Penalty imposed on an insurer regarding debtor’s life insurance

In a recent 2025 decision, the Financial Superintendency of Colombia (the “SFC”, for its acronym in Spanish) imposed a fine on an insurance company for violating financial consumer protection regulations
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Colombian Council of State restates that the claims-made clause is not abusive

In a recent 2025 ruling, the Colombian Council of State (hereinafter, the “CE”) decided a medical liability case initiated through a direct reparation action filed by the parents of a
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Statute of limitations in performance bonds for government contracts

In a recent 2025 decision, the Colombian Council of State (the “CE”) ruled on the statute of limitations applicable to performance bonds that guarantee contracts governed by the public procurement
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Insurance Regulation in Latin America and Spain: Evolution or Revolution?

Over the past decades, the insurance markets in Latin America and Spain have experienced steady growth, accompanied by increasing regulatory complexity. Globally, the trend has moved toward risk-based frameworks —
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Supreme Court and the insurers’ duty of due diligence

In a recent 2025 judgment, the Colombian Supreme Court of Justice (hereinafter, the “SCJ”) ruled on a constitutional proceeding (acción de tutela) filed against a second-instance decision issued by the
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What does the SFC say about coverholders registered in REACOEX?

Colombian regulator clarifies rules for foreign reinsurers’ underwriting agencies (coverholders) In a legal opinion issued in May 2025, the Colombian Superintendence of Finance (the “SFC”, for its acronym in Spanish)
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Insurers’ duty of due diligence to verify the nature of the risk

Insurers’ duty of due diligence to verify the nature of the risk In a recent ruling issued in 2025, the Colombian Constitutional Court (hereinafter, the “Court”) ruled on key aspects
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Indemnity under performance bond insurance for loss of opportunity

In a recent 2025 ruling, the Council of State (the “CS”) clarified that, for an insured party covered under a performance bond to claim compensation for loss of opportunity, it
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Bancassurance: Bank sanctioned for breach of duty of due diligence

In a recent 2025 sanction, the Colombian Financial Superintendence (the “SFC”, for its acronym in Spanish) imposed a penalty on a bank for deficiencies in the management and safekeeping of
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Colombia enacted Law 2475 to guarantee the inclusion and non-discrimination of cancer survivors

On July 9, 2025, Colombia enacted Law 2475, which (i) seeks to guarantee the inclusion and non-discrimination of cancer survivors within the framework of insurance contracting, and (ii) modifies Article
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