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New Market Report Now Available: Non-Life Insurance in Peru, Key Trends and Opportunities to 2017

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2013-12-11 09:34:56 - Fast Market Research recommends "Non-Life Insurance in Peru, Key Trends and Opportunities to 2017" from Timetric, now available

The non-life segment accounted for 43.5% of the Peruvian insurance industry's total gross written premium in 2012. The segment grew at a CAGR of 14.5% to reach PEN3.4 billion (US$1.3 billion) in 2012. The growth is attributed to increased vehicle sales, growth in the housing market and large investments in infrastructure. Government reforms and the development of microinsurance also drove growth. There were 13 insurance companies in the Peruvian non-life segment at the end of July 2013, with the five leading companies accounting for around 93% of the gross written premium. Over the forecast period, low penetration rates, government measures to facilitate investment, and development in the housing and automobile markets will drive growth in the non-life segment.

Key Highlights


The Peru non-life insurance segment recorded strong growth during the review period, primarily supported by rising motor vehicle sales, growth in the housing market, large investments in infrastructure and a favorable regulatory framework
* The gross written premium of the Peruvian non-life segment recorded a CAGR of 14.5% to reached PEN3.4 billion (US$1.3 billion) in 2012
* Property insurance was the largest category of the non-life insurance segment in Peru, accounting for around 44.6% of the total gross written premium in 2012
* Insurance brokers represented the largest distribution channel in the non-life segment in 2012, accounting for 80.8% of the written premium
* The Peru non-life segment is fragmented with the five leading companies collectively accounting for 93.4% of the segment's written premium in 2012

Full Report Details at
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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 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 non-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 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 segment
* It provides a detailed analysis of the reinsurance segment 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 Get this Report

* 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 within the Peruvian non-life insurance segment
* Assess the competitive dynamics in the non-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: Rimac Seguros, La Positiva, Pacifico Seguros Generalis, Mapfre Peru, Ace Seguros 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 Non-Life Insurance Segment - Regional Benchmarking
4.1 Scale and Penetration
4.1.1 Total market gross written premium
4.1.2 Premium per capita
4.1.3 Non-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 Non-Life Insurance Outlook
6.1 Non-Life Insurance Growth Prospects by Category
6.1.1 Property insurance
6.1.2 Fire and allied perils insurance
6.1.3 Engineering insurance
6.1.4 Agriculture insurance
6.1.5 Other property insurance
6.2 Motor Insurance
6.2.1 Motor hull insurance
6.2.2 Motor third-party
6.3 General Third-Party Insurance
6.4 Marine, Aviation and Transit Insurance
6.4.1 Marine hull insurance
6.4.2 Aviation insurance
6.4.3 Transit insurance
7 Analysis by Distribution Channels
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)

Full Table of Contents is available at:

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

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.

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