Market Research Logo

Life Insurance in Spain

Life Insurance in Spain

Summary

Life Insurance in Spain industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Essential resource for top-line data and analysis covering the Spain life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2017 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.
The Spanish life insurance market had total gross written premiums of $35.2bn in 2017, representing a compound annual growth rate (CAGR) of 5.8% between 2013 and 2017.
The life insurance segment was the market's most lucrative in 2017, with total gross written premiums of $33.5bn, equivalent to 95.1% of the market's overall value.
Spain’s consumer savings has declined historically though, from 3.8% of household disposable income in 2013 to 1.7% in 2017. The dip in 2017 was also prompted by the low interest rate environment, which not only decreased insurer investment income but also made life insurance products less attractive.

Scope

  • Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Spain
  • Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Spain
  • Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
  • Add weight to presentations and pitches by understanding the future growth prospects of the Spain life insurance market with five year forecasts
Reasons to buy
  • What was the size of the Spain life insurance market by value in 2017?
  • What will be the size of the Spain life insurance market in 2022?
  • What factors are affecting the strength of competition in the Spain life insurance market?
  • How has the market performed over the last five years?
  • Who are the top competitiors in Spain's life insurance market?


Executive Summary
Market value
Market value forecast
Category segmentation
Geography segmentation
Market share
Market rivalry
Market Overview
Market definition
Market analysis
Market Data
Market value
Market Segmentation
Category segmentation
Geography segmentation
Market share
Market Outlook
Market value forecast
Five Forces Analysis
Summary
Buyer power
Supplier power
New entrants
Threat of substitutes
Degree of rivalry
Leading Companies
Mapfre S.A.
Banco Santander SA
VidaCaixa, S.A.U. de Seguros y Reaseguros
Zurich Insurance Group Ltd
Macroeconomic Indicators
Country data
Methodology
Industry associations
Related MarketLine research
Appendix
About MarketLine
List of Tables
Table 1: Spain life insurance market value: $ billion, 2013-
Table 2: Spain life insurance market category segmentation: $ billion,
Table 3: Spain life insurance market geography segmentation: $ billion,
Table 4: Spain life insurance market share: % share, by value,
Table 5: Spain life insurance market value forecast: $ billion, 2017-
Table 6: Mapfre S.A.: key facts
Table 7: Mapfre S.A.: key financials ($)
Table 8: Mapfre S.A.: key financials (€)
Table 9: Mapfre S.A.: key financial ratios
Table 10: Banco Santander SA: key facts
Table 11: Banco Santander SA: key financials ($)
Table 12: Banco Santander SA: key financials (€)
Table 13: Banco Santander SA: key financial ratios
Table 14: VidaCaixa, S.A.U. de Seguros y Reaseguros: key facts
Table 15: Zurich Insurance Group Ltd: key facts
Table 16: Zurich Insurance Group Ltd: key financials ($)
Table 17: Zurich Insurance Group Ltd: key financial ratios
Table 18: Spain size of population (million), 2013-
Table 19: Spain gdp (constant 2005 prices, $ billion), 2013-
Table 20: Spain gdp (current prices, $ billion), 2013-
Table 21: Spain inflation, 2013-
Table 22: Spain consumer price index (absolute), 2013-
Table 23: Spain exchange rate, 2013-
List of Figures
Figure 1: Spain life insurance market value: $ billion, 2013-
Figure 2: Spain life insurance market category segmentation: % share, by value,
Figure 3: Spain life insurance market geography segmentation: % share, by value,
Figure 4: Spain life insurance market share: % share, by value,
Figure 5: Spain life insurance market value forecast: $ billion, 2017-
Figure 6: Forces driving competition in the life insurance market in Spain,
Figure 7: Drivers of buyer power in the life insurance market in Spain,
Figure 8: Drivers of supplier power in the life insurance market in Spain,
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Spain,
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Spain,
Figure 11: Drivers of degree of rivalry in the life insurance market in Spain,
Figure 12: Mapfre S.A.: revenues & profitability
Figure 13: Mapfre S.A.: assets & liabilities
Figure 14: Banco Santander SA: revenues & profitability
Figure 15: Banco Santander SA: assets & liabilities
Figure 16: Zurich Insurance Group Ltd: revenues & profitability
Figure 17: Zurich Insurance Group Ltd: assets & liabilities

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report