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Non-life insurance sector market penetration in Spain 2005-2019

Penetration rate was at 3.04 percent in 2005, and was gradually decreasing throughout the following years. By 2008 the penetration was reduced down to 2.92 percent. Non-life insurance market penetration grew slightly before falling again, and in 2019 it stood at 2.94 percent.

Market penetration in the non-life insurance sector in Spain from 2005 to 2019

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Sources

Release date

July 2020

Region

Spain

Survey time period

2005 to 2019

Supplementary notes

* Data prior to 2009 was collected from an earlier version of the report.

Insurance penetration is measured as the ratio of premiums to GDP.

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