Life and pensions sector boosts market's overall growth

There is a high degree of foreign investment in the Peruvian insurance market. Of the 12 companies in the market, eight are majority foreign owned while the remaining four all have foreign investors with minority stakes

Life and pensions sector boosts market's overall growth

Overall insurance premium income (life and non-life) in Peru rose by 6.1% to US$911mn in the 12 months to June 2005. This result was largely down to an increase of 11% in life insurance premiums which now represent 44.4% of the market's total premium income.