Insurance brokers are committed to a governance and sustainability model for the sector

At the Acoas 2024 Congress, held in Barranquilla, the Colombian Association of Insurance Brokers (Acoas) and its allies They presented a governance model for the insurance sector, based on principles of good corporate governance. This model seeks to strengthen trust, transparency and sustainability in the insurance industry in Colombia.

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The proposal focuses on strengthening the sector through the implementation of a code of ethics and conduct, the creation of specialized committees and the training and implementation of participatory boards of directors and aware of the importance of good corporate governance as a pillar for organizational and insurance sector success.

“Good corporate governance is essential for the sustainability of our industry. This new model will help consolidate trust in the sector. We invite everyone, affiliated and non-affiliated, to adopt these practices to promote healthy competition, stability and transparency that our industry and the country need,” highlighted Claudia González, executive president of Acoas.

Additionally, the Acoas 2024 Congress addressed strategic issues for the insurance sector in 2025, highlighting biodiversity, economic sustainability, industry competitiveness and innovation, key aspects that will drive the positioning of the Colombian insurance sector in the coming years. years.

The key issues that will transform the insurance industry in 2025 include focusing on sustainable practices that mitigate risks and promote responsible development, through insurance for environmental conservation, investment in sustainable projects and the integration of environmental, social and governance criteria. (ESG) in their decisions.

To improve its competitiveness, the insurance industry will need to adopt emerging technologies and innovative solutions. This includes the use of insurtech to optimize processes, the personalization of products through data analysis and the continuous training of professionals in the sector.

The insurance sector will take advantage of the economic growth expected for Colombia in 2025. To do so, it will rely on expected macroeconomic projections and will seek to consolidate strategic alliances and diversify its product portfolio, thus facilitating access to insurance for a greater number of people.

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