Peru key market

The Peruvian life market has one of the highest growth potentials in Latin America, according to Royal & SunAlliance Vida, a Peru-based life and pensions subsidiary of the UK composite. Life premium will grow in 2001 at least 20%, followed by an annual growth of 15 to 20% over the next five years. Royal & SunAlliance Vida specialises in annuities, individual life and statutory life insurance programmes for workers and expects to write US$10mn dollars during 2001.