DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/pjb4fs/reinsurance_in) has announced the addition of the "Reinsurance in Peru, Key Trends and Opportunities to 2017" report to their offering.
The Peruvian reinsurance segment's written premium recorded an impressive CAGR of 25.9% during the review period, supported by strong economic conditions and impressive growth in the insurance industry. Facultative reinsurance accounted for nearly 75% of total reinsurance written premiums in 2012, while treaty reinsurance accounted for the remainder.
There are no domestic reinsurers in Peru, so insurers depend on international reinsurers. Strong growth in the insurance industry, government reform measures and a high frequency of natural disasters will continue to drive growth in the reinsurance segment over the forecast period.
Key Highlights
- There are no domestic reinsurers in Peru, so insurers depend on international reinsurers
- Strong economic conditions coupled with impressive growth in the insurance industry supported growth in the Peruvian reinsurance segment during the review period
- The written premium of the Peruvian reinsurance segment rose from PEN23.6 million (US$8.1 million) in 2008 to PEN59.4 million (US$22.5 million) in 2012, at a review-period CAGR of 25.9%
- As Peruvian insurance companies diversify their operations into new lines of business, they will create products which will require the expertise and financial strength of foreign reinsurance companies
Companies Mentioned
Rimac Seguros y Reaseguros
La Positiva Vida
Pacífico Peruano Suiza
Invita Seguros de Vida
For more information visit http://www.researchandmarkets.com/research/pjb4fs/reinsurance_in
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