What does the SFC say about microinsurance in Colombia?
Friday, 20 June 2025
by Insuralex
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
- Published in Brigard Urrutia, News + Articles
What does the SFC say about parametric insurance in Colombia?
Wednesday, 18 June 2025
by Insuralex
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
- Published in Brigard Urrutia, News + Articles
Limitations on Surety Bond Coverage for Structural Stability Defects
Tuesday, 15 April 2025
by Insuralex
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
- Published in Brigard Urrutia, News + Articles
Limitations on performance bond coverage for wages and benefits
Monday, 31 March 2025
by Insuralex
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
- Published in Brigard Urrutia, News + Articles
Work stability coverage and exclusion of lack of maintenance
Wednesday, 12 March 2025
by Insuralex
The Colombian Council of State recently issued a ruling reinforcing contractor liability for structural defects in public works projects, even after contract settlement. The case involved a temporary joint venture
- Published in Brigard Urrutia, News + Articles
Colombian Regulator Warns Insurer Over Misleading “All-Risk” Insurance Label
Monday, 24 February 2025
by Insuralex
On January 16, 2025, the Colombian Financial Superintendency (the “SFC” for its acronym in Spanish) issued a warning to an insurance company for violating consumer protection regulations by offering a
- Published in Brigard Urrutia, News + Articles
Colombian Council of State Defines Statute of Limitations for Insurance Claims in Fiscal Liability Proceedings
Wednesday, 19 February 2025
by Insuralex
On November 28, 2024, the Colombian Council of State upheld a ruling that annulled the inclusion of an insurer as a civilly liable third party in a fiscal liability proceeding
- Published in Brigard Urrutia, News + Articles
Employer´s liability coverage in civil liability insurance
Monday, 17 February 2025
by Insuralex
This piece delves into a recent ruling by the Colombian Supreme Court (SL015-2025), which addresses the employer’s liability coverage under a civil liability insurance. The case involves the death of
- Published in Brigard Urrutia, News + Articles
Colombian Council of State upholds enforcement of regulatory surety bonds (Insurance)
Monday, 10 February 2025
by Insuralex
In its ruling of December 5, 2024 (Case No. 25000-23-24-000-2010-00132-01), the Colombian Council of State (hereinafter, the “CS”) upheld the authority of the Superintendence of Industry and Commerce (hereinafter, the
- Published in Brigard Urrutia, News + Articles
Colombian supreme court reaffirms insurer´s obligation in survivor´s pensions
Tuesday, 04 February 2025
by Insuralex
This piece explores a recent ruling by the Colombian Supreme Court confirms that when a pension fund takes out insurance to cover shortfalls in survivor’s pensions, the insurer must automatically
- Published in Brigard Urrutia, News + Articles
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