...Peru's Insurance Market Leader: Rimac Internacional Compa±fa de Seguros y Reaseguros (Rimac), maintains a sound leadership within the Peruvian insurance market, holding a solid market share of 32% of gross written premiums (GWP), 40% in non-life and health lines, and 24% in the life segment, as of Sept. 30, 2014. Fitch Ratings positively values Rimac's well- diversified GWP, which strengthens its strong market position. Effective Equity Surpasses Regulatory Requirements: Rimac's leverage reached 5.2x in September 2014, similar to 2013's ratio, though above 2009¡2012, when leverage ratios were below 4.0x. Rimac maintains an effective equity of PEN941 million, which exceeds the regulatory equity requirement of 1.04x. Increased Premiums Improve Combined Ratio: Rimac's GWP grew 12.8% as of September 2014, compared with industry growth of 11.5%. The increased premiums were complemented by a higher underwriting efficiency (administrative and acquisition costs), resulting in a lower combined ratio...
