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Non-Life Insurance in Spain, Key Trends and Opportunities to 2020

Non-Life Insurance in Spain, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Spain, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Spanish non-life insurance segment, and a comparison of the Spanish insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Spanish economy and demographics, explains the various types of natural hazard and their impact on the Spanish insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Non-Life Insurance in Spain, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Spanish non-life insurance segment, including:

  • The Spanish non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Spanish economy and demographics
  • A comparison of the Spanish non-life insurance segment with its regional counterparts
  • The various distribution channels in the Spanish non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Spanish insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Spain
  • Details of regulatory policy applicable to the Spanish insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Spain:
  • It provides historical values for the Spanish non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Spanish non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Spanish non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Spain.
  • It analyzes various natural hazards and their impact on the Spanish insurance industry
  • It profiles the top non-life insurance companies in Spain, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Spanish non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Spanish non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Spanish insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Non-life insurance is the second-largest segment in the Spanish insurance industry, representing 38.5% of the country’s overall gross written premium in 2015.
  • The Spanish non-life segment is moderately concentrated, with the 10 leading insurers accounting for 55.4% of the total non-life direct written premium in 2015.
  • The rise of low-cost carriers has brought a new wave of tourism to Spain, and contributed to the development of domestic tourism.
  • The Spanish construction industry is expected to improve slowly over the forecast period, supported by economic recovery and increased foreign investments.
  • Telematics, or usage-based insurance, is an upcoming global technological development. It is used by motor insurers to measure a motorist’s driving behavior.


  • Key Facts and Highlights
    • Table Spanish Non-Life Insurance - Key Facts, 2015
    • Table Spanish Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Spanish Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Spanish Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Non-Life Insurance - Penetration (%), 2011-2015
        • Table Spanish Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table Spanish Non-Life Insurance - Penetration (%), 2015-2020
        • Table Spanish Non-Life Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table Spanish Non-Life Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Policies sold
        • Table Spanish Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Spanish Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Spanish Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Spanish Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Spanish Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Assets and investments
        • Table Spanish Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
        • Table Spanish Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
        • Table Spanish Non-Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
        • Table Spanish Non-Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
  • Outlook by Category
    • Table Spanish Non-Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
    • Table Spanish Non-Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
    • Property Insurance
      • Product overview
      • Premium
        • Table Spanish Property Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2011-2015
        • Table Spanish Property Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2015-2020
      • Policies sold
        • Table Spanish Property Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Spanish Property Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Spanish Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Spanish Property Insurance - Loss Ratio (%), 2011-2015
        • Table Spanish Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Spanish Motor Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2011-2015
        • Table Spanish Motor Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2015-2020
      • Policies sold
        • Table Spanish Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Spanish Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Spanish Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Spanish Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Spanish Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Spanish Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Spanish Liability Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Spanish Liability Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Policies sold
        • Table Spanish Liability Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Spanish Liability Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Spanish Liability Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Spanish Liability Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Spanish Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Spanish Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Spanish Transport Network - Global Rankings
      • Premium
        • Table Spanish Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (EUR Million), 2011-2015
        • Table Spanish Marine, Aviation and Transit Insurance - Direct Written Premium by Sub- Category (EUR Million), 2015-2020
      • Policies sold
        • Table Spanish Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Spanish Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Spanish Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Spanish Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Spanish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Spanish Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Spanish Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2011-2015
      • Table Spanish Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2015-2020
      • Table Spanish Non-Life Insurance - Percentage of Direct Written Premium, by Distribution Channel, 2011-2020
      • Agencies
      • Brokers
      • Direct marketing
      • Bancassurance
      • E-commerce
  • Natural Hazards
    • Flooding
    • Storms
    • Exposure
  • Competitive Landscape
    • Table Spanish Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Mapfre Familiar - company overview
        • Table Mapfre Familiar - Key Facts
        • Table Mapfre Familiar - Key Financials (EUR Million), 2011-2014
      • Segurcaixa Adeslas - company overview
        • Table Segurcaixa Adeslas - Key Facts
        • Table Segurcaixa Adeslas - Key Financials (EUR Million), 2011-2014
      • Allianz Seguros - company overview
        • Table Allianz Seguros - Key Facts
        • Table Allianz Seguros - Key Financials (EUR Million), 2011-2014
      • Axa Seguros Generales - company overview
        • Table Axa Seguros Generales - Key Facts
        • Table Axa Seguros Generales - Key Financials (EUR Million), 2011-2014
      • Generali Seguros - company overview
        • Table Generali Seguros - Key Facts
        • Table Generali Seguros - Key Financials (EUR Million), 2011-2014
  • Governance, Risk and Compliance
    • Table Spain - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Spain - Life Insurance Regulatory Framework
      • Property insurance
        • Table Spain - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Spain - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Spain - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Marine liability insurance
      • Marine passenger liability insurance
      • Social insurance system
      • Air carriers and aircraft operators insurance
        • Table Spain - Minimum Coverage for Aircraft Third-Party Liability per Accident Per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Liability for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Directorate General of Insurance and Pension Funds
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Spain - Insurance Premium Taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Spain - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Spanish Insurance Industry - Policies and Premium, 2011-2015
      • Table Spanish Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Spanish Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Spanish Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Spanish Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Spanish Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Spanish Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Spanish Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Spanish Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Spanish Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Spanish Non-Life Insurance - Bancassurance and Other Distribution, 2011-2015
      • Table Spanish Non-Life Insurance - Bancassurance and Other Distribution, 2015-2020
    • Property Insurance
      • Table Spanish Non-Life Insurance - Property Insurance, 2011-2015
      • Table Spanish Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Spanish Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Spanish Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Spanish Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Spanish Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Spanish Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Spanish Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Spanish Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Spanish Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Spanish Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Spanish Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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