Peru SBS permits AFPs and insurers to sell third-party products

The Superintendencia de Banca, Seguros y AFP (SBS) of Peru has issued Resolution SBS N. 02645-2026, allowing certain financial entities to expand their service offerings. Under the new regulation, pension fund administrators (AFPs) are permitted to promote and facilitate the contracting of insurance policies from insurance companies, provided a formal contract exists between the entities.

Additionally, insurance companies may now market third-party financial products and services, such as banking services, mutual fund distributions, or products related to the Private Pension System. Investment banks and bancaseguros also have an expanded list of insurance products they can sell, including health, vehicle, and SOAT insurance.

However, the regulation explicitly prohibits these entities from commercializing crypto-assets or other virtual asset modalities through these channels, unless specifically authorized by the SBS through separate provisions.