Increasing insurance penetration among Peru’s large economy of owner-run business, small farmers and rural households is enjoying renewed government focus, building on the legal framework for microinsurance first introduced in 2007. Distributed through non-insurance channels, the take-up has been growing. The key products have been funeral insurance, sold via utility bills or pharmacies, health microinsurance for low-income populations, sometimes bundled with microcredit, and agricultural index-based insurance for small farmers, a type of parametric cover triggered by rainfall levels. The government is now encouraging a pilot programme of disaster microinsurance in flood-prone and earthquake-prone regions, supported by development banks.