Reinsurance in Peru, Key Trends and Opportunities to 2018

Date: 2015-09

The premium accepted by the Peruvian reinsurance segment increased at a review-period (2009–2013) compound annual growth rate (CAGR) of 8.7%. The growth was due to strong economic conditions and growth in primary insurance. The premium ceded by the non-life insurance segment was the largest, accounting for 77.4% of the total premium ceded in 2013. This was due to Peru’s vulnerability to catastrophic events such as earthquakes, volcanic eruptions and floods. Facultative reinsurance accounted for 74.3% and treaty reinsurance accounted for 25.7% of the premium accepted in 2013.

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