In early 2016 Peru launched a new mobile payments system called billetera móvil (mobile wallet) or BIM. While there have been numerous mobile payment systems introduced around the world, frequently as rival alliances between competing telecoms and banking players, this particular project stands out for being a collaborative venture...
Peru’s banking system is widely seen as one of the most stable and well regulated in Latin America. At one level the main banking sector story in 2017 is how this essentially solid services industry will adapt to Peru’s gradual transition from annual growth rates of 7-8% during the commodity boom to a more moderate medium-term average growth...
What challenges are posed by the new law allowing affiliates of pension fund administrators to withdraw 95.5% of their funds at 65 years old?
Despite the difficulties posed by a fragmented health care system, opportunities for private health insurance are abundant in Peru. Health services are provided by five main entities: Seguro Integral de Salud; Seguro Social de Salud (EsSalud); two government schemes for the armed forces and the police; and private health insurers, known as ...
What is behind the high growth in insurance premiums in recent years? To what extent is this growth sustainable in the medium to long term?
Though recent highs in premium income have made Peru’s insurance market one of the fastest-growing in Latin America, the country remains comparatively underinsured. Taking these two factors into consideration, it is apparent that the sector has been showing strong growth but from a very low base, and that awareness of insurance as a way of...
Stay updated on how some of the world’s most promising markets are being affected by the Covid-19 pandemic, and what actions governments and private businesses are taking to mitigate challenges and ensure their long-term growth story continues.
Register now and also receive a complimentary 2-month licence to the OBG Research Terminal.
Register Here×