...Strong Position in Peru: RIMAC Seguros y Reaseguros is Peru's largest insurance company, with a solid leadership position despite intense competition in the country and the entrance of new insurers in recent years. RIMAC's market share remained stable and reached 31.5% of total insurance premiums and 43.2% of the total healthcare provider premiums, or Entidad Prestadora de Salud (EPS), as of December 2016. Annuities Suffer Decline: Similar to Peru's insurance industry, RIMAC's growth was negatively affected by regulatory changes, which made traditional retirement lines less competitive. Gross written premiums (GWP) declined 4.6% as of December 2016. This was slightly offset by growth in the company's healthcare subsidiary, RIMAC EPS, leading to a 2.9% decline in overall premiums. RIMAC's premiums remain diversified and adequately balanced, exhibiting high adaptability. Stable Profitability: Insurance continues to be RIMAC's main profit generator, exhibiting stable profitability despite...
