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Date Created: 12/21/15
Life Insurance in Peru, Key Trends and Opportunities to 2017 Synopsis The report provides in depth market analysis, information and insights into the Peruvian life insurance segment, including: The Peruvian life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the Peruvian life insurance segment Detailed competitive landscape in the life insurance segment in Peru Detailed regulatory framework of the Peruvian insurance industry A description of the life reinsurance segment in Peru Porter's Five Forces Analysis of the life insurance segment Benchmarking section on the Peruvian life insurance segment in comparison to other countries in the Central and Latin American region Executive summary In terms of gross written premium, the life insurance segment was the largest in the Peru insurance industry during the review period and accounted for 46.5% of the total insurance industry’s written premiums in 2012. Peruvian consumers typically prefer simple, savings-oriented life insurance products with protection options. Pension and individual life products were the leading life insurance product categories during the review period. The segment’s written premium grew at a CAGR of 19.0% during the review period. The economic growth, an increase in employment levels, and an increase in disposable income had a positive effect on demand for life insurance products. The segment is highly concentrated, with the top five life insurers accounting for 86.9% of the total gross written premium in 2012. Scope This report provides a comprehensive analysis of the life insurance segment in Peru: It provides historical values for the Peruvian life insurance segment for the report’s 2008–2012 review period and forecast figures for the 2013–2017 forecast period It offers a detailed analysis of the key sub-segments in the Peruvian life insurance segment, along with market forecasts until 2017 It covers an exhaustive list of parameters including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions It analyses the various distribution channels for life insurance products in Peru Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Peru for the life insurance business It provides a detailed analysis of the reinsurance segment in Peru and its growth prospects It profiles the top life insurance companies in Peru and outlines the key regulations affecting them Reasons to buy Make strategic business decisions using in depth historic and forecast market data related to the Peruvian life insurance segment and each category within it Understand the demand-side dynamics, key market trends and growth opportunities within the Peruvian life insurance segment Assess the competitive dynamics in the life insurance segment, along with the reinsurance segment Identify the growth opportunities and market dynamics within key product categories Gain insights into key regulations governing the Peruvian insurance industry and its impact on companies and the market's future Key highlights Life Insurance in Peru, Key Trends and Opportunities to 2017 In terms of gross written premium, the life insurance segment was the largest in the Peru insurance industry during the review period The life insurance segment recorded notable growth by increasing at a CAGR of 19.0% during the review period The segment’s growth was driven by an increase in employment levels and a rise in disposable income The Peruvian government has encouraged the middle- and lower-income population to buy life cover by promoting microinsurance products Direct marketing is the one of the popular and dominant distribution channels for life products in Peru, and accounted for 57.3% of new business written premium in 2012 The segment is highly concentrated, with the top five life insurers accounting for 86.9% of the total gross written premium in 2012 table Of Contents 1 Executive Summary 2 Introduction 2.1 What Is This Report About? 2.2 Definitions 2.3 Methodology 3 Regional Market Dynamics 3.1 Overview 3.1.1 Market Trends 3.1.2 Market Size 4 Life Insurance Segment – Regional Benchmarking 4.1 Scale And Penetration 4.1.1 Total Gross Written Premium 4.1.2 Premium Per Capita 4.1.3 Life Insurance Penetration (as A Percentage Of Gdp) 4.2 Growth 4.2.1 Gross Written Premium 4.2.2 Gross Written Premium Per Capita 4.3 Efficiency And Risk 4.3.1 Loss Ratio 4.3.2 Combined Ratio 4.3.3 Incurred Losses Per Capita 4.3.4 Incurred Losses As A Percentage Of Gdp 4.4 Distribution Channels 4.4.1 Direct Marketing 4.4.2 Bancassurance Life Insurance in Peru, Key Trends and Opportunities to 2017 4.4.3 Agencies 5 Peruvian Insurance Industry Attractiveness 5.1 Insurance Industry Size, 2008–2017 5.2 Key Industry Trends And Drivers 6 Life Insurance Outlook 6.1 Life Insurance 6.1.1 Individual Life Insurance 6.1.2 Individual Pension Insurance 6.1.3 Individual Supplementary Insurance 6.1.4 Individual Other Life Insurance 6.1.5 Group Life Insurance 6.2 Life Insurance Growth Prospects By Product Type 6.2.1 Individual Single-premium Policies 6.2.2 Individual Non-single-premium Policies 6.2.3 Group Single-premium Policies 6.2.4 Group