Gross claims ratio in motor insurance in Spain remained somewhat consistent between 2005 and 2019, but proceeded to drop sharply in 2020. Between 2011 and 2014, the accident rate in motor vehicle insurance plateaued at around 77.2 percent, before peaking at 79 percent in 2016. The gross accident rate in vehicle insurance in Spain dropped in the following years, reaching a low point of 64.6 percent as of 2020.
Annual gross loss ratio in automobile insurance in Spain from 2005 to 2020
Values prior to 2010 taken from previous reports.
The gross loss ratio is calculated as follows: (loss ratio (direct + accepted) + variation of other technical provisions + profit sharing and rebates) / gross imputed premiums (direct + accepted).
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Mapfre. (October 1, 2021). Annual gross loss ratio in automobile insurance in Spain from 2005 to 2020 [Graph]. In Statista. Retrieved May 27, 2022, from https://www.statista.com/statistics/774420/accident-rate-gross-in-the-insurance-from-car-in-spain/
Mapfre. "Annual gross loss ratio in automobile insurance in Spain from 2005 to 2020." Chart. October 1, 2021. Statista. Accessed May 27, 2022. https://www.statista.com/statistics/774420/accident-rate-gross-in-the-insurance-from-car-in-spain/
Mapfre. (2021). Annual gross loss ratio in automobile insurance in Spain from 2005 to 2020. Statista. Statista Inc.. Accessed: May 27, 2022. https://www.statista.com/statistics/774420/accident-rate-gross-in-the-insurance-from-car-in-spain/
Mapfre. "Annual Gross Loss Ratio in Automobile Insurance in Spain from 2005 to 2020." Statista, Statista Inc., 1 Oct 2021, https://www.statista.com/statistics/774420/accident-rate-gross-in-the-insurance-from-car-in-spain/
Mapfre, Annual gross loss ratio in automobile insurance in Spain from 2005 to 2020 Statista, https://www.statista.com/statistics/774420/accident-rate-gross-in-the-insurance-from-car-in-spain/ (last visited May 27, 2022)
