Non-Life Insurance in Peru, Key Trends and Opportunities to 2019

Date: 2015-12

“• Peru’s non-life insurance segment posted a review-period CAGR of 11.1%.

• The segment’s growth was primarily driven by the property and motor insurance categories.

• In the motor category, vehicle crime rates and the compulsory nature of motor third-party liability supported premium growth.

• The growth of construction activities under public private partnerships (PPPs) and a strong demand for agricultural insurance products fuelled growth in the property category.

• As Peru prepares for the 2019 Pan American Games in Lima, the high risk potential of cyber attacks creates attractive business opportunities for insurers.”

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