Personal Accident and Health Insurance in Peru, Key Trends and Opportunities to 2018


#235129

220pages

Timetric

$ 1950

In Stock

Synopsis

The 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 and drivers for the personal accident and health insurance segment
  • The various distribution channels in the Peruvian personal accident and health insurance segment
  • The detailed competitive landscape in the personal accident and health insurance segment in Peru
  • Detailed regulatory policies of the Peruvian insurance industry
  • Analysis of various consumer segments in Peruvian personal accident and health insurance
  • Key developments in the Peruvian personal accident and health insurance segment
  • New products launched by Peruvian personal accident and health insurers

Executive summary

The gross written premium of the Peruvian personal accident and health insurance segment accounted for 10.0% of the insurance industry in 2013. In terms of the value, the gross written premium grew at a compound annual growth rate (CAGR) of 12.4% during the review period (2009–2013). Health insurance was the largest category with 73.7% of the segment’s gross written premium in 2013, followed by personal accident insurance with 2.8%. Rising healthcare expenditure, changing regulatory reforms in the insurance industry, and increased consumer awareness supported the growth of personal accident and health insurance in Peru.

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 2009–2013 review period, and projected figures for the 2013–2018 forecast period.
  • It offers a detailed analysis of the key categories in the Peruvian personal accident and health insurance segment, along with market forecasts until 2018.
  • 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.
  • It profiles the top personal accident and health insurance companies in Peru and outlines the key regulations affecting them.

Key highlights

  • Personal accident and health insurance is expected to be driven by increases in healthcare expenditure and outbound travel.
  • The personal accident and health insurance segment accounted for 10.0% of the Peruvian insurance industry’s gross written premium in 2013.
  • Personal accident insurance is compulsory for individuals working in high-risk professions such as mining and fishing, while the SOAT covers expenses of the policyholder or any other third party involved in a motor accident.
  • Health insurance was the largest category with 73.7% of the segment’s gross written premium, followed by personal accident with 2.8% in 2013.
  • Rising healthcare expenditure, changing regulatory reforms in the insurance industry, and increased consumer awareness supported the segment’s growth during the review period.

Reasons to buy

  • Make strategic business decisions using in-depth historic and forecast market data related to 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 the 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.