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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Peruvian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Peru's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Peru non-life (P&C) market as well as trends by line of business. Axco analysts also report on Peru's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Peru's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Peru, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Peru, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Peru with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
According to Axco Global Statistics, in 2018 Peru ranked 49 worldwide for non-life premiums, just ahead of Ecuador (51) and four places behind Puerto Rico. Peru's position has been relatively stable in recent years, for example at 52 in 2012.
After two years of contracting premiums, the non-life market (excluding personal accident and healthcare) showed a welcome return to growth of 9.6% in 2018 and ....
This is a brief extract of information; more updated information may be available in the latest published report.