DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/fzjg3j/nonlife) has announced the addition of the "Non-Life Insurance in Peru, Key Trends and Opportunities to 2017" report to their offering.
The non-life segment accounted for 43.5% of the Peruvian insurance industry's total gross written premium in 2012. The segment grew at a CAGR of 14.5% to reach PEN3.4 billion (US$1.3 billion) in 2012. The growth is attributed to increased vehicle sales, growth in the housing market and large investments in infrastructure. Government reforms and the development of microinsurance also drove growth.
There were 13 insurance companies in the Peruvian non-life segment at the end of July 2013, with the five leading companies accounting for around 93% of the gross written premium. Over the forecast period, low penetration rates, government measures to facilitate investment, and development in the housing and automobile markets will drive growth in the non-life segment.
The report provides in depth market analysis, information and insights into the Peruvian non-life insurance segment
Key Highlights
- The Peru non-life insurance segment recorded strong growth during the review period, primarily supported by rising motor vehicle sales, growth in the housing market, large investments in infrastructure and a favorable regulatory framework
- The gross written premium of the Peruvian non-life segment recorded a CAGR of 14.5% to reached PEN3.4 billion (US$1.3 billion) in 2012
- Property insurance was the largest category of the non-life insurance segment in Peru, accounting for around 44.6% of the total gross written premium in 2012
- Insurance brokers represented the largest distribution channel in the non-life segment in 2012, accounting for 80.8% of the written premium
- The Peru non-life segment is fragmented with the five leading companies collectively accounting for 93.4% of the segment's written premium in 2012
Key Topics Covered:
1 Executive Summary
2 Introduction
3 Regional Market Dynamics
4 Non-Life Insurance Segment - Regional Benchmarking
5 Peruvian Insurance Industry Attractiveness
6 Non-Life Insurance Outlook
7 Analysis by Distribution Channels
8 Governance, Risk and Compliance
9 Porter's Five Forces Analysis - Peruvian Non-Life Insurance Segment
10 Reinsurance Growth Dynamics and Challenges
11 Competitive Landscape and Strategic Insights
12 Business Environment and Country Risk
13 Appendix
Companies Mentioned
Rimac Seguros
La Positiva
Pacífico Seguros Generalis
Mapfre Perú
Ace Seguros SA
For more information visit http://www.researchandmarkets.com/research/fzjg3j/nonlife
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