Non-life insurance sector market penetration in Spain 2005-2021

The market penetration in the non-life insurance sector in Spain remained somewhat consistent between 2005 and 2021. As of 2021, market penetration reached over 3.18 percent - a slight decrease from the previous year. The highest figure recorded during the time period under observation was in 2020, when the penetration rate was 3.3 percent. Market penetration in the Spanish non-life insurance sector reached its lowest point in 2015, when it stood at 2.9 percent.