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Insurance growth potential in Colombia: Official

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Nicolas Delgado Gonzalez, president of QBE Seguros S.A. in Colombia, has said that there is plenty of space for insurers in the country in spite of increasing competition in the domestic market, reported BNamericas citing newspaper El Tiempo.

This is because of the growth potential of Colombia's insurance market, Mr. Gonzalez said.

"At a regional level the only economies that are doing well are Colombia and Mexico, which is why there's more interest in these markets from foreign companies," said Mr. Gonzalez.

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