Boston, MA -- (SBWIRE) -- 12/20/2013 -- The Peruvian personal accident and health segment expanded at a CAGR of 12.1% to reach PEN0.8 billion (US$0.3 billion) in 2012. Robust economic growth, increasing investment in healthcare and expansion of the middle-class population drove demand for personal accident and health insurance. Over the forecast period, the low penetration of health insurance, at 0.15%, rising healthcare expenditure and rising disposable incomes will be key drivers. The country's healthcare reforms and the implementation of the universal health insurance scheme (SIS) by the government played an important role in expanding health cover and awareness among the population.

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Key Highlights

- Peru has a mixed system of healthcare, under which both the public and private sectors contribute to healthcare financing
- Under the Universal Comprehensive Health Insurance Scheme (SIS), which was introduced in November 2010, subsidized healthcare services are provided to residents
- The growth of the personal accident and health insurance segment was driven primarily by increased healthcare expenditure, rising consumer awareness and favorable health insurance reforms
- Direct marketing was the most popular distribution channel in the personal accident and health segment, accounting for 42.0% of the segment's written premiums in 2012
- Growth will primarily be driven by healthy economic development and growing awareness of health insurance among the middle-class population

Scope

This report provides a comprehensive analysis of the personal accident and health insurance segment in Peru:

- It provides historical values for the Peruvian personal accident and health 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 personal accident and health 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 personal accident and health insurance products in Peru
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Peru for the personal accident and health insurance segment
- It provides a detailed analysis of the reinsurance segment in Peru and its growth prospects
- It profiles the top personal accident and health 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 personal accident and health insurance segment and each category within it

Companies Mentioned in this Report: Rimac Seguros, Pacifico Seguros Generalis, Interseguro, Seguros Sura, El Pacifico Vida, Mapfre Peru

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