Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.
Axco’s Peru Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.
The Life & Benefits Report for Peru includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics
Real GDP growth (%)
Insurance Penetration (%)
Peru is the third largest country in South America with the land area of 1,285,216 square kilometres. Peru achieved independence in 1821. The key Industries of Agriculture and fishing, mining, and export of oil and gas. In 2019, non-life accounted for almost half of the insurance market written premium, life represented slightly more than non-life. In 2019 there were 17 companies writing non-life business, with a single company seeming to be the clear leader.