Peru Insurance Industry Governance, Risk and Compliance Report 2019 – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Governance,
Risk and Compliance – The Peruvian Insurance Industry” report
has been added to ResearchAndMarkets.com’s offering.

“Governance, Risk and Compliance – The Peruvian Insurance Industry” is
the result of extensive research into the insurance regulatory framework
in Peru. It provides detailed analysis of the insurance regulations for
life, property, motor, liability, personal accident and health, and
marine, aviation and transit insurance. The report specifies various
requirements for the establishment and operation of insurance and
reinsurance companies and intermediaries.

The Superintendent of Bank and Insurance (Superintendencia de Banca,
Seguros y AFP SBS) is the government authority for supervising and
regulating insurance and reinsurance businesses in Peru. It was
established as a public institution in accordance with the Constitution
of Peru to regulate the financial, insurance, and private pension
systems in Peru.

The regulatory functions and powers of the SBS are stipulated in the
General Law of the Financial and Insurance Systems and Organic Law of
the Superintendent of Banking and Insurance or Law No. 26702. In order
to implement a risk-based supervisory regime in line with international
standards, the SBS is in the process of developing tighter risk
management regulations covering the insurance and private pension
industries.

Key Findings

• The SBS regulates and supervises the insurance industry in Peru
• Composite insurers are permitted in Peru
• 100% foreign direct investment is allowed in the Peruvian insurance
  industry
• Third-party liability insurance for public transport vehicles, motor
  third-party liability, aviation liability and workmen’s compensation
  insurance are some of the compulsory classes of insurance
• Non-admitted insurance is not permitted in the Peruvian insurance
  industry

The report brings together research, modeling and analysis expertise,
giving insurers access to information on prevailing insurance
regulations, and recent and upcoming changes in the regulatory
framework, taxation and legal system in the country. The report also
includes the scope of non-admitted insurance in the country.

The report provides

• An overview of the insurance regulatory framework in Peru
• The latest key changes, and changes expected in the country’s
  insurance regulatory framework
• Key regulations and market practices related to different types of
  insurance product in the country
• Rules and regulations pertaining to key classes of compulsory
  insurance, and the scope of non-admitted insurance in Peru
• Key parameters including licensing requirements, permitted foreign
  direct investment, minimum capital requirements, solvency and reserve
  requirements, and investment regulations
• Details of the tax and legal systems in the country.

Scope

• The report covers details of the insurance regulatory framework in
  Peru.
• The report contains details of the rules and regulations governing
  insurance products and insurance entities.
• The report lists and analyzes key trends and developments pertaining
  to the country’s insurance regulatory framework.
• The report analyzes the rules and regulations pertaining to the
  establishment and operation of insurance businesses in the country.
• The report provides details of taxation imposed on insurance products
  and insurance companies.

Reasons to Buy

• Gain insights into the insurance regulatory framework in Peru.
• Track the latest regulatory changes, and expected changes impacting
  the Peruvian insurance industry.
• Gain detailed information about the key regulations governing the
  establishment and operation of insurance entities in the country.
• Understand key regulations and market practices pertaining to various
  types of insurance product.

For more information about this report visit https://www.researchandmarkets.com/r/9ow1wn

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Related
Topics: Insurance