Synopsis The report provides in-depth market analysis, information and insights into the Peruvian life insurance segment, including: The Peruvian life insurance segment’s growth prospects by life insurance category Key trends and drivers for the life insurance segment The various distribution channels in the Peruvian life insurance segment The detailed competitive landscape in the life insurance segment in Peru Detailed regulatory policies of the Peruvian insurance industry Analysis of various consumer segments in Peruvian life insurance Key developments in the Peruvian life insurance segment New products launched by Peruvian life insurers Executive summary Peruvian life insurance registered a compound annual growth rate (CAGR) of 19.5% during the review period (2009–2013). The segment’s growth was a result of strong economic growth and an improving business environment. The pension and individual whole life categories accounted for 82.6% of the segment’s gross written premium in 2013, but life insurance penetration remained low at 0.8% in 2013. The five leading insurers accounted for 85.9% of the life insurance gross written premium in 2013. Over the forecast period (2013–2018), reforms in insurance contract law, expansion of the middle-class population and steady growth in microinsurance products are expected to drive the segment. Scope This report provides a comprehensive analysis of the life insurance segment in Peru: It provides historical values of the Peruvian life insurance 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 the Peruvian life insurance segment, along with market forecasts until 2018. 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. It profiles the top life insurance companies in Peru and outlines the key regulations affecting them. Reasons to buy 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 in the Peruvian life insurance segment. Assess the competitive dynamics in the life insurance 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 Life insurance is the largest segment in the Peruvian insurance industry, with 46.2% of the industry’s gross w

1. Life Insurance in Peru, Key Trends and Opportunities to 2018
Synopsis
The report provides in-depth market analysis, information and insights into the Peruvian life insurance segment, including: The Peruvian life insurance
segment’s growth prospects by life insurance category Key trends and drivers for the life insurance segment The various distribution channels in the
Peruvian life insurance segment The detailed competitive landscape in the life insurance segment in Peru Detailed regulatory policies of the Peruvian insurance
industry Analysis of various consumer segments in Peruvian life insurance Key developments in the Peruvian life insurance segment New products launched by
Peruvian life insurers
Executive summary
Peruvian life insurance registered a compound annual growth rate (CAGR) of 19.5% during the review period (2009–2013). The segment’s
growth was a result of strong economic growth and an improving business environment. The pension and individual whole life categories accounted for 82.6% of
the segment’s gross written premium in 2013, but life insurance penetration remained low at 0.8% in 2013. The five leading insurers accounted for 85.9%
of the life insurance gross written premium in 2013. Over the forecast period (2013–2018), reforms in insurance contract law, expansion of the
middle-class population and steady growth in microinsurance products are expected to drive the segment.
Scope
This report provides a comprehensive analysis of the life insurance segment in Peru: It provides historical values of the Peruvian life insurance 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 the Peruvian life insurance segment, along with market forecasts until 2018. 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. It profiles the top life insurance companies in Peru and outlines the key regulations affecting
them.
Reasons to buy
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 in the Peruvian life insurance segment. Assess the competitive dynamics in
the life insurance 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
Life insurance is the largest segment in the Peruvian insurance industry, with 46.2% of the industry’s gross written premium in 2013. Pension insurance
was the largest category, with 53.3% of the gross written premium and accounting for PEN2.3 billion (US$0.3 billion) in 2013, having recorded a review-period
CAGR of 21.8%. The introduction of a bidding process for pension insurance in 2013 is expected to reduce premiums and increases sales of pension funds over
the forecast period. Economic growth, and rising employment levels and disposable incomes supported demand for life insurance during the review period. The
increase in Peru’s working population expected to drive growth in the life segment 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 Life Insurance Outlook
5.1 Consumer Segmentation
5.2 Key Drivers
5.3 Key Trends
5.4 Challenges
5.5 Life Insurance Growth Prospects By Category
5.6 Individual Life Insurance
5.6.1 Individual Whole Life Insurance
5.6.2 Individual Pension Insurance
5.6.3 Individual Supplementary Insurance
5.6.4 Other Individual Other Insurance
5.7 Group Whole Life Insurance
5.8 Life Insurance Growth Prospects By Customer Segment
5.8.1 Individual Single-premium Insurance
Life Insurance in Peru, Key Trends and Opportunities to 2018

