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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Peruvian personal accident and health insurance segment.

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 (2010–2014) and forecast period (2014–2019).

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.

Summary
Timetric’s 'Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Peruvian personal accident and health insurance segment, including:

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

- Key trends, drivers and challenges for the personal accident and health insurance segment

- A comprehensive overview of the Peruvian economy and demographics

- 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

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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Peruvian personal accident and health insurance segment, and market forecasts to 2019.

- 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 insurance segment accounted for 9.5% of the Peruvian insurance industry’s gross written premium in 2014.

- The statutory auto liability insurance (SOAT) is a compulsory personal accident insurance for all owners of motor vehicles, and covers the expenses of both the insured and all persons involved in an accident.

- The low turnover of healthcare professionals therefore keeps healthcare service levels underpenetrated in the country.

- The poverty rates in the country declined from 59.0% of the total population in 2004 to 23.0% in 2014.

- Rise in healthcare costs, outbound travel expenditure, economic growth, and vehicle sales are all expected to contribute towards the growth of the personal accident and health segment over the forecast period.

Table Of Contents

Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Personal Accident and Health Insurance Segment Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Personal Accident and Health Insurance Growth Prospects by Category
5.4.1 Personal accident insurance
5.4.2 Travel insurance
5.4.3 Health insurance
6 Analysis by Distribution Channel
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Peruvian Personal Accident and Health Insurance Segment
7.2.1 Rímac Seguros y Reaseguros - company overview
7.2.2 El Pacífico Vida Compañía de Seguros y Reaseguros - company overview
7.2.3 MAPFRE Perú Compañía de Seguros y Reaseguros - company overview
7.2.4 La Positiva Seguros y Reaseguros - company overview
7.2.5 Seguros Sura SA - company overview
7.2.6 Ace Seguros SA - company overview
7.2.7 BNP Paribas Cardif SA Compañía de Seguros y Reaseguros - company overview
7.2.8 Interseguro Compania de Seguros SA - company overview
7.2.9 Protecta SA Compania de Seguros - company overview
7.2.10 Rigel Perú SA Compañía de Seguros Vida - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
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
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 Superintendent of Bank and Insurance (SBS)
8.5.3 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 Types of insurance organization
8.7.2 Establishing a domestic 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
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 (ADR)
9 Appendix
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer

