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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Spanish non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Spain's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Spain non-life (P&C) market as well as trends by line of business. Axco analysts also report on Spain's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Spain's insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Spain, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Spain, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Spain with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
The Spanish insurance market in 2019 ranked 14 amongst 180 countries listed by Axco Global Statistics for all classes' premiums, between Hong Kong and Australia. It ranked 11 for non-life business, behind Germany, France and Italy in Continental Europe and ahead of Brazil.
After five consecutive years of declining non-life (excluding PA and healthcare) premium income, growth has been positive since 2015, albeit largely low single-digit in nature, with the three years ending 2019 ....
This is a brief extract of information; more updated information may be available in the latest published report.