New Market Study Published: Reinsurance in Peru, Key Trends and Opportunities to 2017
The Peruvian reinsurance segment's written premium recorded an impressive CAGR of 25.9% during the review period, supported by strong economic conditions and impressive growth in the insurance industry. Facultative reinsurance accounted for nearly 75% of total reinsurance written premiums in 2012, while treaty reinsurance accounted for the remainder. There are no domestic reinsurers in Peru, so insurers depend on international reinsurers. Strong growth in the insurance industry, government reform measures and a high frequency of natural disasters will continue to...
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