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Peruvian insurance authority approves regulation on parametric insurance

Published

1 October 2026

Topic

regulatory

◆ Sectors

Insurtech

◆ Geography

Peru

◆ Source

Read at dlapiper.com →

◆ Verified

Fusion42 · 1 October 2026 · Fusion42 review

Peru's Superintendency of Banking, Insurance, and Pension Fund Administrators (SBS) has enacted new regulation on parametric insurance that sets strict deadlines for claims, requires transparent methodologies for trigger parameters, mandates basis risk documentation, and restricts distribution channels to direct sales through brokers and bancassurance marketers. Existing parametric insurance products must comply with the new rules by March 2027.

This Wire brief sits within Fusion42's coverage of Insurtech.

◆ ◆ The Wire takeaway

You must update your parametric insurance products to meet Peru's strict new deadlines and transparency rules by March 2027. This opens opportunities to serve institutional policyholders directly and demands clear communication of basis risk and dispute mechanisms.

◆ Coverage

1 source · 1 Oct 2026

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◆ Topics

Insurtechparametric-insuranceinsurance-regulationclaims-processingbasis-riskdistribution-restrictionslatin-america