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"Life Insurance in Peru, Key Trends and Opportunities to 2017" now available at Fast Market Research


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2013-12-08 16:22:26 - Fast Market Research recommends "Life Insurance in Peru, Key Trends and Opportunities to 2017" from Timetric, now available

In terms of gross written premium, the life insurance segment was the largest in the Peru insurance industry during the review period and accounted for 46.5% of the total insurance industry's written premiums in 2012. Peruvian consumers typically prefer simple, savings-oriented life insurance products with protection options. Pension and individual life products were the leading life insurance product categories during the review period. The segment's written premium grew at a CAGR of 19.0% during the review period. The economic growth, an increase in employment levels, and an increase in disposable income had a positive effect on demand for life insurance products. The segment is highly concentrated, with the top five life insurers accounting for 86.9% of the total gross written

premium in 2012.

Full Report Details at
- www.fastmr.com/prod/753557_life_insurance_in_peru_key_trends_and ..

Key Highlights

* In terms of gross written premium, the life insurance segment was the largest in the Peru insurance industry during the review period
* The life insurance segment recorded notable growth by increasing at a CAGR of 19.0% during the review period
* The segment's growth was driven by an increase in employment levels and a rise in disposable income
* The Peruvian government has encouraged the middle- and lower-income population to buy life cover by promoting microinsurance products
* Direct marketing is the one of the popular and dominant distribution channels for life products in Peru, and accounted for 57.3% of new business written premium in 2012
* The segment is highly concentrated, with the top five life insurers accounting for 86.9% of the total gross written premium in 2012

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 2008-2012 review period and forecast figures for the 2013-2017 forecast period
* It offers a detailed analysis of the key sub-segments in the Peruvian life insurance segment, along with market forecasts until 2017
* 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 life insurance products in Peru
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Peru for the life insurance business
* It provides a detailed analysis of the reinsurance segment in Peru and its growth prospects
* It profiles the top life insurance companies in Peru and outlines the key regulations affecting them

Reasons to Get this Report

* 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 within the Peruvian life insurance segment
* Assess the competitive dynamics in the life insurance segment, 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 industry and its impact on companies and the market's future

Companies Mentioned in this Report: El Pacifico Vida, Rimac Seguros, Seguros Sura, La Positiva Vida, Interseguro, Mapfre Peru Vida, Protecta SA Cia de Seguros, Ace Seguros SA, Cardif del Peru SA

Partial Table of Contents:

1 Executive Summary
2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology
3 Regional Market Dynamics
3.1 Overview
3.1.1 Market trends
3.1.2 Market size
4 Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total gross written premium
4.1.2 Premium per capita
4.1.3 Life insurance penetration (as a percentage of GDP)
4.2 Growth
4.2.1 Gross written premium
4.2.2 Gross written premium per capita
4.3 Efficiency and Risk
4.3.1 Loss ratio
4.3.2 Combined ratio
4.3.3 Incurred losses per capita
4.3.4 Incurred losses as a percentage of GDP
4.4 Distribution Channels
4.4.1 Direct marketing
4.4.2 Bancassurance
4.4.3 Agencies
5 Peruvian Insurance Industry Attractiveness
5.1 Insurance Industry Size, 2008-2017
5.2 Key Industry Trends and Drivers
6 Life Insurance Outlook
6.1 Life Insurance
6.1.1 Individual life insurance
6.1.2 Individual pension insurance
6.1.3 Individual supplementary insurance
6.1.4 Individual other life insurance
6.1.5 Group life insurance
6.2 Life Insurance Growth Prospects by Product Type
6.2.1 Individual single-premium policies
6.2.2 Individual non-single-premium policies
6.2.3 Group single-premium policies
6.2.4 Group non-single-premium policies
7 Analysis by Distribution Channel
7.1 Direct Marketing
7.2 Bancassurance
7.3 Agencies
7.4 E-commerce
7.5 Brokers
7.6 Other Channels
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Legislation and Market Practice by Type of Insurance
8.2.1 Life insurance
8.2.2 Property insurance
8.2.3 Motor insurance
8.2.4 Marine, aviation and transit insurance
8.2.5 Personal accident and health insurance
8.3 Compulsory Insurance
8.3.1 Third-party liability insurance for vehicles carrying dangerous goods
8.3.2 Personal accident insurance in case of motor vehicle accident
8.3.3 Insurance for risky work
8.3.4 Group life insurance for all employees with more than four years service
8.3.5 Aviation liability
8.4 Supervision and Control
8.4.1 International Association of Insurance Supervisors
8.4.2 Superintendent of Bank and Insurance (SBS)
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=753557&dt=t

About Timetric

Timetric is an independent economic and business research firm providing critical intelligence on emerging economies and key global industries. They provide detailed economic and sector intelligence, business insights and authoritative, independent commentary. View more research from Timetric at www.fastmr.com/catalog/publishers.aspx?pubid=1037

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at www.fastmr.com or call us at 1.800.844.8156.


Author:
Bill Thompson
e-mail
Web: www.fastmr.com
Phone: 18008448156

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