La Colonial, Compañía de Seguros

About La Colonial, Compañía de Seguros

La Colonial, S.A., Compañía de Seguros operates under the guidelines established by Law No. 146-02, which regulates the practice of private insurance in the Dominican Republic. La Colonial was founded on July 28, 1971, and began its operations three months later, on October 29 of the same year. After 50 years of operations, it holds a leading position in the Dominican insurance market, currently being the only Dominican insurer with an Excellent (A-) rating from A.M. Best. A.M. Best ratings reflect profitable net results and more than adequate capitalization in risk management. La Colonial's consistently positive investment income levels have resulted in historically favorable benefits, which have allowed the company to continue strengthening its capitalization in line with its risk levels. La Colonial is among the 5 private insurers in the Dominican Republic with the largest volume of premiums collected and the only one in this group with both indicators above market averages.