Reinsurance in Peru, Key Trends and Opportunities to 2019

Date: 2015-12

“• The proportion of premium ceded by the non-life segment was the largest, accounting for 67.4% of the total premium ceded in 2014; however the proportion ceded by non-life insurers declined.

• The decline was caused by an economic slowdown since 2013 due to a volatile commodity market.

• A growing middle-class population, falling unemployment, expanding government infrastructure projects, an increase in investment in small and medium-sized enterprises (SMEs), rising consumer spending, and the occurrence of catastrophic events are all projected to support the growth of the Peruvian insurance industry over the forecast period.

• Non-life insurance is expected to be the largest segment in terms of premium ceded over the forecast period.”

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