Can we also talk about insurance globalisation in Latin America, like in Europe?
What major groups are there? There are several of these groups in Colombia: Allianz, ACE, Generali, Liberty, MAPFRE, Royal, although Zurich, for example, is not there. But there is a fully globalised market. I would say that in Colombia, foreign premiums in December 2008 accounted for 45% of the Colombian market. Do the people who work in the new insurance companies receive training in a special school or do they receive generic training when they work in an insurance company? Both, I think, although the vast majority end up as professionals on the basis of generic training. There are formal schools such as the Politécnico Gran Colombiano which has an insurance faculty. Many people acquire experience on the job and are trained in various companies. In Colombia, Bolívar and Suramericana have the longest standing tradition. What do you think of rating agencies? In 1991, when I was with Reaseguradora Hemisférica, there were no such determining players in the financial or insurance markets
