":"2009/2024","unit":"% of GDP","last_updated":"2026-07-27","last_updated_text":"27 July 2026","data_as_of":"2024","variable_measured":"Colombia Non-Life Insurance Premium Penetration (% of GDP)","license":"https://apiardata.com/data-license","is_accessible_for_free":true,"sources":[{"name":"OECD","url":"https://data-explorer.oecd.org/vis?fs[0]=Topic%2C0%7CFinancial+sector%23FIN%23&pg=0&fc=Topic&bp=true&snb=10"}],"meta":[{"label":"Frequency","value":"Annual"},{"label":"Coverage","value":"2009–2024"},{"label":"Observations","value":"16"},{"label":"Geography","value":"Colombia"},{"label":"Last updated","value":"27 July 2026"}],"kpis":[{"label":"Colombia (2024)","value":"1.5","unit":"% of GDP","trend":{"direction":"neutral","value":"unchanged YoY"}},{"label":"YoY Change","value":"unchanged","unit":"percentage points"},{"label":"Trend","value":"neutral","unit":""},{"label":"Series length","value":"16","unit":"years of data"}],"series":[{"key":"value","label":"Colombia Non-Life Insurance Premium Penetration (% of GDP)"}],"observation_count":16,"observations":[{"period":"2009","value":1.227},{"period":"2010","value":1.237},{"period":"2011","value":1.242},{"period":"2012","value":1.285},{"period":"2013","value":1.274},{"period":"2014","value":1.288},{"period":"2015","value":1.403},{"period":"2016","value":1.423},{"period":"2017","value":1.361},{"period":"2018","value":1.351},{"period":"2019","value":1.379},{"period":"2020","value":1.503},{"period":"2021","value":1.463},{"period":"2022","value":1.419},{"period":"2023","value":1.506},{"period":"2024","value":1.495}],"table":{"columns":[{"key":"year","label":"Year"},{"key":"value","label":"% of GDP"},{"key":"yoyChange","label":"YoY Change"}],"rows":[{"year":"2024","value":"1.5","yoyChange":"unchanged"},{"year":"2023","value":"1.5","yoyChange":"+0.1pp"},{"year":"2022","value":"1.4","yoyChange":"-0.1pp"},{"year":"2021","value":"1.5","yoyChange":"unchanged"},{"year":"2020","value":"1.5","yoyChange":"+0.1pp"},{"year":"2019","value":"1.4","yoyChange":"unchanged"},{"year":"2018","value":"1.4","yoyChange":"unchanged"},{"year":"2017","value":"1.4","yoyChange":"unchanged"},{"year":"2016","value":"1.4","yoyChange":"unchanged"},{"year":"2015","value":"1.4","yoyChange":"+0.1pp"},{"year":"2014","value":"1.3","yoyChange":"unchanged"},{"year":"2013","value":"1.3","yoyChange":"unchanged"},{"year":"2012","value":"1.3","yoyChange":"+0.1pp"},{"year":"2011","value":"1.2","yoyChange":"unchanged"},{"year":"2010","value":"1.2","yoyChange":"unchanged"},{"year":"2009","value":"1.2","yoyChange":"n/a"}]},"qa":[{"question":"What does this indicator measure?","answer":"This page tracks non-life insurance (P&C) gross written premiums as a share of GDP in Colombia from 2000 to present. Non-life penetration measures commercial risk transfer capacity and SME insurance coverage depth. It is published by OECD and updated annually."},{"question":"How current is this data?","answer":"The most recent observation covers 2024. OECD typically publishes this series with a lag of several months after the reference period. The series runs 2009–2024 (16 observations)."},{"question":"What is the long-term trend?","answer":"The series peaked at 1.5 % of GDP in 2023 and reached its lowest recorded value of 1.2 in 2009. The latest reading of 1.5 in 2024 is unchanged on the previous period."}]}