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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Peru Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Peruvian personal accident and health insurance segment, including:

- An overview of the Peruvian personal accident and health insurance segment

- The Peruvian personal accident and health insurance segment’s growth prospects by category

- A comprehensive overview of the Peruvian economy and demographics

- A comparison of the Peruvian personal accident and health insurance segment with its regional counterparts

- The various distribution channels in the Peruvian personal accident and health insurance segment

- Details of the competitive landscape in the personal accident and health insurance segment in Peru

- Details of regulatory policy applicable to the Peruvian insurance industry

Summary
Timetric’s 'Personal Accident and Health Insurance in Peru Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Peruvian life insurance segment, and a comparison of the Peruvian insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Peruvian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

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 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Peruvian personal accident and health insurance segment, and market forecasts to 2020.

- It provides a comparison of the Peruvian personal accident and health insurance segment with its regional counterparts

- It provides an overview of the various distribution channels for personal accident and health insurance products in Peru.

- It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Peruvian personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health insurance segment.

- Identify growth opportunities and market dynamics in key product categories.

- Gain insights into key regulations governing the Peruvian insurance industry, and their impact on companies and the industry's future.

Key Highlights
- The personal accident and health segment accounted for 9.3% of the overall insurance gross written premium in Peru in 2015.

- Insurance penetration of the personal accident and health segment was 0.18% in 2015.

- El Pacífico Peruano, one of country’s leading life and personal accident and health insurers, expanded by forming a joint venture with Banmédica SA to jointly develop businesses in the Peruvian healthcare market in December 2014.

- In 2015, Rimac Seguros y Reaseguros introduced a new accident insurance policy for children.


Table Of Contents

Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2020
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Policies sold
4.2.3 Claims
4.2.4 Profitability
4.2.5 Assets and investments
5 Outlook by Category
5.1 Personal Accident Insurance
5.1.1 Premium
5.1.2 Policies
5.1.3 Claims
5.1.4 Profitability
5.2 Health Insurance
5.2.1 Premium
5.2.2 Policies
5.2.3 Claims
5.2.4 Profitability
6 Distribution Channel Outlook
6.1 Brokers
6.2 Agencies
6.3 Direct Marketing
6.4 Bancassurance
6.5 E-commerce
7 Competitive Landscape
7.1 Company Profiles
7.1.1 El Pacífico Vida Compañía de Seguros y Reaseguros - company overview
7.1.2 Rimac Seguros y Reaseguros - company overview
7.1.3 Interseguro Compania de Seguros SA - company overview
7.1.4 La Positiva Seguros y Reaseguros - company overview
7.1.5 Seguros Sura SA - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Third-party liability insurance for vehicles carrying dangerous goods
8.4.2 Motor third-party liability insurance
8.4.3 Insurance for risky work
8.4.4 Group life insurance for all employees with more than four years service
8.4.5 Aviation liability insurance
8.4.6 Professional indemnity insurance for insurance and reinsurance brokers, and loss adjusters
8.4.7 Liability insurance for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Association of Insurance Supervisors Latin America
8.5.3 Superintendent of Bank and Insurance
8.5.4 Peruvian Association of Insurance (LA Asociación Peruana de Empresas de Seguros - Apeseg)
8.6 Non-Admitted Insurance Regulations
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure 86
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Personal Accident Insurance
9.5 Health Insurance
9.6 Health Insurance by Product
10 Definition and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer


