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Spain Insurance Q4 2019

Spain Insurance Q4 2019

Key View:

Two major trends are underway in Spain’s insurance sector. One is the continuing advance of life insurance as a majorconduit for organised savings. This is partly due to low interest rates on bank deposits and the mixed performance of real estate overrecent years. It is also due to innovations and efforts by the life insurers to promote their products. The second theme is thecomparatively strong growth in motor vehicle insurance, which accounts for around one third of non-life premiums. This is due tohigher volumes, higher values of insured vehicles and higher prices. However, price competition in the important property andhealth insurance sub-sectors will likely mean that non-life insurance premiums rise more slowly than nominal GDP.

Key View
Insurance SWOT
Industry Forecast
Life Premiums Forecast
Non-Life Premiums Forecast
Non-Life Sub-Sector Forecast
Industry Risk/Reward Index
Developed States Insurance Risk/Reward Index
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Mutua Madrileña
Santander Seguros
Insurance Methodology

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