Peru Insurance Q1 2020
There are numerous positive trends at play in Peru's insurance industry. The market is highly competitive with a numberof large domestic providers active in the life and non-life segments, as well as major multinationals which bring access to extensivecapital backing and broad distribution networks. Though operating on a relatively small scale in global terms, the product offeringhas evolved beyond basic lines and in the non-life sector most lines are now well catered for while in the life sector consumers canaccess a variety of savings, protection and investment products. A positive macroeconomic background further underpins ourforecasts for further premium growth in the market.
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