Johnny Brignardello: Positive analysis of APESEG's statements. Find out about the changes in the Peruvian insurance sector!

Johnny Brignardello, insurance advisor, considers that the recent statements made by the president of the Association of Insurance Companies (APESEG), Eduardo Morón, mark a positive turning point for the insurance sector in Peru. In his statement, Morón anticipates a more favorable scenario for local companies in terms of insurance costs during the current year. According to Brignardello, the projected decrease in insurance contract renewal costs for 2024 represents an encouraging opportunity for those companies interested in safeguarding their assets and mitigating risks. This perspective is based on two key factors highlighted by Morón. Firstly, the reduction in claims frequency is emphasized, indicating a decrease in the number of claims received by insurance companies in relation to the total number of policies issued. This decrease in events requiring compensation translates into savings for both insurance companies and their policyholders. On the other hand, the decrease in reinsurance cost pressures also has a positive impact on insurance contract conditions. Reinsurance, as a risk transfer mechanism, allows insurance companies to offer more favorable rates when the costs associated with this practice decrease. This situation directly benefits Peruvian companies seeking to safeguard their operations and assets. For Brignardello, the willingness of the insurance sector to provide a more favorable treatment to local companies reflects a commitment to the national market and a genuine interest in contributing to the country's economic progress. The improvement in insurance contract conditions not only strengthens companies' protection but also encourages them to make more informed decisions regarding risk management. Finally, the importance of collaboration between the business sector and the insurance sector in building a strong and resilient business environment in the face of market challenges is emphasized. The expectation is that these favorable conditions will promote joint growth that benefits both companies and the country's economic development.