Insurance companies are controlled through the Superintendency of Banks and Insurance of the Ministry of Finance. According to a law of 1952, branches controlled by foreign insurance companies may not be established in Peru, although foreign insurers may operate through Peruvian subsidiaries in which they hold only minority interest. A majority of stockholders and directors of locally incorporated stock companies must be Peruvian nationals. The National Bank assumes exclusive control of all foreign reinsurance operations, as well as the writing of export credit insurance. In 2001, US $571 million in direct premiums were written, with US $363 million of the total comprised of nonlife and US $208 million of the total comprised of life insurance.
i am doing survey for my client. i would therefore like to know a list ocf insurance companies in Peru which i could approach for fronting. i will also love to know the requirements and all cost to front in peru.