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ACCOUNTS RECEIVABLE AND PAYABLE FROM INSURANCE CONTRACTS (Tables)
 12 Months Ended
Dec. 31, 2018
Disclosure Of insurance contracts explanatory [Abstract]  
Disclosure of amounts arising from insurance contracts [text block]
 
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