List of Tables
Table 1: Peruvian Personal Accident and Health Insurance - Key Facts, 2015
Table 2: Peruvian Personal Accident and Health Insurance - Top Insurers, 2015
Table 3: Peru Government Credit Ratings
Table 4: Peruvian Personal Accident and Health Insurance - Gross Written Premium (PEN Million and US$ Million), 2011-2015
Table 5: Peruvian Personal Accident and Health Insurance - Penetration (%), 2011-2015
Table 6: Peruvian Personal Accident and Health Insurance - Gross Written Premium (PEN Billion and US$ Million), 2015-2020
Table 7: Peruvian Personal Accident and Health Insurance - Penetration (%), 2015-2020
Table 8: Peruvian Personal Accident and Health Insurance - Premium per Capita (PEN and US$), 2011-2015
Table 9: Peruvian Personal Accident and Health Insurance - Premium per Capita (PEN and US$), 2015-2020
Table 10: Peruvian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2015
Table 11: Peruvian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2015-2020
Table 12: Peruvian Personal Accident and Health Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
Table 13: Peruvian Personal Accident and Health Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
Table 14: Peruvian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2015
Table 15: Peruvian Personal Accident and Health Insurance - Profitability Ratio (%), 2015-2020
Table 16: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion and US$ Billion), 2011-2015
Table 17: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion and US$ Billion), 2015-2020
Table 18: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million and US$ Million), 2011-2015
Table 19: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million and US$ Million), 2015-2020
Table 20: Peruvian Personal Accident and Health Insurance - Investment Portfolio (PEN Billion), 2011-2015
Table 21: Peruvian Personal Accident and Health Insurance - Investment Portfolio (PEN Billion), 2015-2020
Table 22: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Million), 2011-2015
Table 23: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Billion), 2015-2020
Table 24: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million and US$ Million), 2011-2015
Table 25: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million and US$ million), 2015-2020
Table 26: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2011-2015
Table 27: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2015-2020
Table 28: Peruvian Personal Accident Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
Table 29: Peruvian Personal Accident Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
Table 30: Peruvian Personal Accident Insurance - Loss Ratio (%), 2011-2015
Table 31: Peruvian Personal Accident Insurance - Loss Ratio (%), 2015-2020
Table 32: Peruvian Health Insurance - Direct Written Premium by Sub-Category (PEN Million), 2011-2015
Table 33: Peruvian Health Insurance - Direct Written Premium by Sub-Category (PEN Billion), 2015-2020
Table 34: Peruvian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2015
Table 35: Peruvian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2015-2020
Table 36: Peruvian Health Insurance - Paid Claims (PEN Million and US$ Million), 2011-2015
Table 37: Peruvian Health Insurance - Paid Claims (PEN Million and US$ Million), 2015-2020
Table 38: Peruvian Health Insurance - Loss Ratio (%), 2011-2015
Table 39: Peruvian Health Insurance - Loss Ratio (%), 2015-2020
Table 40: Peruvian Personal Accident and Health Insurance Industry - Top Insurers, 2015
Table 41: El Pacífico Vida Compañía de Seguros y Reaseguros - Key Facts
Table 42: El Pacífico Vida Compañía de Seguros y Reaseguros - Key Financials (PEN Million), 2011-2015
Table 43: Rimac Seguros y Reaseguros - Key Facts
Table 44: Rimac Seguros y Reaseguros - Key Financials (PEN Billion), 2011-2015
Table 45: Interseguro Compania de Seguros SA - Key Facts
Table 46: Interseguro Compania de Seguros SA - Key Financials (PEN Million), 2011-2015
Table 47: La Positiva Seguros y Reaseguros - Key Facts
Table 48: La Positiva Seguros y Reaseguros - Key Financials (PEN Million), 2011-2015
Table 49: Seguros Sura SA - Key Facts
Table 50: Seguros Sura SA - Key Financials (PEN Million), 2011-2015
Table 51: Peru - Insurance Regulatory Framework Key Features
Table 52: Peru - Life Insurance Regulatory Framework
Table 53: Peru - Property Insurance Regulatory Framework
Table 54: Peru - Motor Insurance Regulatory Framework
Table 55: Peru - Liability Insurance Regulatory Framework
Table 56: Peru - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 57: Peru - Maximum Cover for Professional Indemnity Insurance for Insurance Brokers
Table 58: Peru - Investment Limits by Types of Assets
Table 59: Peru - Corporate Tax Rates for the Financial Year 2016
Table 60: Peruvian Personal Accident and Health Insurance Industry - Policies and Premium, 2011-2015
Table 61: Peruvian Personal Accident and Health Insurance Industry - Policies and Premium, 2015-2020
Table 62: Peruvian Personal Accident and Health Insurance - Claims and Expenses, 2011-2015
Table 63: Peruvian Personal Accident and Health Insurance - Claims and Expenses, 2015-2020
Table 64: Peruvian Personal Accident and Health Insurance - Assets and Investments, 2011-2015
Table 65: Peruvian Personal Accident and Health Insurance - Assets and Investments, 2015-2020
Table 66: Peruvian Personal Accident and Health Insurance - Personal Accident Insurance, 2011-2015
Table 67: Peruvian Personal Accident and Health Insurance - Personal Accident Insurance, 2015-2020
Table 68: Peruvian Personal Accident and Health Insurance - Health Insurance, 2011-2015
Table 69: Peruvian Personal Accident and Health Insurance - Health Insurance, 2015-2020
Table 70: Peruvian Personal Accident and Health Insurance - Health by Product, 2011-2015
Table 71: Peruvian Personal Accident and Health Insurance - Health by Product, 2015-2020
Table 72: Insurance Industry Definitions


