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BBVA Seguros' Colombian unit records 20% premium growth in 2015


The Colombian subsidiary of Spain-based BBVA Seguros S.A. de Seguros y Reaseguros recorded 20% overall growth in premiums in 2015, reports BNamericas citing news agencies.

BBVA Seguros president Milton David Mican said that premiums grew 24% in the nonlife segment.

Mr. Mican said that infrastructure developments and agriculture represent large opportunities for insurers in Colombia.

BBVA is anticipating a 12% growth in premiums in 2016.

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