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TECHNICAL RESERVES FOR INSURANCE CLAIMS AND PREMIUMS (Tables) | 12 Months Ended
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Dec. 31, 2018
Disclosure of insurance claim reserves and technical reserves [Abstract] |
Disclosure of detailed information about insurance claim reserves [Text Block] |
|  | This item consists of the following:
|  | 2018 |
|  | Technical reserves for claims |  |  | Technical reserves for premiums (*) |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Life insurance |  |  | 732,868 |  |  |  | 6,329,512 |  |  |  | 7,062,380 |
General insurance |  |  | 562,430 |  |  |  | 593,938 |  |  |  | 1,156,368 |
Health insurance |  |  | 71,372 |  |  |  | 162,551 |  |  |  | 233,923 |
Total |  |  | 1,366,670 |  |  |  | 7,086,001 |  |  |  | 8,452,671 |
|  | 2017 |
|  | Technical reserves for claims |  |  | Technical reserves for premiums (*) |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Life insurance |  |  | 626,871 |  |  |  | 5,599,777 |  |  |  | 6,226,648 |
General insurance |  |  | 484,608 |  |  |  | 513,826 |  |  |  | 998,434 |
Health insurance |  |  | 69,373 |  |  |  | 149,305 |  |  |  | 218,678 |
Total |  |  | 1,180,852 |  |  |  | 6,262,908 |  |  |  | 7,443,760 |
| (*) | At December 31, 2018, the life insurance technical reserves include the mathematical reserves of life annuities amounting to S/4,073.3 million (S/3,514.4 million at December 31, 2017).
Disclosure of detailed information about movement in direct and assumed insurance claim reserves [Text Block] |
|  | Movement of insurance claims reserves (direct and assumed), occurred during the years 2018 and 2017:
|  | 2018 |
|  | Life insurance |  |  | General insurance |  |  | Health insurance |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Beginning balance |  |  | 626,871 |  |  |  | 484,608 |  |  |  | 69,373 |  |  |  | 1,180,852 |
Claims, Note 25 |  |  | 737,982 |  |  |  | 562,440 |  |  |  | 307,182 |  |  |  | 1,607,604 |
Payments |  |  | (635,345 | ) |  |  | (505,069 | ) |  |  | (305,257 | ) |  |  | (1,445,671 | )
Exchange difference |  |  | 3,360 |  |  |  | 20,451 |  |  |  | 74 |  |  |  | 23,885 |
Ending balance |  |  | 732,868 |  |  |  | 562,430 |  |  |  | 71,372 |  |  |  | 1,366,670 |
|  | 2017 |
|  | Life insurance |  |  | General insurance |  |  | Health insurance |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Beginning balance |  |  | 551,516 |  |  |  | 325,748 |  |  |  | 60,733 |  |  |  | 937,997 |
Claims, Note 25 |  |  | 646,026 |  |  |  | 661,108 |  |  |  | 294,557 |  |  |  | 1,601,691 |
Payments |  |  | (569,108 | ) |  |  | (491,108 | ) |  |  | (285,899 | ) |  |  | (1,346,115 | )
Exchange difference |  |  | (1,563 | ) |  |  | (11,140 | ) |  |  | (18 | ) |  |  | (12,721 | )
Ending balance |  |  | 626,871 |  |  |  | 484,608 |  |  |  | 69,373 |  |  |  | 1,180,852 |
Disclosure of detailed information about movement in technical insurance claim reserves [Text Block] |
|  | Technical reserves occurred during the years 2018 and 2017:
|  | 2018 |
|  | Life insurance |  |  | General insurance |  |  | Health insurance |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Beginning balance |  |  | 5,599,777 |  |  |  | 513,826 |  |  |  | 149,305 |  |  |  | 6,262,908 |
Time course expenses and others |  |  | (117,965 | ) |  |  | – |  |  |  | – |  |  |  | (117,965 | )
Unearned premium and other technical reserves variation, net |  |  | 1,901 |  |  |  | 64,302 |  |  |  | 13,146 |  |  |  | 79,349 |
Insurance subscriptions |  |  | 724,458 |  |  |  | – |  |  |  | – |  |  |  | 724,458 |
Exchange difference and others |  |  | 121,341 |  |  |  | 15,810 |  |  |  | 100 |  |  |  | 137,251 |
Ending balance |  |  | 6,329,512 |  |  |  | 593,938 |  |  |  | 162,551 |  |  |  | 7,086,001 |
|  | 2017 |
|  | Life insurance |  |  | General insurance |  |  | Health insurance |  |  | Total |
|  | S/(000) |  |  | S/(000) |  |  | S/(000) |  |  | S/(000) |
Beginning balance |  |  | 5,128,974 |  |  |  | 574,435 |  |  |  | 144,783 |  |  |  | 5,848,192 |
Time course expenses and others |  |  | 77,855 |  |  |  | – |  |  |  | – |  |  |  | 77,855 |
Unearned premium and other technical reserves variation, net |  |  | 127 |  |  |  | (28,992 | ) |  |  | 4,621 |  |  |  | (24,244 | )
