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Life Insurance in Peru, Key Trends and Opportunities to 2020

Life Insurance in Peru, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Life Insurance in Peru Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Peruvian life insurance segment, including:

  • An overview of the Peruvian life insurance segment
  • The Peruvian life insurance segment’s growth prospects by category
  • A comprehensive overview of the Peruvian economy and demographics
  • A comparison of the Peruvian life insurance segment with its regional counterparts
  • The various distribution channels in the Peruvian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Peru
  • Details of regulatory policy applicable to the Peruvian insurance industry
Summary

Timetric’s 'Life Insurance in Peru Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Peruvian life insurance segment, and a comparison of the Peruvian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Peruvian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the life insurance segment in Peru:
  • It provides historical values for the Peruvian life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Peruvian life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Peruvian life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for life insurance products in Peru.
  • It profiles the top life insurance companies in Peru and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Peruvian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Peruvian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Peruvian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Life insurance was the largest segment in the Peruvian insurance industry in 2015, accounting for 47.9% of the industry’s gross written premium.
  • Insurance penetration in the life segment was 0.9% in 2015.
  • The Peruvian life segment is consolidated, with the 10 leading companies accounting for 99.0% of the segment’s direct written premium in 2015.
  • In August 2014, the SBS made it mandatory for all independent workers under the age of 40 to contribute to the private pension system.


  • Key Facts and Highlights
    • Table Peruvian Life Insurance - Key Facts, 2015
    • Table Peruvian Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Peru Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Peruvian Life Insurance - Gross Written Premium (PEN Billion and US$ Billion), 2011-2015
        • Table Peruvian Life Insurance - Penetration (%), 2011-2015
        • Table Peruvian Life Insurance - Gross Written Premium (PEN Billion and US$ Billion), 2015-2020
        • Table Peruvian Life Insurance - Penetration (%), 2015-2020
        • Table Peruvian Life Insurance - Premium per Capita (PEN and US$), 2011-2015
        • Table Peruvian Life Insurance - Premium per Capita (PEN and US$), 2015-2020
      • Policies sold
        • Table Peruvian Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Peruvian Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Peruvian Life Insurance - Paid Claims (PEN Billion and US$ Million), 2011-2015
        • Table Peruvian Life Insurance - Paid Claims (PEN Billion and US$ Million), 2015-2020
      • Assets and investments
        • Table Peruvian Life Insurance - Total Assets (PEN Billion and US$ Billion), 2011-2015
        • Table Peruvian Life Insurance - Total Assets (PEN Billion and US$ Billion), 2015-2020
        • Table Peruvian Life Insurance - Total Investment Income (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Life Insurance - Total Investment Income (PEN Billion and US$ Billion), 2015-2020
        • Table Peruvian Life Insurance - Investment Portfolio (PEN Billion), 2011-2015
        • Table Peruvian Life Insurance - Investment Portfolio (PEN Billion), 2015-2020
  • Outlook by Sub-Segment
    • Table Peruvian Life Insurance - Direct Written Premium by Sub-Segment (PEN Billion), 2011-2015
    • Table Peruvian Life Insurance - Direct Written Premium by Sub-Segment (PEN Billion), 2015-2020
    • Individual Life Insurance
      • Premium
        • Table Peruvian Individual Life Insurance - Direct Written Premium by Category (PEN Billion), 2011-2015
        • Table Peruvian Individual Life Insurance - Direct Written Premium by Category (PEN Billion), 2015-2020
      • Policies sold
        • Table Peruvian Individual Life Insurance - Number of Policies Sold by Category (Million), 2011-2015
        • Table Peruvian Individual Life Insurance - Number of Policies Sold by Category (Thousand), 2015-2020
      • Penetration
    • Group Life Insurance
      • Premium
        • Table Peruvian Group Life Insurance - Direct Written Premium by Category (PEN Million), 2011-2015
        • Table Peruvian Group Life Insurance - Direct Written Premium by Category (PEN Billion), 2015-2020
      • Policies sold
        • Table Peruvian Group Life Insurance - Number of Policies Sold by Category (Million), 2011-2015
        • Table Peruvian Group Life Insurance - Number of Policies Sold by Category (Million), 2015-2020
      • Penetration
  • Distribution Channel Outlook
  • Competitive Landscape
    • Table Peruvian Insurance Industry - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Rímac Seguros y Reaseguros - company overview
        • Table Rímac Seguros y Reaseguros - Key Facts
        • Table Rímac Seguros y Reaseguros - Key Financials (PEN Billion), 2011-2015
      • El Pacífico Vida Compañí a de Seguros y Reaseguros - company overview
        • Table El Pacífico Vida Compañí a de Seguros y Reaseguros - Key Facts
        • Table El Pacífico Vida Compañí a de Seguros y Reaseguros - Key Financials (PEN Million), 2011-2015
      • Interseguro Compañí a de Seguros SA - company overview
        • Table Interseguro Compañí a de Seguros SA - Key Facts
        • Table Interseguro Compañí a de Seguros SA - Key Financials (PEN Million), 2011-2015
      • La Positiva Vida Seguros & Reaseguros SA - company overview
        • Table La Positiva Vida Seguros & Reaseguros SA - Key Facts
        • Table La Positiva Vida Seguros & Reaseguros SA - Key Financials (PEN Million), 2011-2015
      • Seguros Sura SA - company overview
        • Table Seguros Sura SA - Key Facts
        • Table Seguros Sura SA - Key Financials (PEN Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Peru - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Peru - Life Insurance Regulatory Framework
      • Property insurance
        • Table Peru - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Peru - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Peru - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
        • Table Peru - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Personal accident and health insurance
    • Compulsory Insurance
      • Third-party liability insurance for vehicles carrying dangerous goods
      • Motor third-party liability insurance
      • Insurance for risky work
      • Group life insurance for all employees with more than four years service
      • Aviation liability insurance
      • Professional indemnity insurance for insurance and reinsurance brokers, and loss adjusters
        • Table Peru - Maximum Cover for Professional Indemnity Insurance for Insurance Brokers
      • Liability insurance for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • Association of Insurance Supervisors Latin America
      • Superintendent of Bank and Insurance
      • Peruvian Association of Insurance (LA Asociación Peruana de Empresas de Seguros - Apeseg)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
        • Table Peru - Investment Limits by Types of Assets
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Peru - Corporate Tax Rates for the Financial Year 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Peruvian Life Insurance - Policies and Premium, 2011-2015
      • Table Peruvian Life Insurance - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Peruvian Life Insurance - Claims and Expenses, 2011-2015
      • Table Peruvian Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Peruvian Life Insurance - Assets and Investments, 2011-2015
      • Table Peruvian Life Insurance - Assets and Investments, 2015-2020
    • Individual Life Insurance
      • Table Peruvian Life Insurance - Individual Life Insurance, 2011-2015
      • Table Peruvian Life Insurance - Individual Life Insurance, 2015-2020
    • Individual Life Insurance by Product
      • Table Peruvian Life Insurance - Individual Life Insurance by Product, 2011-2015
      • Table Peruvian Life Insurance - Individual Life Insurance by Product, 2015-2020
    • Group Life Insurance
      • Table Peruvian Life Insurance - Group Life Insurance, 2011-2015
      • Table Peruvian Life Insurance - Group Life Insurance, 2015-2020
    • Group Life Insurance by Product
      • Table Peruvian Life Insurance - Group Life Insurance by Product, 2011-2015
      • Table Peruvian Life Insurance - Group Life Insurance by Product, 2015-2020
  • Definition and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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