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Reinsurance in Peru, Key Trends and Opportunities to 2018

Reinsurance in Peru, Key Trends and Opportunities to 2018 is a new market research publication announced by Reportstack. 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.


Companies Mentioned

Rimac Seguros y Reaseguros La Positiva Seguros y Reaseguros El Pacífico-Peruano Suiza Compania de Seguros y Reaseguros Mapfre Perú Compañía de Seguros y Reaseguros
To view the table of contents and know more details please visit Reinsurance in Peru, Key Trends and Opportunities to 2018