New Market Report: Non-Life Insurance in Peru, Key Trends and Opportunities to 2016
The Peruvian non-life insurance segment is among the fastest growing in the Latin American region. The segment accounted for a 43.3% share of the overall insurance industry's written premium in 2011. The written premium increased at a CAGR of 16.9% during the review period (2007-2011). This growth results from increased vehicle sales, construction industry growth, rising property prices, increased demand from overseas property investors, and government initiatives to provide insurance coverage to farmers for catastrophe losses. There was also healthy...
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