NET PREMIUMS EARNED (Tables)

12 Months Ended

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).