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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.