2. 5.8.2 Individual Non-single-premium Insurance
5.8.3 Group Single-premium Insurance
5.8.4 Group Non-single-premium Insurance
5.9 Life Insurance Growth Prospects By Product Type
5.9.1 Total Non-linked Insurance Business
6 Analysis By Distribution Channel
6.1 Direct Marketing
6.2 Bancassurance
6.3 Agencies
6.4 E-commerce
6.5 Brokers
6.6 Other Channels
7 Governance, Risk And Compliance
7.1 Legislation Overview And Historical Evolution
7.2 Legislation And Market Practice By Type Of Insurance
7.2.1 Life Insurance
7.2.2 Property Insurance
7.2.3 Motor Insurance
7.2.4 Marine, Aviation And Transit Insurance
7.2.5 Personal Accident And Health Insurance
7.3 Compulsory Insurance
7.3.1 Third-party Liability Insurance For Vehicles Carrying Dangerous Goods
7.3.2 Personal Accident Insurance In Case Of Motor Vehicle Accident
7.3.3 Insurance For Risky Work
7.3.4 Group Life Insurance For All Employees With More Than Four Years Service
7.3.5 Aviation Liability
7.4 Supervision And Control
7.4.1 International Association Of Insurance Supervisors
7.4.2 Superintendent Of Bank And Insurance (sbs)
7.5 Non-admitted Insurance Regulations
7.5.1 Overview
7.5.2 Intermediaries
7.5.3 Market Practices
7.5.4 Fines And Penalties
7.6 Company Registration And Operations
7.6.1 Types Of Insurance Organization
7.6.2 Establishing A Domestic Company
7.6.3 Foreign Ownership
7.6.4 Types Of License
7.6.5 Capital Requirements
7.6.6 Solvency Margins
7.6.7 Reserve Requirements
7.6.8 Investment Regulations
7.6.9 Statutory Return Requirements
7.6.10 Fee Structure
7.7 Taxation
7.7.1 Insurance Premium Or Policy Taxation
7.7.2 Withholding Taxes On Premium Paid Overseas
7.7.3 Corporate Tax
7.7.4 Vat
7.7.5 Captives
7.8 Legal System
7.8.1 Introduction
7.8.2 Access To Court
7.8.3 Alternative Dispute Resolution (adr)
8 Competitive Landscape And Strategic Insights
8.1 Overview
8.2 Leading Companies In The Peruvian Life Insurance Segment
8.3 Leading Life Insurers – New Product Launches
8.4 Leading Life Insurers – Key Developments
8.5 El Pacífico Vida Compañía De Seguros Y Reaseguros – Company Overview
8.5.1 El Pacífico Vida Compañía De Seguros Y Reaseguros – Key Facts
Life Insurance in Peru, Key Trends and Opportunities to 2018

3. 8.5.2 El Pacífico Vida Compañía De Seguros Y Reaseguros – Key Financials
8.6 Rímac Seguros Y Reaseguros – Company Overview
8.6.1 Rímac Seguros Y Reaseguros – Key Facts
8.6.2 Rímac Seguros Y Reaseguros – Key Financials
8.7 Seguros Sura Sa – Company Overview
8.7.1 Seguros Sura Sa – Key Facts
8.7.2 Seguros Sura Sa – Key Financials
8.8 Interseguro Compania De Seguros Sa – Company Overview
8.8.1 Interseguro Compania De Seguros Sa – Key Facts
8.8.2 Interseguro Compania De Seguros Sa – Key Financials
8.9 La Positiva Vida Seguros Sa – Company Overview
8.9.1 La Positiva Vida Seguros Sa – Key Facts
8.9.2 La Positiva Vida Seguros Sa – Key Financials
8.10 Mapfre Perú Vida Compañía De Seguros – Company Overview
8.10.1 Mapfre Perú Vida Compañía De Seguros – Key Facts
8.10.2 Mapfre Perú Vida Compañía De Seguros – Key Financials
8.11 Protecta Sa Cia De Seguros – Company Overview
8.11.1 Protecta Sa Cia De Seguros – Key Facts
8.11.2 Protecta Sa Cia De Seguros – Key Financials
8.12 Bnp Paribas Cardif Sa Compañía De Seguros Y Reaseguros – Company Overview
8.12.1 Bnp Paribas Cardif Sa Compañía De Seguros Y Reaseguros – Key Facts
8.12.2 Bnp Paribas Cardif Sa Compañía De Seguros Y Reaseguros – Key Financials
8.13 Ace Seguros Sa – Company Overview
8.13.1 Ace Seguros Sa – Key Facts
8.13.2 Ace Seguros Sa – Key Financials
8.14 Rigel Perú Sa Compañía De Seguros Vida – Company Overview
8.14.1 Rigel Perú Sa Compañía De Seguros Vida – Key Facts
8.14.2 Rigel Perú Sa Compañía De Seguros Vida – Key Financials
9 Appendix – 1
9.1 Market Capitalization Trend – Lima Stock Exchange, Peru
9.2 Gdp At Constant Prices (us$)
9.3 Gdp Per Capita At Constant Prices (us$)
9.4 Gdp At Current Prices (us$)
9.5 Gdp Per Capita At Current Prices (us$)
9.6 Gdp By Key Sector
9.7 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices (us$)
9.8 Agriculture, Hunting, Forestry And Fishing Net Output At Current Prices As A Percentage Of Gdp
9.9 Manufacturing Net Output At Current Prices (us$)
9.1 Manufacturing Net Output At Current Prices As A Percentage Of Gdp
9.11 Mining, Manufacturing And Utilities At Current Prices (us$)
9.12 Mining, Manufacturing And Utilities At Current Prices As A Percentage Of Gdp
9.13 Construction Net Output At Current Prices (us$)
9.14 Construction Net Output At Current Prices As A Percentage Of Gdp
9.15 Inflation Rate
9.16 Exports As A Percentage Of Gdp
9.17 Imports As A Percentage Of Gdp
9.18 Merchandise Exports Growth
9.19 Merchandise Imports Growth
9.20 Annual Average Exchange Rate Pen–us$
9.21 Commercial Vehicle Exports – Total Value
9.22 Commercial Vehicle Imports – Total Value
9.23 Automotive Exports – Total Value
9.24 Automotive Imports – Total Value
9.25 Total Internet Subscribers
9.26 Labor Force
9.27 Unemployment Rate
9.28 Household Consumption Expenditure (us$)
9.29 Total Population
9.3 Urban And Rural Populations
9.31 Age Distribution Of The Total Population
10 Appendix – 2
10.1 Methodology
10.2 Contact Timetric
10.3 About Timetric
Life Insurance in Peru, Key Trends and Opportunities to 2018

4. 10.4 Timetric’s Services
10.5 Disclaimer
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Life Insurance in Peru, Key Trends and Opportunities to 2018