Peru Insurance Report - September 2025

Abstract

Peru's insurance sector has a strong outlook in 2025, driven by a positive demographic and income trends. As disposable income levels rise and inflation eases, demand for insurance products will increase, with a focus on basic insurance lines. Over the medium term, increased formalisation of the country's workforce will bolster group policy demand. There is a relatively low number of firms in Peru's insurance sector, which points towards the sector's highly consolidated nature.