List of Figures
Figure 1: Peruvian Real GDP (PEN Billion), 2011-2020
Figure 2: Peruvian Consumer Price Inflation (%), 2011-2020
Figure 3: PEN-US$ Exchange Rate (PEN Billion), 2011-2020
Figure 4: Peruvian Current Account Balance (% of GDP), 2011-2020
Figure 5: Peruvian Unemployment Rate (%), 2011-2020
Figure 6: Peruvian Population by Age Group, 1991-2025
Figure 7: Peruvian Personal Accident and Health Insurance Penetration - Regional Comparison (%), 2015
Figure 8: Peruvian Insurance Segment Direct Written Premium Shares - Regional Comparison (%), 2015
Figure 9: Peruvian Personal Accident and Health Insurance - Gross Written Premium (PEN Billion), 2011-2020
Figure 10: Peruvian Personal Accident and Health Insurance - Penetration (%), 2011-2020
Figure 11: Peruvian Personal Accident and Health Insurance - Premium per Capita (PEN), 2011-2020
Figure 12: Peruvian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2011-2020
Figure 13: Peruvian Personal Accident and Health Insurance - Paid Claims (PEN Million), 2011-2020
Figure 14: Peruvian Personal Accident and Health Insurance - Profitability Ratio (%), 2011-2020
Figure 15: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion), 2011-2020
Figure 16: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million), 2011-2020
Figure 17: Peruvian Personal Accident and Health Insurance - Investment Portfolio (PEN Million), 2011-2020
Figure 18: Peruvian Personal Accident and Health Insurance - Investment Portfolio Dynamics by Category, 2011-2020
Figure 19: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Billion), 2011-2020
Figure 20: Peruvian Personal Accident and Health Insurance - Direct Written Premium Dynamics by Category, 2011-2020
Figure 21: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million), 2011-2020
Figure 22: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2011-2020
Figure 23: Peruvian Personal Accident Insurance - Paid Claims (PEN Million), 2011-2020
Figure 24: Peruvian Personal Accident Insurance - Earned Premium, Incurred Loss and Loss Ratio (PEN Million and %), 2011-2020
Figure 25: Peruvian Health Insurance - Direct Written Premium by Sub-Category (PEN Million), 2011-2020
Figure 26: Peruvian Health Insurance - Number of Policies Sold by Sub-Category (Thousand), 2011-2020
Figure 27: Peruvian Health Insurance - Paid Claims (PEN Million), 2011-2020
Figure 28: Peruvian Health Insurance - Earned Premium, Incurred Loss and Loss Ratio (PEN Billion and %), 2011-2020
Figure 29: Peru - Insurance Supervision and Control at Various Levels
Figure 30: Peru - Insurance Regulatory Frameworks for Company Registration and Operation

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