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Peru: Insurance penetration to reach 3.31% by 2020, says expert

July 22, 2014 - 6:00am

Carlos Chamochumbi, commercial vice president at Peruvian insurer Interseguro Compañía de Seguros de Vida S.A., has said that insurance penetration in the country will increase to 3.31% by 2020, reports

This growth is related to the country's economic growth and the people's income, Mr. Chamochumbi said.

But he added that despite the growth, the penetration will still be less than the 4.1% in Chile currently, but more than Brazil's current figure of 3.2%.

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