Peru’s insurance premiums increased 13.5 percent in January-July period

Net insurance premiums amounted to 2.46 billion dollars in the January-July period of this year, which represented an increase of 13.5 percent compared to the amount registered in the same term last year, which totaled $2.16 billion, Peruvian Insurance Association (Apeseg) reported today.

During this period, the insurance sector was composed of 13 companies, four dedicated exclusively to the general insurance branch, six belonging to life insurance, and three dedicated to both activities.

Between both analyzed periods, the growth of life insurance stands out with 23 percent, followed by general insurance with 14 percent, retirement and provision with 10 percent, and accident and health insurance with 5 percent.

In the branch of general insurance, car insurance stood out presenting a growth of 43 percent (28.7 million dollars), transport with 32 percent (6.02 million), the technical sector with 15 percent (5.45 million) and crime insurance with 45 percent (3.83 million)

News source: ANDINA