Insurance in Peru - Market Summary, Competitive Analysis and Forecast to 2025

Insurance in Peru industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The Peruvian insurance market had total gross written premiums of $4.0bn in 2020, representing a compound annual growth rate (CAGR) of 5.6% between 2016 and 2020.
The non-life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $2.1bn, equivalent to 52.5% of the market's overall value.
Consumer confidence has plummeted in 2020 due to the uncertainty brought about by the pandemic, whilst many consumers’ incomes have taken a hit due to the closure of businesses and industries under nationwide lockdown restrictions. This has restricted consumers’ ability to invest in insurance plans, causing the market to suffer.

Scope

Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the insurance market in Peru
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Peru
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Peru insurance market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the Peru travel & tourism market by value in 2020?
What will be the size of the Peru travel & tourism market in 2025?
What factors are affecting the strength of competition in the Peru travel & tourism market?
How has the market performed over the last five years?
What are the main segments that make up Peru's travel & tourism market?

Frequently Asked Questions about the Insurance Market in Peru

What is the estimated value of the Insurance Market in Peru?

The Insurance Market in Peru was estimated to be valued at $4.01 Billion in 2020.

What is the growth rate of the Insurance Market in Peru?

The growth rate of the Insurance Market in Peru is 5.4%, with an estimated value of $5.22 Billion by 2025.

What is the forecasted size of the Insurance Market in Peru?

The Insurance Market in Peru is estimated to be worth $5.22 Billion by 2025.

Who are the key companies in the Insurance Market in Peru?

Key companies in the Insurance Market in Peru include RIMAC Seguros y Reaseguros S.A., Credicorp Ltd, La Positiva Seguros y Reaseguros S.A.A. and Mapfre SA.

Report Attribute	Details
No. of Pages	43
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 4.01 Billion
Forecasted Market Value ( USD ) by 2025	$ 5.22 Billion
Compound Annual Growth Rate	5.4%
Regions Covered	Peru

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. Are there any important partnerships on the horizon for next year?
7.5. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. RIMAC Seguros y Reaseguros S.A.
8.2. Credicorp Ltd
8.3. La Positiva Seguros y Reaseguros S.A.A.
8.4. Mapfre SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: Peru insurance market value: $ billion, 2016 - 20
Table 2: Peru insurance market category segmentation: $ billion, 2020
Table 3: Peru insurance market geography segmentation: $ billion, 2020
Table 4: Peru insurance market value forecast: $ billion, 2020 - 25
Table 5: Peru insurance market share: % share, by value, 2020
Table 6: RIMAC Seguros y Reaseguros S.A.: key facts
Table 7: RIMAC Seguros y Reaseguros S.A.: Annual Financial Ratios
Table 8: Credicorp Ltd: key facts
Table 9: Credicorp Ltd: Annual Financial Ratios
Table 10: Credicorp Ltd: Key Employees
Table 11: La Positiva Seguros y Reaseguros S.A.A.: key facts
Table 12: La Positiva Seguros y Reaseguros S.A.A.: Annual Financial Ratios
Table 13: La Positiva Seguros y Reaseguros S.A.A.: Key Employees
Table 14: Mapfre SA: key facts
Table 15: Mapfre SA: Annual Financial Ratios
Table 16: Mapfre SA: Key Employees
Table 17: Mapfre SA: Key Employees Continued
Table 18: Peru size of population (million), 2016 - 20
Table 19: Peru gdp (constant 2005 prices, $ billion), 2016 - 20
Table 20: Peru gdp (current prices, $ billion), 2016 - 20
Table 21: Peru inflation, 2016 - 20
Table 22: Peru consumer price index (absolute), 2016 - 20
Table 23: Peru exchange rate, 2016 - 20

List of Figures

Figure 1: Peru insurance market value: $ billion, 2016 - 20
Figure 2: Peru insurance market category segmentation: % share, by value, 2020
Figure 3: Peru insurance market geography segmentation: % share, by value, 2020
Figure 4: Peru insurance market value forecast: $ billion, 2020 - 25
Figure 5: Forces driving competition in the insurance market in Peru, 2020
Figure 6: Drivers of buyer power in the insurance market in Peru, 2020
Figure 7: Drivers of supplier power in the insurance market in Peru, 2020
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Peru, 2020
Figure 9: Factors influencing the threat of substitutes in the insurance market in Peru, 2020
Figure 10: Drivers of degree of rivalry in the insurance market in Peru, 2020
Figure 11: Peru insurance market share: % share, by value, 2020