Insurance subscriptions |  |  | 491,519 |  |  |  | – |  |  |  | – |  |  |  | 491,519 |
Exchange difference and others |  |  | (98,698 | ) |  |  | (31,617 | ) |  |  | (99 | ) |  |  | (130,414 | )
Ending balance |  |  | 5,599,777 |  |  |  | 513,826 |  |  |  | 149,305 |  |  |  | 6,262,908 |
Disclosure of detailed information about assumptions used in estimation of insurance reserves [Text Block] | At December 31, 2018 and 2017 no additional reserves were needed as a result of the liability adequacy test. The main assumptions used to estimate of retirement, disability and survival annuities and individual life (including Investment link insurance contracts) reserves, as of those dates, are as follows:
|  | At December 31, 2018 |  | At December 31, 2017
Mortality |  | Mortality table |  | Technical rates |  | Mortality table |  | Technical rates
Annuities |  | SPP-S-2017 and SPP-I- 2017 |  | Between 3.81 % - 7.99 % / Between 2.50 % - 5.25 % |  | SPP-S-2017 and SPP-I- 2017 |  | Between 2.90 % - 7.93 % / Between 2.50 % - 5.25 %
Pension insurance – Temporary Regime / SCTR (*) |  | B-85 and MI-85 |  | 3.00% soles VAC |  | B-85 and MI-85 |  | 3.00% soles VAC
Pension insurance – Definitive Regime |  | B-85 and MI-85 |  | 2.96 % soles VAC / 4.40 % nominal dollars |  | B-85 and MI-85 |  | 3.31 % soles VAC / 4.66 % nominal dollars
Pension insurance – Definitive Regime / SCTR |  | B-85 adjusted and MI-85 |  | Between 3.00 %, 2.96 % soles VAC / 4.40 % nominal dollars / 5.82 % soles adjusted / 4.40 % dollars adjusted |  | B-85 adjusted and MI-85 |  | Between 3.00 %, 3.38 % soles VAC / 4.66 % nominal dollars / 6.35 % soles adjusted / 4.66 % dollars adjusted
Pension insurance – Temporary Regime /SCTR (Longevity) |  | SPP-S-2017- and SPP-I-2017 |  | Between 3.7910 %, 3.915 % soles VAC |  | SPP-S-2017- and SPP-I-2017 |  | Between 3.81 %, 3.88 % soles VAC
Individual life |  | CSO 80 adjusted |  | Between 4.00 % - 5.00 % |  | CSO 80 adjusted |  | Between 4.00 % - 5.00 %
| (*) | Complementary Work Risk Insurance (SCTR the Spanish acronym).
Disclosure of detailed information about variations in the claim reserves by changes in interest rates and mortality tables [Text Block] | The Group has evaluated the changes in its most significant reserves related to life insurance contracts included in retirement, disability and survival annuities reserves of +/- 100 bps of the interest rates and of +/- 5 bps of the mortality factors, with the following results:
|  | At December 31, 2018 |  |  | At December 31, 2017 |
|  |  |  |  | Variation of the reserve |  |  |  |  |  | Variation of the reserve |
Variables |  | Reserve |  |  | Amount |  |  | Percentage |  |  | Reserve |  |  | Amount |  |  | Percentage |
|  | S/(000) |  |  | S/(000) |  |  | % |  |  | S/(000) |  |  | S/(000) |  |  | % |
Portfolio in S/ - Base amount |  |  | 3,163,166 |  |  |  | – |  |  |  | – |  |  |  | 2,682,536 |  |  |  | – |  |  |  | – |
Changes in interest rates: + 100 bps |  |  | 2,869,164 |  |  |  | (294,001 | ) |  |  | (9.29 | ) |  |  | 2,428,338 |  |  |  | (254,198 | ) |  |  | (9.48 | )
Changes in interest rates: - 100 bps |  |  | 3,520,992 |  |  |  | 357,827 |  |  |  | 11.31 |  |  |  | 2,993,483 |  |  |  | 310,948 |  |  |  | 11.59 |
Changes in Mortality tables to 105% |  |  | 3,141,047 |  |  |  | (22,118 | ) |  |  | (0.70 | ) |  |  | 2,660,474 |  |  |  | (22,062 | ) |  |  | (0.82 | )
Changes in Mortality tables to 95% |  |  | 3,186,369 |  |  |  | 23,203 |  |  |  | 0.73 |  |  |  | 2,705,711 |  |  |  | 23,176 |  |  |  | 0.86 |
Portfolio in US$ - Base amount |  |  | 518,160 |  |  |  | – |  |  |  | – |  |  |  | 519,317 |  |  |  | – |  |  |  | – |
Changes in interest rates: + 100 bps |  |  | 473,054 |  |  |  | (45,106 | ) |  |  | (8.70 | ) |  |  | 473,067 |  |  |  | (46,250 | ) |  |  | (8.91 | )
Changes in interest rates: - 100 bps |  |  | 571,943 |  |  |  | 53,783 |  |  |  | 10.38 |  |  |  | 574,664 |  |  |  | 55,347 |  |  |  | 10.66 |
Changes in Mortality tables to 105% |  |  | 512,875 |  |  |  | (5,285 | ) |  |  | (1.02 | ) |  |  | 514,091 |  |  |  | (5,226 | ) |  |  | (1.01 | )
Changes in Mortality tables to 95% |  |  | 523,707 |  |  |  | 5,547 |  |  |  | 1.07 |  |  |  | 524,801 |  |  |  | 5,484 |  |  |  | 1.06 |

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