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Non-Life Insurance in Peru, Key Trends and Opportunities to 2020

Non-Life Insurance in Peru, Key Trends and Opportunities to 2020

Synopsis

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

  • The Peruvian non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Peruvian economy and demographics
  • A comparison of the Peruvian non-life insurance segment with its regional counterparts
  • The various distribution channels in the Peruvian non-life insurance segment
  • Detailed analysis of natural and man-made hazards and their impact on the Peruvian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Peru
  • Details of regulatory policy applicable to the Peruvian insurance industry
Summary

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

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural and man-made hazards and their impact on the Peruvian insurance industry, 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 non-life insurance segment in Peru:
  • It provides historical values for the Peruvian non-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 non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Peruvian non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Peru.
  • It analyzes various natural and man-made hazards and their impact on the Peruvian insurance industry
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Peruvian non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • The Peruvian non-life segment is concentrated, with the 10 leading insurers accounting for 99.7% of the segment’s direct written premium in 2015.
  • Property insurance was the leading non-life insurance category during the review period.
  • The insurance penetration of the non-life segment was 0.82% in 2015.
  • SOAT, the obligatory automobile cover, is the main insurance product offered online.


  • Key Facts and Highlights
    • Table Peruvian Non-Life Insurance - Key Facts, 2015
    • Table Peruvian Non-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 Non-Life Insurance - Gross Written Premium (PEN Billion and US$ Billion), 2011-2015
        • Table Peruvian Non-Life Insurance - Penetration (%), 2011-2015
        • Table Peruvian Non-Life Insurance - Gross Written Premium (PEN Billion and US$ Billion), 2015-2020
        • Table Peruvian Non-Life Insurance - Penetration (%), 2015-2020
        • Table Peruvian Non-Life Insurance - Premium per Capita (PEN and US$), 2011-2015
        • Table Peruvian Non-Life Insurance - Premium per Capita (PEN and US$), 2015-2020
      • Claims
        • Table Peruvian Non-Life Insurance - Paid Claims (PEN Billion and US$ Million), 2011-2015
        • Table Peruvian Non-Life Insurance - Paid Claims (PEN Billion and US$ Million), 2015-2020
      • Profitability
        • Table Peruvian Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Peruvian Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Peruvian Non-Life Insurance - Total Assets (PEN Billion and US$ Billion), 2011-2015
        • Table Peruvian Non-Life Insurance - Total Assets (PEN Billion and US$ Billion), 2015-2020
        • Table Peruvian Non-Life Insurance - Total Investment Income (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Non-Life Insurance - Total Investment Income (PEN Billion and US$ Million), 2015-2020
        • Table Peruvian Non-Life Insurance - Investment Portfolio (PEN Billion), 2011-2015
        • Table Peruvian Non-Life Insurance - Investment Portfolio (PEN Billion), 2015-2020
  • Outlook by Category
    • Table Peruvian Non-Life Insurance - Direct Written Premium by Category (PEN Billion), 2011-2015
    • Table Peruvian Non-Life Insurance - Direct Written Premium by Category (PEN Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Peruvian Property Insurance - Direct Written Premium by Sub-Category (PEN Million), 2011-2015
        • Table Peruvian Property Insurance - Direct Written Premium by Sub-Category (PEN Million), 2015-2020
      • Policies sold
        • Table Peruvian Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Peruvian Property Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Peruvian Property Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Property Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
      • Profitability
        • Table Peruvian Property Insurance - Loss Ratio (%), 2011-2015
        • Table Peruvian Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Peruvian Motor Insurance - Direct Written Premium by Sub-Category (PEN Billion), 2011-2015
        • Table Peruvian Motor Insurance - Direct Written Premium by Sub-Category (PEN Billion), 2015-2020
      • Policies sold
        • Table Peruvian Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
        • Table Peruvian Motor Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
      • Claims
        • Table Peruvian Motor Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Motor Insurance - Paid Claims (PEN Billion and US$ Million), 2015-2020
      • Profitability
        • Table Peruvian Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Peruvian Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Peruvian Liability Insurance - Direct Written Premium by Sub-Category (PEN Million), 2011-2015
        • Table Peruvian Liability Insurance - Direct Written Premium by Sub-Category (PEN Million), 2015-2020
      • Claims
        • Table Peruvian Liability Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Liability Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
      • Profitability
        • Table Peruvian Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Peruvian Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Peruvian Transport Network - Global Rankings
      • Premium
        • Table Peruvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (PEN Million), 2011-2015
        • Table Peruvian Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (PEN Million), 2015-2020
      • Claims
        • Table Peruvian Marine, Aviation and Transit Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
        • Table Peruvian Marine, Aviation and Transit Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
      • Profitability
        • Table Peruvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Peruvian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Brokers
      • Agencies
      • Direct Marketing
      • Bancassurance
      • E-commerce
  • Natural Hazards
    • Flooding
    • Droughts
    • Earthquakes
    • Landslides
    • Volcanic activity
    • Exposure
  • Competitive Landscape
    • Table Peruvian Non-Life Segment - 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 Peruano Suiza Compañí a de Seguros y Reaseguros - company overview
        • Table El Pacífico Peruano Suiza Compañí a de Seguros y Reaseguros - Key Facts
        • Table El Pacífico Peruano Suiza Compañí a de Seguros y Reaseguros - Key Financials (PEN Million), 2011-2015
      • Mapfre Perú Compañí a de Seguros y Reaseguros SA - company overview
        • Table Mapfre Perú Compañí a de Seguros y Reaseguros SA - Key Facts
        • Table Mapfre Perú Compañí a de Seguros y Reaseguros SA - Key Financials (PEN Million), 2011-2015
      • La Positiva Seguros y Reaseguros - company overview
        • Table La Positiva Seguros y Reaseguros - Key Facts
        • Table La Positiva Seguros y Reaseguros - Key Financials (PEN Million), 2011-2015
      • Ace Seguros SA - company overview
        • Table Ace Seguros SA - Key Facts
        • Table Ace Seguros 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 Insurance Industry - Policies and Premium, 2011-2015
      • Table Peruvian Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Peruvian Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Peruvian Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Peruvian Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Peruvian Non-Life Insurance - Assets and Investments, 2015-2020
    • Property Insurance
      • Table Peruvian Non-Life Insurance - Property Insurance, 2011-2015
      • Table Peruvian Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Peruvian Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Peruvian Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Peruvian Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Peruvian Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Peruvian Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Peruvian Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Peruvian Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Peruvian Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Peruvian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Peruvian Non-Life Insurance - Marine, Aviation and Transit Insurance, 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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