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
Tagged under: , , ,

Council of State clarifies requirements for subrogation in insurance

In a recent 2025 judgment, the Council of State (hereinafter, the “CE”) decided an appeal in the context of a contractual dispute. The case arose from the performance of an
Tagged under: , , , ,

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
Tagged under: , , , , , ,

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
Tagged under: , , , , ,

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
Tagged under: , , , , , , ,

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
Tagged under: , , , ,

What does the SFC say about microinsurance in Colombia?

By means of a recent legal opinion, the Financial Superintendency of Colombia (“SFC”) made important considerations regarding the regulation of microinsurance in Colombia: General regulatory framework Microinsurance does not have
Tagged under: , , , , , , ,

What does the SFC say about parametric insurance in Colombia?

By way of a recent legal opinion, the Colombian Superintendency of Finance (“SFC”) issued its views on the regulation applicable to parametric insurance in Colombia. Below is a summary of
Tagged under: , , , , ,

Limitations on Surety Bond Coverage for Structural Stability Defects

By means of a recent arbitral award published in 2025, an arbitral tribunal in Colombia (hereinafter, the “Tribunal”) settled a dispute between (i) a contracting company, insured and beneficiary under
Tagged under: , ,

Limitations on performance bond coverage for wages and benefits

In a recent 2025 ruling, the Colombian Supreme Court of Justice (hereinafter, the “Court”) issued a decision on the scope of coverage for salaries and social benefits under surety bonds
Tagged under: , , , , ,