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-...
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...
How can the participation of retail investors in the market be enhanced, and what are the main challenges to increasing investment?
Like many other emerging economies, financial inclusion is one of the greatest challenges facing Peru. Findings of the World Bank’s 2017 Global Findex, which measures the progress of financial inclusion in 140 countries, highlighted a number of areas that need to be improved if the country’s banking sector is to be successful in penetrating a...
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