of rapid transformation. Energy demand was still low ten years ago when the country depended almost entirely on hydroelectric power in addition to petroleum imports to meet its needs. At that time, Peru still had limited oil production, no production of natural gas and little to speak of in terms of energy exports. Today, by contrast, the country is among the leading producers...
Since starting production of large quantities of natural gas at the Camisea field in 2004, Peru has primarily burned its gas production in thermoelectric plants or, since 2010, exported it in liquefied form. Both the government and Peruvian industry are now turning their attention toward developing higher-value end uses of natural gas. The most significant is the...
Peru’s energy sector presents a large number of opportunities despite the continuing salience of various political obstacles. Peru’s energy resources, particularly natural gas and hydroelectric potential, exceed the country’s current demand for energy and will continue to do so for the foreseeable future. The country has around 60,000 MW of total hydroelectric potential...
Latin America as a whole has seen average insurance premium growth in the double-digits since 2012, well above the rate recorded in most other regions and outpacing regional economic growth. Even against this backdrop, Peru’s performance stands out, with net insurance premium growth of 15% in 2013, compared to 8% and 11% in Colombia and Mexico, respectively. Gross...
Microinsurance remains a very small part of the insurance industry in Peru, accounting for PEN3.5m-4m ($1.25m-1.43m) in premiums per year, depending on differing definitions of what constitutes microinsurance. The Inter-American Development Bank (IDB) has described Peru’s microinsurance market as “still minute, despite an array of product offerings”, all the more...
Capital market growth underscores the need for greater liquidity The development of Peru’s capital markets continues apace, driven by the growing number of increasingly sophisticated local institutional investors. The growth of private pension fund administrators ( Administradoras de Fondos de Pensiones, AFPs), life insurance companies and mutual...
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