List of Tables
Table 1: Peruvian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Peruvian Government Credit Ratings
Table 4: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (PEN Million), 2010-2014
Table 5: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2010-2014
Table 6: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (PEN Million), 2014-2019
Table 7: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (US$ Million), 2014-2019
Table 8: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Million), 2010-2014
Table 9: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2010-2014
Table 10: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Million), 2014-2019
Table 11: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Million), 2014-2019
Table 12: Peruvian Personal Accident and Health Insurance - Net Earned Premium (PEN Million), 2010-2014
Table 13: Peruvian Personal Accident and Health Insurance - Net Earned Premium (PEN Million), 2014-2019
Table 14: Peruvian Personal Accident and Health Insurance - Paid Claims by Category (PEN Million), 2010-2014
Table 15: Peruvian Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2010-2014
Table 16: Peruvian Personal Accident and Health Insurance - Paid Claims by Category (PEN Million), 2014-2019
Table 17: Peruvian Personal Accident and Health Insurance - Paid Claims by Category (US$ Million), 2014-2019
Table 18: Peruvian Personal Accident and Health Insurance - Incurred Loss by Category (PEN Million), 2010-2014
Table 19: Peruvian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2010-2014
Table 20: Peruvian Personal Accident and Health Insurance - Incurred Loss by Category (PEN Million), 2014-2019
Table 21: Peruvian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Million), 2014-2019
Table 22: Peruvian Personal Accident and Health Insurance - Net Written Premium by Category (PEN Million), 2010-2014
Table 23: Peruvian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2010-2014
Table 24: Peruvian Personal Accident and Health Insurance - Net Written Premium by Category (PEN Million), 2014-2019
Table 25: Peruvian Personal Accident and Health Insurance - Net Written Premium by Category (US$ Million), 2014-2019
Table 26: Peruvian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 27: Peruvian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 28: Peruvian Personal Accident and Health Insurance - Commission and Expenses (PEN Million), 2010-2014
Table 29: Peruvian Personal Accident and Health Insurance - Commission and Expenses (PEN Million), 2014-2019
Table 30: Peruvian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 31: Peruvian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 32: Peruvian Personal Accident and Health Insurance - Number of Policies Per Capita, 2010-2014
Table 33: Peruvian Personal Accident and Health Insurance - Number of Policies Per Capita, 2014-2019
Table 34: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion), 2010-2014
Table 35: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion), 2014-2019
Table 36: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million), 2010-2014
Table 37: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million), 2014-2019
Table 38: Peruvian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Table 39: Peruvian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
Table 40: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2010-2014
Table 41: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2014-2019
Table 42: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million), 2010-2014
Table 43: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million), 2014-2019
Table 44: Peruvian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Table 45: Peruvian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Table 46: Peruvian Travel Insurance - Number of Policies Sold (Thousand), 2010-2014
Table 47: Peruvian Travel Insurance - Number of Policies Sold (Thousand), 2014-2019
Table 48: Peruvian Travel Insurance - Direct Written Premium (PEN Million), 2010-2014
Table 49: Peruvian Travel Insurance - Direct Written Premium (PEN Million), 2014-2019
Table 50: Peruvian Travel Insurance - Loss Ratio (%), 2010-2014
Table 51: Peruvian Travel Insurance - Loss Ratio (%), 2014-2019
Table 52: Peruvian Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Table 53: Peruvian Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Table 54: Peruvian Health Insurance - Direct Written Premium (PEN Million), 2010-2014
Table 55: Peruvian Non-Life Health Insurance - Direct Written Premium (PEN Billion), 2014-2019
Table 56: Peruvian Health Insurance - Paid Claims (PEN Million), 2010-2014
Table 57: Peruvian Health Insurance - Paid Claims (PEN Million), 2014-2019
Table 58: Peruvian Health Insurance - Loss Ratio (%), 2010-2014
Table 59: Peruvian Health Insurance - Loss Ratio (%), 2014-2019
Table 60: Peruvian Health Insurance - Net Written Premium (PEN Million), 2010-2014
Table 61: Peruvian Health Insurance - Net Written Premium (PEN Million), 2014-2019
Table 62: Peruvian Personal Accident and Health Insurance Companies
Table 63: Rímac Seguros y Reaseguros - Key Facts
Table 64: El Pacífico Vida Compañía de Seguros y Reaseguros - Key Facts
Table 65: MAPFRE Perú Compañía de Seguros y Reaseguros - Key Facts
Table 66: La Positiva Seguros y Reaseguros - Key Facts
Table 67: Seguros Sura SA - Key Facts
Table 68: Ace Seguros SA - Key Facts
Table 69: BNP Paribas Cardif SA Compañía de Seguros y Reaseguros - Key Facts
Table 70: Interseguro Compania de Seguros SA - Key Facts
Table 71: Protecta SA Compania de Seguros - Key Facts
Table 72: Rigel Perú SA Compañía de Seguros Vida - Key Facts
Table 73: Peru - Insurance Regulatory Framework Key Features
Table 74: Peru - Life Insurance Regulatory Framework
Table 75: Peru - Property Insurance Regulatory Framework
Table 76: Peru - Motor Insurance Regulatory Framework
Table 77: Peru - Liability Insurance Regulatory Framework
Table 78: Peru - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
Table 79: Peru - Corporate Tax Rates for the Financial Year 2015

