Boston, MA -- (SBWIRE) -- 01/18/2013 -- The Peruvian personal accident and health insurance segment increased during the review period. The increase was partly due to rising medical expenses, increasing numbers of international travelers from Peru, and favorable health insurance reform. The growth was also attributed to healthy economic development in Peru after the global financial crisis, and rising annual disposable income. The Peruvian personal accident and health insurance segment is one of the most concentrated in Latin America. Only 14 insurers were licensed to conduct personal accident and health insurance business in Peru in 2011, with the top five insurers accounting for a combined market share of 92.9%.

Key Highlights

- The Peruvian personal accident and health insurance segment increased during the review period.
- The increase was partly due to rising medical expenses, increasing numbers of international travelers from Peru, and favorable health insurance reform.
- The growth was also attributed to healthy economic development in Peru after the global financial crisis, and rising annual disposable income.
- The Peruvian personal accident and health insurance segment is one of the most concentrated in Latin America.
- Only 14 insurers were licensed to conduct personal accident and health insurance business in Peru in 2011, with the top five insurers accounting for a combined market share of 92.9%.
- Peru's relatively untapped insurance industry is attractive to global investors, and in 2011, the importance and size of the insurance industry in the country's economy was below the Latin American average.

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Scope

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

- It provides historical values for Peru's personal accident and health insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key sub-segments in Peru's personal accident and health insurance market, along with market forecasts until 2016
- 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 business
- It provides a detailed analysis of the reinsurance market 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

Companies Mentioned in this Report: Rimac Seguros, El Pacifico-Peruano Suiza, La Positiva Vida Seguros & Reaseguros SA, El Pacifico Vida Compania de Seguros, Mapfre Peru, Ace Seguros SA, Cardif del Peru SA Insurance, Protecta SA, Interseguro

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