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Reinsurance in Peru, Key Trends and Opportunities to 2018

Published: Dec-2014 | Format: PDF | Timetric | Number of pages: 78 | Code: MRS - 1944

 

Synopsis

 

The report provides in-depth market analysis, information and insights into the Peruvian reinsurance segment, including:

 

The Peruvian reinsurance segment's growth prospects by reinsurance category
Key trends and drivers for the reinsurance segment
Peruvian reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
The competitive landscape in the Peruvian reinsurance segment

 

Executive summary

 

The premium accepted by the Peruvian reinsurance segment increased at a review-period (2009–2013) compound annual growth rate (CAGR) of 8.7%. The growth was due to strong economic conditions and growth in primary insurance. The premium ceded by the non-life insurance segment was the largest, accounting for 77.4% of the total premium ceded in 2013. This was due to Peru’s vulnerability to catastrophic events such as earthquakes, volcanic eruptions and floods. Facultative reinsurance accounted for 74.3% and treaty reinsurance accounted for 25.7% of the premium accepted in 2013.

 

Scope

 

This report provides a comprehensive analysis of the reinsurance segment in Peru:

 

It provides historical values for Peru’s reinsurance segment for the report’s 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
It offers a detailed analysis of the key categories in Peru’s reinsurance segment, along with market forecasts until 2018.
It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Peru and its growth prospects.

 

Reasons to buy

 

Make strategic business decisions using in-depth historic and forecast market data related to the Peruvian reinsurance segment and each sector within it
Understand the demand-side dynamics, key market trends and growth opportunities in the Peruvian reinsurance segment
Identify the 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 premium accepted by the Peruvian reinsurance segment increased at a review-period CAGR of 8.7%.
Facultative reinsurance was the largest category, accounting for 74.3% of the premium accepted in 2013, while treaty reinsurance accounted for 25.7%.
The country’s proximity to the Pacific ‘Ring of Fire’ makes it prone to earthquakes, encouraging insurers to cede much of their earthquake-related premium. 
The SBS simplified the insurance system to attract foreign companies; any foreign insurer can now write reinsurance business without registration.
Non-life insurance is expected to be the largest segment in terms of premium ceded over the forecast period.

 

Table of Contents

 

1 Key Facts and Events

 

2 Executive Summary

 

3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology

 

4 Peruvian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009–2018

 

5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009–2018
5.2 Reinsurance Segment Size by Type of Insurance, 2009–2018


6 Key Industry Trends and Drivers
6.1 Fundamental Business Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers

 

7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Rimac Seguros y Reaseguros – Company Overview
7.2.1 Rimac Seguros y Reaseguros – key facts
7.3 La Positiva Seguros y Reaseguros – Company Overview
7.3.1 La Positiva Seguros y Reaseguros – key facts
7.4 El Pacífico Peruano Suiza – Company Overview
7.4.1 El Pacífico Peruano Suiza – key facts
7.5 Mapfre Perú Compañía de Seguros y Reaseguros – Company Overview
7.5.1 Mapfre Perú Compañía de Seguros y Reaseguros – key facts

 

8 Appendix – 1
8.1 Market Capitalization – Lima Stock Exchange, Peru
8.2 GDP at Constant Prices (US$)
8.3 GDP per Capita at Constant Prices (US$)
8.4 GDP at Current Prices (US$)
8.5 GDP per Capita at Current Prices (US$)
8.6 GDP by Key Sector
8.7 Agriculture Net Output at Current Prices (US$)
8.8 Agriculture Net Output at Current Prices as a Percentage of GDP
8.9 Manufacturing Net Output at Current Prices (US$)
8.10 Manufacturing Net Output at Current Prices as a Percentage of GDP
8.11 Mining, Manufacturing and Utilities at Current Prices (US$)
8.12 Mining, Manufacturing and Utilities at Current Prices, as Percentage of GDP
8.13 Construction Net Output at Current Prices, (US$)
8.14 Construction Net Output at Current Prices as a Percentage of GDP
8.15 Inflation
8.16 Exports as a Percentage of GDP
8.17 Imports as a Percentage of GDP
8.18 Merchandise Exports Growth
8.19 Merchandise Imports Growth
8.20 Annual Average Exchange Rate PEN–US$
8.21 Commercial Vehicle Exports – Total Value
8.22 Commercial Vehicle Imports – Total Value
8.23 Automotive Exports – Total Value
8.24 Automotive Imports – Total Value
8.25 Total Internet Subscribers
8.26 Labor Force
8.27 Unemployment Rate
8.28 Household Consumption Expenditure (US$)
8.29 Total Population
8.30 Urban and Rural Populations
8.31 Age Distribution of the Total Population

 

