NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS

12 Months Ended

Dec. 31, 2021

NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS [Abstract]

NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS

26 NET CLAIMS INCURRED FOR LIFE, GENERAL AND HEALTH INSURANCE CONTRACTS

This item consists of the following:

	2021
	Life insurance			General insurance			Health insurance			Total
	S/(000)			S/(000)			S/(000)			S/(000)
Gross claims, Note 16(b)		2,183,789			375,162			325,307			2,884,258
Ceded claims, Note 9(b)		(406,494	)		(120,546	)		(15,301	)		(542,341	)
Net insurance claims		1,777,295			254,616			310,006			2,341,917

	2020
	Life insurance			General insurance			Health insurance			Total
	S/(000)			S/(000)			S/(000)			S/(000)
Gross claims, Note 16(b)		1,383,344			326,183			281,627			1,991,154
Ceded claims, Note 9(b)		(138,573	)		(131,444	)		(13,024	)		(283,041	)
Net insurance claims		1,244,771			194,739			268,603			1,708,113

	2019
	Life insurance			General insurance			Health insurance			Total
	S/(000)			S/(000)			S/(000)			S/(000)
Gross claims		1,001,671			524,142			326,980			1,852,793
Ceded claims, Note 9(b)		(100,432	)		(208,761	)		(12,182	)		(321,375	)
Net insurance claims		901,239			315,381			314,798			1,531,418

As of December 31, 2021, the restrictions established by the government in relation to circulation and capacity in commercial activities began to be less rigid, which led to a gradual increase in claims in the general insurance business, but without reaching pre-pandemic levels, mainly in the Auto lines and in the Mandatory Traffic Accident Insurance (“SOAT” by its acronym in Spanish).