• Financial Services

    OBG’s banking, insurance and investment coverage looks at revenue and profit trends, market share changes, foreign entry and regulatory developments while our capital markets sector analyses provide information on the stock and bond markets, IPO activity and regulatory changes.
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The period of easily raising funds from abroad seems to be coming to an end for emerging markets around the world. In the new environment of higher interest rates in the US and increased competition for capital flows, portfolio managers are becoming more selective with where they place their money.

 

How does economic informality affect the growth prospects of the insurance sector?

 

The Peruvian insurance market as a whole returned to profitability in 2018, following losses and anaemic expansion over the course of 2016 and 2017. Underwriters enjoyed the most robust returns in the life segment, particularly in personal income annuities, which have come into high demand among new retirees as reinvestment vehicles for...

 

Peru has become a beacon of macroeconomic stability in Latin America, with top-notch credit ratings and an admirable inflation record. However, while the Lima Stock Exchange (Bolsa de Valores de Lima, BVL) is one of the oldest among Latin America’s major economies, having been founded in 1860, it is also one of the smallest. The development of...

 

With Peruvian GDP growth improving to 4% in 2018, lending saw some renewed dynamism after a slow couple of years. Showing its fastest growth since 2010, lending from private sector banks was up 8.77%, according to the Peruvian Banking Association (Asociación de Bancos del Perú, ASBANC).

 

Despite solid economic growth and macroeconomic stability, the size and scope of Peru’s capital markets remain limited. As the IMF highlighted in July 2018, domestic capital markets remain shallow and illiquid, and the stock market’s capitalisation as a share of GDP has increased only marginally. High market concentration is partly to blame,...