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ACCOUNTS RECEIVABLE AND PAYABLE FROM INSURANCE CONTRACTS (Tables)
12 Months Ended
Dec. 31, 2017
Disclosure Of insurance contracts explanatory [Abstract]  
Disclosure of amounts arising from insurance contracts [text block]
b)
The movements of the captions “Accounts receivable and payable to reinsurers and coinsurers” are as follows:
 
Accounts receivable:
 
 
 
2017
 
2016
 
2015
 
 
 
S/(000)
 
S/(000)
 
S/(000)
 
 
 
 
 
 
 
 
 
 
 
 
Balances at the beginning of the period
 
 
454,187
 
 
457,189
 
 
468,137
 
Reported claims of premiums ceded, Note 24
 
 
483,387
 
 
145,498
 
 
119,894
 
Premiums ceded unearned during the year, Note 23(a)(**)
 
 
21,192
 
 
(9,139)
 
 
6,835
 
Premiums assumed
 
 
246,205
 
 
72,448
 
 
180,321
 
Settled claims of premiums ceded by facultative contracts
 
 
(231,298)
 
 
(90,550)
 
 
(125,156)
 
Collections and others, net
 
 
(257,978)
 
 
(121,259)
 
 
(192,842)
 
Balances at the end of the period
 
 
715,695
 
 
454,187
 
 
457,189
 
 
Accounts receivable as of December 31, 2017 and 2016, include S/151.6 million and S/139.4 million, respectively, which correspond to the unearned portion of the premiums ceded to the reinsurers.
 
Accounts Payable:
 
 
 
2017
 
2016
 
2015
 
 
 
S/(000)
 
S/(000)
 
S/(000)
 
 
 
 
 
 
 
 
 
 
 
 
Balances at the beginning of the period
 
 
233,892
 
 
241,847
 
 
220,910
 
Premiums ceded for automatic contracts (mainly excess of loss), Note 23(a)(**)
 
 
257,617
 
 
201,892
 
 
145,618
 
Premiums ceded to reinsurers in facultative contracts, Note 23(a)(**)
 
 
263,378
 
 
292,555
 
 
331,329
 
Coinsurance granted
 
 
5,925
 
 
5,965
 
 
5,999
 
Payments and other, net
 
 
(525,627)
 
 
(508,367)
 
 
(462,009)
 
Balances at the end of the period
 
 
235,185
 
 
233,892
 
 
241,847