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v3.19.1

NET PREMIUMS EARNED (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosure of insurance premium revenue [text block] | This item consists of the following:
|  | Gross written premiums (*) |  |  | Technical reserve adjustment |  |  | Gross written premiums after adjustments (*) |  |  | Premiums ceded to reinsurers and co-insurers, net (**) |  |  | Net premiums earned |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
2018 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  |  | 1,881,804 |  |  |  | (685,022 | ) |  |  | 1,196,782 |  |  |  | (116,043 | ) |  |  | 1,080,739 |
Health insurance |  |  | 468,316 |  |  |  | (11,069 | ) |  |  | 457,247 |  |  |  | (10,257 | ) |  |  | 446,990 |
General insurance |  |  | 996,456 |  |  |  | (52,051 | ) |  |  | 944,405 |  |  |  | (371,346 | ) |  |  | 573,059 |
Total |  |  | 3,346,576 |  |  |  | (748,142 | ) |  |  | 2,598,434 |  |  |  | (497,646 | ) |  |  | 2,100,788 |
2017 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  |  | 1,567,774 |  |  |  | (618,259 | ) |  |  | 949,515 |  |  |  | (108,378 | ) |  |  | 841,137 |
Health insurance |  |  | 433,317 |  |  |  | 1,491 |  |  |  | 434,808 |  |  |  | (13,568 | ) |  |  | 421,240 |
General insurance |  |  | 936,316 |  |  |  | (12,496 | ) |  |  | 923,820 |  |  |  | (377,857 | ) |  |  | 545,963 |
Total |  |  | 2,937,407 |  |  |  | (629,264 | ) |  |  | 2,308,143 |  |  |  | (499,803 | ) |  |  | 1,808,340 |
2016 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Life insurance |  |  | 1,360,387 |  |  |  | (484,072 | ) |  |  | 876,315 |  |  |  | (37,725 | ) |  |  | 838,590 |
Health insurance |  |  | 431,290 |  |  |  | (15,950 | ) |  |  | 415,340 |  |  |  | (10,011 | ) |  |  | 405,329 |
General insurance |  |  | 1,009,369 |  |  |  | 1,677 |  |  |  | 1,011,046 |  |  |  | (455,850 | ) |  |  | 555,196 |
Total |  |  | 2,801,046 |  |  |  | (498,345 | ) |  |  | 2,302,701 |  |  |  | (503,586 | ) |  |  | 1,799,115 |
| (*) | This item includes earned premiums, reinsurance premiums accepted and coinsurance premiums accepted and received.
| (**) | “Premiums ceded to reinsurers and coinsurers, net” include:
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [text block] |
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Premiums ceded for automatic contracts (mainly excess of loss), Note 9(b) |  |  | (243,427 | ) |  |  | (257,617 | ) |  |  | (201,892 | )
Premiums ceded for facultative contracts, Note 9(b) |  |  | (288,928 | ) |  |  | (263,378 | ) |  |  | (292,555 | )
Annual variation for unearned premiums ceded reserves, Note 9(b) |  |  | 34,709 |  |  |  | 21,192 |  |  |  | (9,139 | )
|  |  | (497,646 | ) |  |  | (499,803 | ) |  |  | (503,586 | )
Disclosure of types of insurance contracts [text block] | Gross written premiums after adjustments by insurance type are described below:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |
Life insurance (i) |  |  | 1,196,782 |  |  |  | 46.05 |  |  |  | 949,515 |  |  |  | 41.14 |  |  |  | 876,315 |  |  |  | 38.06 |
Health insurance (ii) |  |  | 457,247 |  |  |  | 17.60 |  |  |  | 434,808 |  |  |  | 18.84 |  |  |  | 415,340 |  |  |  | 18.04 |
General insurance (iii) |  |  | 944,405 |  |  |  | 36.35 |  |  |  | 923,820 |  |  |  | 40.02 |  |  |  | 1,011,046 |  |  |  | 43.90 |
