Despite the global financial crisis in 2008, Peru’s insurance sector has been steadily expanding over the past five years, averaging 15% annual growth in premiums. While life insurance sales fell by 4.3% globally in 2009, as of December that year life insurance premiums in Peru were up 9.73% year-on-year (y-o-y), placing the country fourth on Swiss...
In February 2012, Alfredo Jochamowitz, the president of the Peruvian Association of Insurance Companies (APESEG), estimated that the insurance penetration rate in the country was about 1.6%, measured as the percentage of premiums to GDP. This figure lags behind regional leaders like Chile (4.5%) and the total average for Latin America (2.5%)....
Pension fund reform has become a hot topic among leading fund administrators and lawmakers. As of May 2012, two government commissions, consisting of a technical team appointed by the executive branch and an economic commission that was formed by the Congress, were hard at work to develop a proposal for the restructuring of the pension fund system....
Crédito del Perú THE COMPANY: Volcan is a diversified and significant global producer of silver, zinc, copper and lead. It is the world’s fourth-largest producer of zinc and silver and is currently the number one producer of silver, zinc and lead concentrates in Peru.
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