The non-life insurance segment accounted for a 43.8% share of the Peruvian insurance industry’s gross written premium in 2013. The segment’s gross written premium increased at a review-period CAGR of 11.4%. The growth of this segment was majorly due to an increase in property and vehicle sales and the government’s investments on infrastructure. This led to an increase in the number of policies sold from 2.7 million in 2009 to 6.8 million in 2013, at a review-period CAGR of 26.0%. Furthermore, economic growth and individuals’ purchasing power, a large distribution network and scope from low penetration rate is expected to support the growth of the non-life segment over the forecast period. The Peruvian non-life segment is expected to grow at a forecast-period CAGR of 10.2%. Browse Full Report @ http://www.researchmoz.us/non-life-insurance-in-peru-key-trends-and-opportunities-to-2018-report.html
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