List of Figures
Figure 1: Peruvian Real GDP (PEN Billion), 2010-2019
Figure 2: PEN-US$ Exchange Rate, 2010-2019
Figure 3: Peruvian Consumer Price Inflation, 2010-2019
Figure 4: Peruvian Current Account Balance as Percentage of GDP (%), 2010-2019
Figure 5: Peruvian Unemployment Rate, 2010-2019
Figure 6: Peruvian Population by Age Group, 1990-2025
Figure 7: Peruvian Healthcare Costs Distribution (% of GDP), 2008-2013
Figure 8: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (PEN Billion), 2010-2019
Figure 9: Peruvian Personal Accident and Health Insurance - Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 10: Peruvian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 11: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (PEN Billion), 2010-2019
Figure 12: Peruvian Personal Accident and Health Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 13: Peruvian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 14: Peruvian Personal Accident and Health Insurance - Net Earned Premium (PEN Million), 2010-2014
Figure 15: Peruvian Personal Accident and Health Insurance - Net Earned Premium (PEN Million), 2014-2019
Figure 16: Peruvian Personal Accident and Health Insurance - Paid Claims by Category (PEN Billion), 2010-2019
Figure 17: Peruvian Personal Accident and Health Insurance - Incurred Loss by Category (PEN Billion), 2010-2019
Figure 18: Peruvian Personal Accident and Health Insurance - Net Written Premium by Category (PEN Billion), 2010-2019
Figure 19: Peruvian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 20: Peruvian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 21: Peruvian Personal Accident and Health Insurance - Commission and Expenses (PEN Million), 2010-2014
Figure 22: Peruvian Personal Accident and Health Insurance - Commission and Expenses (PEN Million), 2014-2019
Figure 23: Peruvian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 24: Peruvian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 25: Peruvian Personal Accident and Health Insurance - Number of Policies Per Capita, 2010-2014
Figure 26: Peruvian Personal Accident and Health Insurance - Number of Policies Per Capita, 2014-2019
Figure 27: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion), 2010-2014
Figure 28: Peruvian Personal Accident and Health Insurance - Total Assets (PEN Billion), 2014-2019
Figure 29: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million), 2010-2014
Figure 30: Peruvian Personal Accident and Health Insurance - Total Investment Income (PEN Million), 2014-2019
Figure 31: Peruvian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 32: Peruvian Personal Accident and Health Insurance - Net Written Premium (% of GWP), 2014-2019
Figure 33: Peruvian Personal Accident and Health Insurance - Investment Portfolio (PEN Billion), 2010-2014
Figure 34: Peruvian Personal Accident and Health Insurance - Investment Portfolio (% Share), 2010 and 2014
Figure 35: Peruvian Personal Accident and Health Insurance Penetration (Ratio of Direct Premiums to GDP), 2010-2014
Figure 36: Peruvian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2010-2014
Figure 37: Peruvian Personal Accident and Health Insurance - Number of Policies Sold (Million), 2014-2019
Figure 38: Peruvian Personal Accident and Health Insurance - Density (Direct Premium per Capita), 2010-2014
Figure 39: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2010-2014
Figure 40: Peruvian Personal Accident Insurance - Number of Policies Sold (Million), 2014-2019
Figure 41: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million), 2010-2014
Figure 42: Peruvian Personal Accident Insurance - Direct Written Premium (PEN Million), 2014-2019
Figure 43: Peruvian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Figure 44: Peruvian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Figure 45: Peruvian Travel Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 46: Peruvian Travel Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 47: Peruvian Travel Insurance - Direct Written Premium (PEN Million), 2010-2014
Figure 48: Peruvian Travel Insurance - Direct Written Premium (PEN Million), 2014-2019
Figure 49: Peruvian Travel Insurance - Loss Ratio (%), 2010-2014
Figure 50: Peruvian Travel Insurance - Loss Ratio (%), 2014-2019
Figure 51: Peruvian Health Insurance - Number of Policies Sold (Thousand), 2010-2014
Figure 52: Peruvian Health Insurance - Number of Policies Sold (Thousand), 2014-2019
Figure 53: Peruvian Health Insurance - Direct Written Premium (PEN Million), 2010-2014
Figure 54: Peruvian Non-Life Health Insurance - Direct Written Premium (PEN Billion), 2014-2019
Figure 55: Peruvian Health Insurance - Paid Claims (PEN Million), 2010-2014
Figure 56: Peruvian Health Insurance - Paid Claims (PEN Million), 2014-2019
Figure 57: Peruvian Health Insurance - Loss Ratio (%), 2010-2014
Figure 58: Peruvian Health Insurance - Loss Ratio (%), 2014-2019
Figure 59: Peruvian Health Insurance - Net Written Premium (PEN Million), 2010-2014
Figure 60: Peruvian Health Insurance - Net Written Premium (PEN Million), 2014-2019
Figure 61: Peru - Insurance Supervision and Control at Various Levels
Figure 62: Peru - Insurance Regulatory Frameworks for Company Registration and Operation

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