Peru Insurance Report - November 2026

Abstract

Peru's insurance sector has a strong outlook for 2025, driven by rising disposable incomes and a favourable demographic profile, which will increase demand for products like basic insurance and group policies. The market is highly consolidated, with a low number of firms, especially the non-life segment due to factors like compulsory motor insurance and commercial activities. Medium-term growth is expected to be boosted by workforce formalisation and a 2024 pension reform that expands annuity eligibility.