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Peru Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027

Publisher MarketLine
Published Feb 20, 2023
Length 44 Pages
SKU # MTLN17912374

Description

Peru Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027


Summary

Non-Life Insurance in Peru industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights
  • The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
  • The Peruvian non-life insurance market had total gross written premiums of $2.4 billion in 2022, representing a compound annual growth rate (CAGR) of 9.1% between 2017 and 2022.
  • The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $0.8 billion, equivalent to 34.9% of the market's overall value.
  • Peru's non-life insurance market experienced strong growth overall in the historical period between 2017 to 2022, with a growth rate of 9% in 2022.The cost of claims for non-life insurance companies will increase as a result of inflation increases in the costs of insurance customers in Peru.
Scope
  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Peru
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Peru
  • Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Peru non-life insurance market with five year forecasts
Reasons to Buy
  • What was the size of the Peru non-life insurance market by value in 2022?
  • What will be the size of the Peru non-life insurance market in 2027?
  • What factors are affecting the strength of competition in the Peru non-life insurance market?
  • How has the market performed over the last five years?
  • What are the main segments that make up Peru's non-life insurance market?

Table of Contents

44 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the market?
8 Company Profiles
8.1. El Pacifico Vida Compania de Seguros y Reaseguros SA
8.2. La Positiva Seguros y Reaseguros S.A.A.
8.3. RIMAC Seguros y Reaseguros S.A.
8.4. Mapfre SA
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. About MarketLine
List of Tables
Table 1: Peru non-life insurance market value: $ billion, 2017-22(e)
Table 2: Peru non–life insurance market category segmentation: % share, by value, 2017–2022(e)
Table 3: Peru non-life insurance market category segmentation: $ billion, 2017-2022
Table 4: Peru non–life insurance market geography segmentation: $ billion, 2022(e)
Table 5: Peru non-life insurance market value forecast: $ billion, 2022-27
Table 6: Peru non-life insurance market share: % share, by value, 2022(e)
Table 7: El Pacifico Vida Compania de Seguros y Reaseguros SA: key facts
Table 8: El Pacifico Vida Compania de Seguros y Reaseguros SA: Key Employees
Table 9: La Positiva Seguros y Reaseguros S.A.A.: key facts
Table 10: La Positiva Seguros y Reaseguros S.A.A.: Annual Financial Ratios
Table 11: La Positiva Seguros y Reaseguros S.A.A.: Key Employees
Table 12: RIMAC Seguros y Reaseguros S.A.: key facts
Table 13: RIMAC Seguros y Reaseguros S.A.: Annual Financial Ratios
Table 14: RIMAC Seguros y Reaseguros S.A.: Key Employees
Table 15: Mapfre SA: key facts
Table 16: Mapfre SA: Annual Financial Ratios
Table 17: Mapfre SA: Key Employees
Table 18: Mapfre SA: Key Employees Continued
Table 19: Peru size of population (million), 2018–22
Table 20: Peru gdp (constant 2005 prices, $ billion), 2018–22
Table 21: Peru gdp (current prices, $ billion), 2018–22
Table 22: Peru inflation, 2018–22
Table 23: Peru consumer price index (absolute), 2018–22
Table 24: Peru exchange rate, 2017–21
List of Figures
Figure 1: Peru non-life insurance market value: $ billion, 2017-22(e)
Figure 2: Peru non-life insurance market category segmentation: $ billion, 2017-2022
Figure 3: Peru non–life insurance market geography segmentation: % share, by value, 2022(e)
Figure 4: Peru non-life insurance market value forecast: $ billion, 2022-27
Figure 5: Forces driving competition in the non-life insurance market in Peru, 2022
Figure 6: Drivers of buyer power in the non-life insurance market in Peru, 2022
Figure 7: Drivers of supplier power in the non-life insurance market in Peru, 2022
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Peru, 2022
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Peru, 2022
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Peru, 2022
Figure 11: Peru non-life insurance market share: % share, by value, 2022(e)

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