Peru

Contributing around 10% to GDP in 2017, the mining sector is fundamental to Peru’s economy, accounting for significant levels of foreign exchange and tax revenues, as well as the creation of direct and indirect jobs. Favourable legal and tax regimes, low production costs and an abundance of natural resources all contribute to increasing...

While investors have typically been drawn to Peru by the fact that it is the world’s second-largest copper, silver and zinc producer, as well as the third-largest for tin, the country’s iron ore reserves have recently attracted China’s attention.

Despite being one of the smaller exchanges in South America, the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) has a long history stretching back to 1860. The Tribunal del Consulado, the highest body regulating commerce in the country’s early history, established the Bolsa de Comercio de Lima in 1861. However, the exchange did not trade...

The development of sustainable infrastructure works, projects to combat climate change or simply upgrading facilities to be more energy efficient are trends that are gaining momentum around the world, with Peru being no exception. Thus, a specialised financing environment is being created to support such projects through the help of...

The past two years have seen the Peruvian insurance sector experience its fair share of volatility. After registering gross premium growth of 17.8% and 24.3% in 2014 and 2015, respectively, 2016 saw the industry contract by around 3.5%, according to a report issued by BMI Research. The sector’s poor performance was due mainly to a reduction in...

While advanced economies generate the vast majority of insurance and reinsurance business, emerging markets are posting higher rates of growth. Complementing this underlying trend is a strong and expanding interest in catastrophic risk, which by nature tends to pertain to emerging markets. This is coming alongside fast-paced, sector-...