Insurance Brokers in Peru - Top 10 Growth Ranking
by operative revenue as of December 2025 vs December 2024 (market share %)
The structure of insurance distribution channels in Peru continued to show a high level of concentration in 2025, with large brokerage firms reinforcing their market positioning while selected players achieved notable gains in market participation. According to the 2026 edition of RankingsLatAm's market research, which analyzes detailed information from more than 300 insurance brokers between 2011 and 2025 with projections for 2026, the broker segment recorded total operating revenues of PEN 1,098.4 million during 2025, representing annual growth of 3.8% compared to 2024.
Despite the expansion in revenues, profitability experienced significant pressure, with aggregate net income declining 34% year-on-year to PEN 100.5 million. The divergence between revenue growth and earnings performance suggests that growth in commercial activity was not translated proportionally into bottom-line results across the sector.
The behavior of market share gains reveals that competitive dynamics were not solely driven by the largest brokerage groups, but also by firms able to strengthen their commercial penetration and capture incremental business volumes. DETEC S.A. ASESORES Y CORREDORES DE SEGUROS recorded the strongest increase in market share, adding 0.85 percentage points of total market volume. The company was followed by ARTHUR J. GALLAGHER PERU CORREDORES DE SEGUROS S.A., which expanded its participation by 0.68 percentage points, while ARIAS & ASOCIADOS CORREDORES DE SEGUROS S.A.C. gained 0.49 percentage points. Additional notable advances were registered by CRR CORREDORES DE SEGUROS SOCIEDAD ANONIMA CERRADA, with a gain of 0.33 percentage points, and CORREDORES DE SEGUROS FALABELLA S.A.C., which increased its market participation by 0.32 percentage points. The scale of these gains indicates an active redistribution process within the intermediary market, where certain firms achieved measurable improvements in positioning despite the already consolidated nature of the sector.
Measured by billing volume, market leadership remained concentrated among large players with extensive commercial networks and established relationships across insurance lines. MARSH PERU S.A.C. CORREDORES DE SEGUROS maintained the leading position in terms of total billing volume. The company was followed by HOWDEN PERU CORREDORES DE SEGUROS S.A., ARTHUR J. GALLAGHER PERU CORREDORES DE SEGUROS S.A., CORREDORES DE SEGUROS FALABELLA S.A.C., and CONSEJEROS Y CORREDORES DE SEGUROS S.A.. Together, these five brokerage firms accounted for 45.56% of the total billing volume generated by more than 300 analyzed brokers, illustrating the significant concentration of intermediary activity in Peru and the strong weight exercised by a limited number of distribution participants.
Profitability rankings present a slightly different competitive picture compared to volume leadership. CORREDORES DE SEGUROS FALABELLA S.A.C. achieved the highest net income among the analyzed brokers, reaching PEN 9.6 million. The company was closely followed by MARSH PERU S.A.C. CORREDORES DE SEGUROS, with PEN 9.2 million, while CONSEJEROS Y CORREDORES DE SEGUROS S.A. generated PEN 8.8 million. DETEC S.A. ASESORES Y CORREDORES DE SEGUROS recorded PEN 7.2 million in net income, while ATERNA CORREDORES DE SEGUROS S.A. reached PEN 4.5 million. The comparison between billing leadership and profitability rankings indicates that market scale alone did not fully determine financial performance, as firms with lower relative market size also achieved strong earnings generation.
Overall, the 2025 performance of insurance brokerage channels in Peru reflected a market where revenue growth remained positive but where profitability conditions became more challenging. At the same time, market share movements and profitability outcomes demonstrate that competitive advantages were distributed beyond traditional volume leadership, creating a more dynamic landscape among insurance intermediaries.