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Reinsurance in Peru, Key Trends and Opportunities to 2020

Published: Dec, 2016 | Pages: 39 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Summary

Timetric’s 'Reinsurance in Peru Key Trends and Opportunities to 2020' report provides detailed analysis of the market trends, drivers and challenges in the Peruvian reinsurance segment.

It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Peruvian economy and demographics, and provides detailed analysis of natural and man-made hazards and their impact on the Peruvian insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Synopsis

Timetric’s 'Reinsurance in Peru Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Peruvian reinsurance segment, including:

• An outlook of the Peruvian reinsurance segment

• A comprehensive overview of the Peruvian economy and demographics

• Detailed analysis of natural and man-made hazards and their impact on the Peruvian insurance industry

• The competitive landscape in the Peruvian reinsurance segment

Scope

This report provides a comprehensive analysis of the reinsurance segment in Peru:

• It provides historical values for the Peruvian reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

• It offers a detailed analysis of the key categories in the Peruvian reinsurance segment, and market forecasts to 2020.

• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Peru, and the reinsurance segment's growth prospects.

• It analyzes various natural and man-made hazards and their impact on the Peruvian insurance industry

Reasons To Buy

• Make strategic business decisions using in-depth historic and forecast market data related to the Peruvian reinsurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Peruvian reinsurance segment.

• Identify 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

• The non-life segment accounted for highest premium ceded in 2015, with 41.3% of the non-life segment’s total, followed by the life segment with 15.5% and the personal accident and health segment with 4.1%.

• Under Article 10 of Law No. 26702 foreign reinsurance companies may write reinsurance business without registering with the Superintendencia de Banca y Seguros (SBS) provided they hold ratings of BBB- by S&P, Baa3 by Fitch, BBB- by Moody’s or B+ by AM Best.

• Peruvian insurers share risk with reinsurers to avoid losses due to natural disasters.

• Arthur J Gallagher and Grupo CP completed the acquisition of majority shareholdings in Peruvian reinsurance broker JAO & Partners in 2014.
 Table of Content

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Reinsurance Outlook
4.1 Reinsurance Segment Size, 2011–2020
4.1.1 Total reinsurance premium accepted
4.2 Reinsurance Segment Size by Premium Ceded, 2011–2020

5 Natural Hazards
5.1 Flooding
5.2 Droughts
5.3 Earthquakes
5.4 Landslides
5.5 Volcanic activity
5.6 Exposure

6 Competitive Landscape
6.1 Company Profiles
6.1.1 Rímac Seguros y Reaseguros – company overview
6.1.2 La Positiva Vida Seguros & Reaseguros SA – company overview
6.1.3 El Pacífico Peruano Suiza Compañía de Seguros y Reaseguros – company overview
6.1.4 Mapfre Perú Compañía de Seguros y Reaseguros – company overview
6.1.5 BNP Paribas Cardif SA Compañía de Seguros y Reaseguros – company overview

7 Definition and Methodology
7.1 Definitions
7.2 Methodology

8 About Timetric
8.1 Contact Timetric
8.2 About Timetric
8.3 Timetric’s Services
8.4 Disclaimer
List of Tables

Table 1: Peruvian Reinsurance – Key Facts, 2015
Table 2: Peruvian Reinsurance – Segment Shares of the Top Insurers, 2015
Table 3: Peru Government Credit Ratings
Table 3: Peruvian Reinsurance – Total Premium Accepted (PEN Million and US$ Million), 2011–2015
Table 4: Peruvian Reinsurance – Total Premium Accepted (PEN Million and US$ Million), 2015–2020
Table 5: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2011–2015
Table 6: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2015–2020
Table 7: Peruvian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 8: Peruvian Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 9: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 10: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 11: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2015
Table 12: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2015–2020
Table 13: Reinsurance Industry – Market Shares of Leading Insurers (%), 2015
Table 14: Rímac Seguros y Reaseguros – Key Facts
Table 15: La Positiva Vida Seguros & Reaseguros SA – Key Facts
Table 16: El Pacífico Peruano Suiza Compañía de Seguros y Reaseguros – Key Facts
Table 17: Mapfre Perú Compañía de Seguros y Reaseguros SA – Key Facts
Table 18: BNP Paribas Cardif SA Compañía de Seguros y Reaseguros – Key Facts
Table 19: Insurance Industry Definitions

List of Figures

Figure 1: Peruvian Real GDP (PEN Billion), 2011–2020
Figure 2: Peruvian Consumer Price Inflation (%), 2011–2020
Figure 3: PEN-US$ Exchange Rate (PEN Billion), 2011–2020
Figure 4: Peruvian Current Account Balance (% of GDP), 2011–2020
Figure 5: Peruvian Unemployment Rate (%), 2011–2020
Figure 6: Peruvian Population by Age Group, 1991–2025
Figure 7: Peruvian Reinsurance – Total Premium Accepted (PEN Billion), 2011–2020
Figure 8: Peruvian Reinsurance – Premium Ceded by Type of Insurance (PEN Million), 2011–2020
Figure 9: Peruvian Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2011–2020
Figure 10: Peruvian Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 11: Peruvian Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 12: Peruvian Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2020
Figure 13: Peruvian – Frequency of Hazards by Type, 1990–2014
Figure 14: Peruvian Mortality by Hazards Type, 1990–2014
Figure 15: Peruvian Economic Loss by Hazards Type, 1990–2014 



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