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"Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2017" Published


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2013-12-09 09:52:21 - New Insurance research report from Timetric is now available from Fast Market Research

The Peruvian personal accident and health segment expanded at a CAGR of 12.1% to reach PEN0.8 billion (US$0.3 billion) in 2012. Robust economic growth, increasing investment in healthcare and expansion of the middle-class population drove demand for personal accident and health insurance. Over the forecast period, the low penetration of health insurance, at 0.15%, rising healthcare expenditure and rising disposable incomes will be key drivers. The country's healthcare reforms and the implementation of the universal health insurance scheme (SIS) by the government played an important role in expanding health cover and awareness among the population.

Key Highlights

* Peru has a mixed system of healthcare, under which both the public and private sectors contribute to healthcare financing
* Under the Universal

Comprehensive Health Insurance Scheme (SIS), which was introduced in November 2010, subsidized healthcare services are provided to residents
* The growth of the personal accident and health insurance segment was driven primarily by increased healthcare expenditure, rising consumer awareness and favorable health insurance reforms
* Direct marketing was the most popular distribution channel in the personal accident and health segment, accounting for 42.0% of the segment's written premiums in 2012
* Growth will primarily be driven by healthy economic development and growing awareness of health insurance among the middle-class population

Full Report Details at
- www.fastmr.com/prod/753559_personal_accident_and_health_insuranc ..

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Peru:

* It provides historical values for the Peruvian personal accident and health 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 personal accident and health 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 personal accident and health insurance products in Peru
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Peru for the personal accident and health insurance segment
* It provides a detailed analysis of the reinsurance segment in Peru and its growth prospects
* It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it
* Understand the demand-side dynamics, key market trends and growth opportunities within the Peruvian personal accident and health insurance segment
* Assess the competitive dynamics in the personal accident and health 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 segment and its impact on companies and the market's future

Companies Mentioned in this Report: Rimac Seguros, Pacifico Seguros Generalis, Interseguro, Seguros Sura, El Pacifico Vida, Mapfre Peru

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 Personal Accident and Health 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 Personal accident and health 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 Incurred losses per capita
4.3.3 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 Personal Accident and Health Insurance Segment Outlook
6.1 Personal Accident and Health Insurance Growth Prospects by Category
6.1.1 Personal accident insurance
6.1.2 Travel insurance
6.1.3 Health insurance
6.1.4 Non-life health 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)
8.5 Non-Admitted Insurance Regulations
8.5.1 Overview
8.5.2 Intermediaries
8.5.3 Market practices
8.5.4 Fines and penalties
8.6 Company Registration and Operations
8.6.1 Types of insurance organization

Full Table of Contents is available at:
-- www.fastmr.com/catalog/product.aspx?productid=753559&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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