Fast Market Research recommends "Life Insurance in Peru, Key Trends and Opportunities to 2017" from Timetric, now available

Boston, MA -- (SBWire) -- 12/24/2013 --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.

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Key Highlights

- 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

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 Get This Report

- Make strategic business decisions using in depth historic and forecast market data related to the Peruvian life insurance segment and each category within it

Companies Mentioned in this Report: El Pacifico Vida, Rimac Seguros, Seguros Sura, La Positiva Vida, Interseguro, Mapfre Peru Vida, Protecta SA Cia de Seguros, Ace Seguros SA, Cardif del Peru SA

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