Penetration in the multi-risk insurance sector in Spain 2005-2022
The penetration rate in the multi-risk insurance sector in Spain increased overall from 2005 to 2022, albeit with some fluctuation. During the period under observation, the rate of penetration in this insurance sector climbed steadily from 0.5 percent in 2005 to 0.64 percent in 2012 and 2013. The penetration rate declined slightly in the following years, before reaching a plateau of 0.6 percent from 2016 to 2019. In 2022, the penetration rate in the sector of multi-risk insurance had increased substantially to reach 0.65 percent.