Non-single-premium Policies 7 Analysis By Distribution Channel 7.1 Direct Marketing 7.2 Bancassurance 7.3 Agencies 7.4 E-commerce 7.5 Brokers 7.6 Other Channels 8 Governance, Risk And Compliance 8.1 Legislation Overview And Historical Evolution 8.2 Legislation And Market Practice By Type Of Insurance 8.2.1 Life Insurance 8.2.2 Property Insurance 8.2.3 Motor Insurance 8.2.4 Marine, Aviation And Transit Insurance 8.2.5 Personal Accident And Health Insurance 8.3 Compulsory Insurance 8.3.1 Third-party Liability Insurance For Vehicles Carrying Dangerous Goods 8.3.2 Personal Accident Insurance In Case Of Motor Vehicle Accident 8.3.3 Insurance For Risky Work Life Insurance in Peru, Key Trends and Opportunities to 2017 8.3.4 Group Life Insurance For All Employees With More Than Four Years Service 8.3.5 Aviation Liability 8.4 Supervision And Control 8.4.1 International Association Of Insurance Supervisors 8.4.2 Superintendent Of Bank And Insurance (sbs) 8.5 Non-admitted Insurance Regulations 8.5.1 Overview 8.5.2 Intermediaries 8.5.3 Market Practices 8.5.4 Fines And Penalties 8.6 Company Registration And Operations 8.6.1 Types Of Insurance Organization 8.6.2 Establishing A Domestic Company 8.6.3 Foreign Ownership 8.6.4 Types Of License 8.6.5 Capital Requirements 8.6.6 Solvency Margins 8.6.7 Reserve Requirements 8.6.8 Investment Regulations 8.6.9 Statutory Return Requirements 8.6.10 Fee Structure 8.7 Taxation 8.7.1 Insurance Premium Or Policy Taxation 8.7.2 Withholding Taxes On Premium Paid Overseas 8.7.3 Corporate Tax 8.7.4 Vat 8.7.5 Captives 8.8 Legal System 8.8.1 Introduction 8.8.2 Access To Court 8.8.3 Alternative Dispute Resolution (adr) 9 Porter’s Five Forces Analysis – Peruvian Life Insurance 9.1 Bargaining Power Of Suppliers: Medium 9.2 Bargaining Power Of Buyers: Low To Medium 9.3 Barriers To Entry: Low To Medium 9.4 Intensity Of Rivalry: High 9.5 Threat Of Substitutes: Low 10 Reinsurance Growth Dynamics And Challenges 10.1 Reinsurance Segment Size, 2008–2017 Life Insurance in Peru, Key Trends and Opportunities to 2017 10.2 Reinsurance Segment Size By Type Of Insurance, 2008–2017 11 Competitive Landscape And Strategic Insights 11.1 Overview 11.2 Leading Companies In The Peruvian Life Insurance Segment 11.3 El Pacífico Vida – Company Overview 11.3.1 El Pacífico Vida – Key Facts 11.3.2 El Pacífico Vida – Key Financials 11.4 Rimac Seguros – Company Overview 11.4.1 Rimac Seguros – Key Facts 11.4.2 Rimac Seguros – Key Financials 11.5 Seguros Sura – Company Overview 11.5.1 Seguros Sura – Key Facts 11.5.2 Seguros Sura – Key Financials 11.6 La Positiva Vida – Company Overview 11.6.1 La Positiva Vida – Key Facts 11.6.2 La Positiva Vida – Key Financials 11.7 Interseguro – Company Overview 11.7.1 Interseguro – Key Facts 11.7.2 Interseguro – Key Financials 11.8 Mapfre Perú Vida – Company Overview 11.8.1 Mapfre Perú Vida – Key Facts 11.8.2 Mapfre Perú Vida – Key Financials 11.9 Protecta Sa Cia De Seguros – Company Overview 11.9.1 Protecta Sa Cia De Seguros – Key Facts 11.9.2 Protecta Sa Cia De Seguros – Key Financials 11.1 Ace Seguros Sa – Company Overview 11.10.1 Ace Seguros Sa – Key Facts 11.10.2 Ace Seguros Sa – Key Financials 11.11 Cardif Del Perú Sa – Company Overview 11.11.1 Cardif Del Perú Sa – Key Facts 11.11.2 Cardif Del Perú Sa – Key Financials 12 Business Environment And Country Risk 12.1.1 Market Capitalization Trend – Lima Stock Exchange, Peru 12.2 Economic Performance 12.2.1 Gdp At Constant Prices (us Dollars) 12.2.2 Gdp Per Capita At Constant Prices (us Dollars) 12.2.3 Gdp At Current Prices (us Dollars) 12.2.4 Gdp Per Capita At Current Prices (us Dollars) 12.2.5 Gdp By Key Segments Life Insurance in Peru, Key Trends and Opportunities to 2017 12.2.6 Agricultural Net Output At Current Prices (us Dollars) 12.2.7 Agricultural Net Output At Current Prices As A Percentage Of Gdp 12.2.8 Manufacturing Net Output At Current Prices (us Dollars) 12.2.9 Manufacturing Net Output At Current Prices As A Percentage Of Gdp 12.2.10 Mining, Manufacturing And Utilities At Current Prices (us Dollars) 12.2.11 Mining, Manufacturing And Utilities At Current Prices, As Percentage Of Gdp 12.2.12 Construction Net Output At Current Prices, (us Dollars) 12.2.13 Construction Net Output At Current Prices As A Percentage Of Gdp 12.2.14 Inflation Rate 12.2.15 Exports As A Percentage Of Gdp 12.2.16 Total Internet Subscribers 12.3 Labor Force 12.3.1 Labor Force 12.3.2 Unemployment Rate 12.4 Demographics 12.4.1 Household Consumption Expenditure 12.4.2 Total Population 12.4.3 Life Expectancy 12.4.4 Age Distribution Of Total Population 13 Appendix 13.1 Methodology 13.2 Contact Timetric 13.3 About Timetric 13.4 Timetric’s Services 13.5 Disclaimer ResearchMoz(http://www.researchmoz.us/) is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price. Contact: M/s Sheela, 90 State Street, Suite 700, Albany NY - 12207 United States Tel: +1-518-618-1030 USA - Canada Toll Free 866-997-4948 Life Insurance in Peru, Key Trends and Opportunities to 2017 Email: firstname.lastname@example.org Website: http://www.researchmoz.us/ Life Insurance in Peru, Key Trends and Opportunities to 2017
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