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ACCOUNTS RECEIVABLE AND PAYABLE FROM INSURANCE CONTRACTS | 12 Months Ended
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Dec. 31, 2018
Disclosure Of insurance contracts explanatory [Abstract] |
Disclosure of insurance contracts [text block] |
| 9 | ACCOUNTS RECEIVABLE AND PAYABLE FROM INSURANCE CONTRACTS
| a) | As of December 31, 2018 and 2017, “Premiums and other policies receivable” in the consolidated statement of financial position includes balances for approximately S/887.3 million and S/656.8 million, respectively, which are primarily of current maturity, have no specific collateral and present no material past due balances.
| b) | The movements of the captions “Accounts receivable and payable to reinsurers and coinsurers” are as follows:
Accounts receivable:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Balances at the beginning of the period |  |  | 715,695 |  |  |  | 454,187 |  |  |  | 457,189 |
Reported claims of premiums ceded, Note 25 |  |  | 367,969 |  |  |  | 483,387 |  |  |  | 145,498 |
Premiums ceded unearned during the year, Note 24(a)(**) |  |  | 34,709 |  |  |  | 21,192 |  |  |  | (9,139 | )
Premiums assumed |  |  | 5,882 |  |  |  | 2,341 |  |  |  | 4,977 |
Settled claims of premiums ceded by reinsurance contracts |  |  | (238,936 | ) |  |  | (231,298 | ) |  |  | (90,550 | )
Collections and others, net |  |  | (43,276 | ) |  |  | (14,114 | ) |  |  | (53,788 | )
Balances at the end of the period |  |  | 842,043 |  |  |  | 715,695 |  |  |  | 454,187 |
Accounts receivable as of December 31, 2018 and 2017, include S/152.9 million and S/151.6 million, respectively, which correspond to the unearned portion of the premiums ceded to the reinsurers. Accounts Payable:
|  | 2018 |  |  | 2017 |  |  | 2016 |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Balances at the beginning of the period |  |  | 235,185 |  |  |  | 233,892 |  |  |  | 241,847 |
Premiums ceded for automatic contracts (mainly excess of loss), Note 24(a)(**) |  |  | 243,427 |  |  |  | 257,617 |  |  |  | 201,892 |
Premiums ceded to reinsurers in facultative contracts, Note 24(a)(**) |  |  | 288,928 |  |  |  | 263,378 |  |  |  | 292,555 |
Coinsurance granted |  |  | 11,433 |  |  |  | 5,925 |  |  |  | 5,965 |
Payments and other, net |  |  | (487,280 | ) |  |  | (525,627 | ) |  |  | (508,367 | )
Balances at the end of the period |  |  | 291,693 |  |  |  | 235,185 |  |  |  | 233,892 |
Accounts payable to reinsurers are primarily related to proportional facultative contracts (on an individual basis) for ceded premiums, automatic non-proportional contracts (excess loss) and reinstallation premiums. For facultative contracts the Group transfers to the reinsurers a percentage or an amount of an insurance contract or individual risk, based on the premium and the coverage period.

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- Definition The entire disclosure for insurance contracts. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Note Expiry date 2021-01-01 -Name IFRS -Number 4 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=4&date=2018-03-02&anchor=sect_Disclosure&doctype=Standard&book=b -URIDate 2018-03-16 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Note Effective 2021-01-01 -Name IFRS -Number 17 -IssueDate 2018-01-01 -Section Disclosure -URI http://eifrs.ifrs.org/eifrs/XBRL?type=IFRS&num=17&date=2018-03-01&anchor=sect_Disclosure&doctype=Standard -URIDate 2018-03-16 + Details
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