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Spain Insurance Q1 2018

Spain Insurance Q1 2018

BMI View: Spain's insurance market is feeling the impact of pent-up demand as consumer and business sentiment continue to strengthen in the wake of the country's economic crisis. We expect to see healthy levels of growth in a number of key consumer lines, most notably the life and health insurance segments, while an improving business climate will boost the credit/financial guarantee segment and other corporate lines. A relatively low level of penetration compared with other Western European markets will further incentivise investors who will be attracted by the fragmented nature of the insurance competitive landscape and the lack of clear leaders. However, with unemployment still just below 20%, the fragility of the country's economic recovery presents considerable downside risks.


BMI Industry View
Table: Headline Insurance Forecasts (Spain 2014-2021)
SWOT
Insurance
Industry Forecast
Life Premiums Forecast
Table: Life Premiums (Spain 2014-2021)
Table: Life Insurance Claims (Spain 2009-2015)
Non-Life Premiums Forecast
Table: Non-Life Premiums (Spain 2014-2021)
Table: Non-Life Insurance Claims (Spain 2010-2015)
Non-Life Sub-Sector Forecast
Table: Non-Life Insurance Premiums by Product Line (Spain 2014-2021)
Industry Risk/Reward Index
Developed States Insurance Risk/Reward Index
Table: Developed States Insurance Risk/Reward Index, Q1 2018
Market Overview
Life Market Overview
Product Offering
Competitive Landscape
Table: Life Insurance Market Shares (USDmn), 2012-2015
Non-Life Market Overview
Product Offering
Competitive Landscape
Table: Non-Life Market Shares (USDmn), 2012-2015
Company Profile
Aviva
MAPFRE
Mutua MadrileÀa
Santander Seguros
Methodology
Industry Forecast Methodology
Sector-Specific Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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