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Life insurance sector market penetration rate in Spain 2005-2019

The market penetration ratio for life insurance in Spain prospered throughout the years 2007 and 2009, then fluctuated notably until it peaked at 2.78 percent in 2016. After this year penetration rate plummeted and in 2019 it recorded the second lowest figure of the analyzed period, 2.21 percent.

Market penetration rate in the 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 this report.

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

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