Federación de Aseguradores Colombianos

Fasecolda, also known as the Federación de Aseguradores Colombianos, is a trade association that represents insurance companies operating in Colombia. It serves as the primary interlocutor between the insurance sector and governmental authorities, including the Superintendencia Financiera de Colombia. The federation promotes the development and professionalization of the insurance industry through studies, training programs, and technical guidance. It works to strengthen insurance culture among businesses and the general public by disseminating information about risk management and coverage options. Fasecolda also provides member services such as legal advice, regulatory updates, and platforms for sector collaboration.

The organization is headquartered in Colombia, reflecting its national focus on the Colombian insurance market. A distinguishing attribute of Fasecolda is its specialization in the insurance sector, giving it a unique regulatory and advocacy role within the country's financial system. The federation has demonstrated competence in managing data systems related to automobile insurance and compulsory traffic accident insurance (SOAT), as evidenced by its handling of such information during a cyber incident. In February 2024, Fasecolda detected a cyberattack that prompted the isolation of systems containing automobile and compulsory traffic accident insurance data, successfully containing the intrusion without observed data exfiltration. While the federation’s ownership structure and any parent or subsidiary relationships are not detailed in the available sources, it operates as a federation dedicated to serving its member insurers.