Non-Life Insurance in Peru, Key Trends and Opportunities to 2016

Published: November 2012
No. of Pages: 243
    ReportsandReports

Synopsis
The report provides in depth market analysis, information and insights into the Peruvian non-life insurance market, including:
• The Peruvian non-life insurance market’s growth prospects by non-life insurance categories
• The various distribution channels in the Peruvian non-life insurance market
• The competitive landscape in the non-life insurance market in Peru
• A description of the non-life reinsurance market in Peru


Summary
The Peruvian non-life insurance segment is among the fastest growing in the Latin American region. The segment accounted for a 43.3% share of the overall insurance industry’s written premium in 2011. The written premium increased at a CAGR of 16.9% during the review period (2007–2011). This growth results from increased vehicle sales, construction industry growth, rising property prices, increased demand from overseas property investors, and government initiatives to provide insurance coverage to farmers for catastrophe losses. There was also healthy development in the Peruvian economy following the global financial crisis, increased annual disposable income and improved employment rates.


Scope
This report provides a comprehensive analysis of the non-life insurance market in Peru:
• It provides historical values for Peru’s non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in Peru’s non-life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in Peru
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Peru for the non-life insurance business
• It provides a detailed analysis of the reinsurance market in Peru and its growth prospects
• 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 historic and forecast market data related to the Peruvian non-life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Peruvian non-life insurance market
• Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Peruvian insurance market and its impact on companies and the market''s future


Key Highlights
• The Peruvian non-life insurance segment is among the fastest growing in the Latin American region.
• The segment accounted for a 43.3% share of the overall insurance industry’s written premium in 2011.
• The written premium increased at a CAGR of 16.9% during the review period (2007–2011).
• This growth results from increased vehicle sales, construction industry growth, rising property prices, increased demand from overseas property investors, and government initiatives to provide insurance coverage to farmers for catastrophe losses.
• There was also healthy development in the Peruvian economy following the global financial crisis, including increased annual disposable income and improved employment rates.

Published By: Timetric
Product Code: Timetric414


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