Gross loss ratio for credit insurance in Spain in 2005-2022
The annual gross loss ratio in credit insurance in Spain fluctuated significantly from 2005 to 2022. In 2022, the credit insurance gross loss ratio was 41.2 - a significant increase of almost 26.7 percent from the previous year. The highest loss ratio recorded during the period under observation was in 2008 when the ratio exceeded 140 percent. The lowest ratio was recorded in 2021 when it dropped below 30 percent.