Total |  |  | 2,598,434 |  |  |  | 100.00 |  |  |  | 2,308,143 |  |  |  | 100.00 |  |  |  | 2,302,701 |  |  |  | 100.00 |
| (i) | The breakdown of life insurance gross written premiums after adjustments is as follows:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |
Credit life |  |  | 507,359 |  |  |  | 42.40 |  |  |  | 436,443 |  |  |  | 45.96 |  |  |  | 366,623 |  |  |  | 41.83 |
Disability and survival (*) |  |  | 270,082 |  |  |  | 22.57 |  |  |  | 237,559 |  |  |  | 25.02 |  |  |  | 214,310 |  |  |  | 24.46 |
Individual life and personal accidents (**) |  |  | 258,639 |  |  |  | 21.61 |  |  |  | 131,840 |  |  |  | 13.89 |  |  |  | 147,949 |  |  |  | 16.88 |
Group life |  |  | 113,118 |  |  |  | 9.44 |  |  |  | 117,580 |  |  |  | 12.38 |  |  |  | 118,634 |  |  |  | 13.54 |
Annuities |  |  | 47,584 |  |  |  | 3.98 |  |  |  | 26,093 |  |  |  | 2.75 |  |  |  | 28,799 |  |  |  | 3.29 |
Total life insurance gross premiums |  |  | 1,196,782 |  |  |  | 100.00 |  |  |  | 949,515 |  |  |  | 100.00 |  |  |  | 876,315 |  |  |  | 100.00 |
| (*) | This item includes Complementary Work Risk Insurance (“SCTR” from its Spanish acronym).
| (**) | Individual life insurance premiums include Investment Link insurance contracts.
| (ii) | Health insurance gross written premiums after adjustments include medical assistance which amounts to S/420 million at December 31, 2018 (S/386.3 y S/371.2 million at December 31, 2017 and 2016, respectively) and represents 91.84 percent of this line of business at December 31, 2018 (88.83 y 89.38 percent at December 31, 2017 and 2016, respectively).
| (iii) | General insurance gross written premiums after adjustments consist of the following:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |  |  | S/(000) |  |  | % |
Automobile |  |  | 333,400 |  |  |  | 35.30 |  |  |  | 308,910 |  |  |  | 33.44 |  |  |  | 336,068 |  |  |  | 33.24 |
Fire and allied lines |  |  | 245,632 |  |  |  | 26.01 |  |  |  | 244,474 |  |  |  | 26.46 |  |  |  | 279,192 |  |  |  | 27.61 |
Theft and robbery |  |  | 89,332 |  |  |  | 9.46 |  |  |  | 81,699 |  |  |  | 8.84 |  |  |  | 79,593 |  |  |  | 7.87 |
Technical lines (*) |  |  | 63,141 |  |  |  | 6.69 |  |  |  | 62,973 |  |  |  | 6.82 |  |  |  | 70,926 |  |  |  | 7.02 |
Third party liability |  |  | 48,482 |  |  |  | 5.13 |  |  |  | 44,536 |  |  |  | 4.82 |  |  |  | 43,028 |  |  |  | 4.26 |
Transport |  |  | 48,379 |  |  |  | 5.12 |  |  |  | 46,534 |  |  |  | 5.04 |  |  |  | 51,702 |  |  |  | 5.11 |
SOAT (Mandatory automobile line) |  |  | 30,659 |  |  |  | 3.25 |  |  |  | 24,573 |  |  |  | 2.66 |  |  |  | 20,830 |  |  |  | 2.06 |
Marine Hull |  |  | 26,924 |  |  |  | 2.85 |  |  |  | 27,317 |  |  |  | 2.96 |  |  |  | 27,954 |  |  |  | 2.76 |
Aviation |  |  | 16,090 |  |  |  | 1.70 |  |  |  | 25,185 |  |  |  | 2.73 |  |  |  | 55,149 |  |  |  | 5.45 |
Others |  |  | 42,366 |  |  |  | 4.49 |  |  |  | 57,619 |  |  |  | 6.23 |  |  |  | 46,604 |  |  |  | 4.62 |
Total |  |  | 944,405 |  |  |  | 100.00 |  |  |  | 923,820 |  |  |  | 100.00 |  |  |  | 1,011,046 |  |  |  | 100.00 |
| (*) | Technical lines include Contractor’s All Risk (CAR), Machinery breakdown, All Risk (EAR), Electronic equipment (EE), All Risk Contractor’s Equipment (ARCE).

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