9 Appendix – 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric’s Services
9.5 Disclaimer


List of Tables
 
Table 1: Peruvian Reinsurance – Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Peruvian Insurance – Gross Written Premium by Segment (PEN Billion), 2009–2013
Table 4: Peruvian Insurance – Gross Written Premium by Segment (US$ Billion), 2009–2013
Table 5: Peruvian Insurance – Gross Written Premium by Segment (PEN Billion), 2013–2018
Table 6: Peruvian Insurance – Gross Written Premium by Segment (US$ Billion), 2013–2018
Table 7: Peruvian Insurance – Segmentation, Gross Written Premium (% Share), 2009–2018
Table 8: Peruvian Insurance – Direct Written Premium by Segment (PEN Billion), 2009–2013
Table 9: Peruvian Insurance – Direct Written Premium by Segment (US$ Billion), 2009–2013
Table 10: Peruvian Insurance – Direct Written Premium by Segment (PEN Billion), 2013–2018
Table 11: Peruvian Insurance – Direct Written Premium by Segment (US$ Billion), 2013–2018
Table 12: Peruvian Insurance – Segmentation, Direct Written Premium (% Share), 2009–2018
Table 13: Peruvian Reinsurance – Premium Accepted by Category (PEN Million), 2009–2013
Table 14: Peruvian Reinsurance – Premium Accepted by Category (US$ Million), 2009–2013
Table 15: Peruvian Reinsurance – Premium Accepted by Category (PEN Million), 2013–2018
Table 16: Peruvian Reinsurance – Premium Accepted by Category (US$ Million), 2013–2018
Table 17: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2009–2013
Table 18: Peruvian Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2009–2013
Table 19: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2013–2018
Table 20: Peruvian Reinsurance – Premium Ceded by Type of Insurance (US$ Million), 2013–2018
Table 21: Peruvian Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 22: Peruvian Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 23: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 24: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 25: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded, 2009–2013
Table 26: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded, 2013–2018
Table 27: Rimac Seguros y Reaseguros, Key Facts
Table 28: La Positiva Seguros y Reaseguros, Key Facts
Table 29: El Pacífico Peruano Suiza, Key Facts
Table 30: Mapfre Perú Compañía de Seguros y Reaseguros, Key Facts

 
List of Figures

Figure 1: Peruvian Insurance – Gross Written Premium by Segment (PEN Billion), 2009–2018
Figure 2: Peruvian Insurance – Dynamics by Segment, Gross Written premium (2009–2018)
Figure 3: Peruvian Insurance – Direct Written Premium by Segment (PEN Billion), 2009–2018
Figure 4: Peruvian Insurance – Dynamics by Segment, Direct Written premium (2009–2018)
Figure 5: Peruvian Reinsurance – Premium Accepted by Category (PEN Million), 2009–2018
Figure 6: Peruvian Reinsurance – Premium Accepted by Category (% Share), 2013 and 2018
Figure 7: Peruvian Reinsurance – Premium Accepted Dynamics by Category, 2009–2018
Figure 8: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2009–2018
Figure 9: Peruvian Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2009–2018
Figure 10: Peruvian Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 11: Peruvian Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 12: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 13: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 14: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded, 2009–2013
Figure 15: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded, 2013–2018
Figure 16: Peru, Lima Stock Exchange Market Capitalization (US$ Billion), 2008–2012
Figure 17: Peruvian GDP at Constant Prices (US$ Billion), 2008–2012
Figure 18: Peruvian GDP Per Capita at Constant Prices (US$), 2008–2012
Figure 19: Peruvian GDP at Current Prices (US$ Billion), 2008–2012
Figure 20: Peruvian GDP per Capita at Current Prices (US$), 2008–2012
Figure 21: Peruvian GDP by Key Sector (%) 2008 and 2012
Figure 22: Peruvian Agriculture Net Output at Current Prices (US$ Billion), 2008–2012
Figure 23: Peruvian Agriculture Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 24: Peruvian Manufacturing Net Output at Current Prices (US$ Billion), 2008–2012
Figure 25: Peruvian Manufacturing Net Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 26: Peruvian Mining, Manufacturing and Utilities Net Output at Current Prices (US$ Billion), 2008–2012
Figure 27: Peruvian Mining, Manufacturing and Utilities Net Output at Current Prices as a percentage of GDP (%), 2008–2012
Figure 28: Peruvian Construction Net Output at Current Prices (US$ Billion), 2008– 2012
Figure 29: Peruvian Construction Output at Current Prices as a Percentage of GDP (%), 2008–2012
Figure 30: Peruvian Inflation Rate (%), 2008–2012
Figure 31: Peruvian Exports as a Percentage of GDP (%), 2007–2011
Figure 32: Peruvian Imports as a Percentage of GDP (%), 2007–2011
Figure 33: Peruvian Merchandise Exports Growth (%), 2008–2011
Figure 34: Peruvian Merchandise Imports Growth (%), 2008–2011
Figure 35: Peruvian Annual Average Exchange Rate US$–PEN, 2008–2012
Figure 36: Peruvian Commercial Vehicles Exports – Total Value (US$ Million), 2008–2012
Figure 37: Peruvian Commercial Vehicles Imports – Total Value (US$ Million), 2008–2012
Figure 38: Peruvian Automotive Exports – Total Value (US$ Million), 2008–2012
Figure 39: Peruvian Automotive Imports – Total Value (US$ Billion), 2008–2012
Figure 40: Peruvian Internet Subscriptions (Millions), 2008–2012
Figure 41: Peruvian Size of Labor Force (Million), 2008–2012
Figure 42: Peruvian Unemployment Rate (%), 2008–2012
Figure 43: Peruvian Household Consumption Expenditure (US$ Billion), 2008–2012
Figure 44: Peruvian Total Population (Million), 2008–2012
Figure 45: Peruvian Urban and Rural Populations (%), 2008–2012
Figure 46: Peruvian Population Distribution by Age (%), 2008–2012

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