Spain General Insurance Market Size, Trends by Line of Business (Personal and Health, Financial Lines, Property, Motor, Marine, Aviation and Transit Insurance, and Miscellaneous), Distribution Channel, Competitive Landscape and Forecast, 2021-2025
The gross written premium for the Spain general insurance industry was EUR37.8 billion ($46.5 billion) in 2021. The market is expected to grow at a CAGR of more than 3% during 2020-25. The Spain general insurance market research report offers a detailed analysis of the key categories in the Spain insurance segment and market forecasts for 2025. The report also provides the profile of top insurance companies in Spain and outlines the key regulations affecting them.
Spain General Insurance Market Overview, 2021 (EUR Billion)
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Spain General Insurance Market Trends
Movistar, a major telecommunications provider launched device insurance that covers accidental damage to televisions, laptops, smartwatches, and game consoles that have been purchased through Movistar’s marketing channels. Device insurance is flexible, as it offers Movistar customers the possibility of choosing the coverage that most pertains to them. The user has the basic mode for accidental damage such as screen breakage or liquid damage, among others, to which they can add other extras such as theft, theft of the device with violence or intimidation, or the change of device in the event of damage for another equal to or with the same characteristics.
Euskaltel SA launched its new service, ‘We take care of your screen’, as an innovative response to one of the main problems of cell phone users; accidental breakage of their screens. With this solution, the Euskaltel SA customers will be able to contract this service from EUR1 per month.
Spain General Insurance Industry Segmentation by Line of Business (LoB)
The key line of business in the Spain general insurance market are motor, property, liability, financial lines, MAT, personal accident and health (PA&H), and miscellaneous. Motor accounted for the largest share of Spain’s general insurance market in 2020 in gross written premiums.
Spain General Insurance Industry Analysis, By Line of Business (LoB), 2020 (%)
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Competitive Landscape
The key competitors in the Spain general insurance industry are Mapfre Espana Compania De Seguros Y Reaseguros, SA, Segurcaixa Adeslas, Sociedad Anonima De Seguros Y Reaseguros, Allianz, Compania De Seguros Y Reaseguros SA, AXA Seguros Generales, SA De Seguros Y Reaseguros, Generali Espana, Sociedad Anonima De Seguros Y Reaseguros, Sanitas, Sociedad Anonima De Seguros, Mutua Madrilena Automovilista, Sociedad De Seguros A Prima Fija, Atradius Credito Y Caucion SA De Seguros Y Reaseguros (Spain), Asisa, Asistencia Sanitaria Interprovincial De Seguros, SA, and Santa Lucia, Sa, Compania De Seguros Y Reaseguros. Mapfre Espana Compania De Seguros Y Reaseguros had the largest market share in terms of gross written premiums in 2020.
Spain General Insurance Industry Analysis, Key Competitors, 2020 (%)
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Spain General Insurance Industry Overview
| Market Size 2021 | EUR37.8 billion ($46.5 billion) |
| CAGR % (2020-2025) | >3% |
| Forecast Period | 2022-2025 |
| Key LoB | Motor, Property, Liability, Financial Lines, MAT, Personal Accident and Health (PA&H), and Miscellaneous |
| Leading Competitors | Mapfre Espana Compania De Seguros Y Reaseguros, SA, Segurcaixa Adeslas, Sociedad Anonima De Seguros Y Reaseguros, Allianz, Compania De Seguros Y Reaseguros SA, AXA Seguros Generales, SA De Seguros Y Reaseguros, Generali Espana, Sociedad Anonima De Seguros Y Reaseguros, Sanitas, Sociedad Anonima De Seguros, Mutua Madrilena Automovilista, Sociedad De Seguros A Prima Fija, Atradius Credito Y Caucion SA De Seguros Y Reaseguros (Spain), Asisa, Asistencia Sanitaria Interprovincial De Seguros, SA, and Santa Lucia, Sa, Compania De Seguros Y Reaseguros |
Segments Covered in the Report
Spain General Insurance Industry Lines of Business Outlook (Value, EUR Billion, 2020-2025)
- Motor
- Property
- Liability
- Financial Lines
- MAT
- Personal Accident and Health (PA&H)
- Miscellaneous
Scope
- This report provides a comprehensive analysis of the general insurance segment in Spain
- It provides historical values for the Spain general insurance segment for the report’s 2016-2020 review period and projected figures for the 2020-2025 forecast period.
- It profiles the top general insurance companies in Spain and outlines the key regulations affecting them.
Reasons to Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Spain general insurance segment.
- Understand the demand-side dynamics, key market trends, and growth opportunities in the Spain general insurance segment.
- Assess the competitive dynamics in the general insurance segment.
- Identify growth opportunities and market dynamics in key product categories.
Key Players
Table of Contents
Frequently Asked Questions
The market size of the general insurance industry in Spain was EUR37.8 billion ($46.5 billion) in 2021.
The Spain general insurance industry is expected to grow at a CAGR of more than 3% during 2020-2025.
The key segments in the Spain general insurance industry by LoB are motor, property, liability, financial lines, MAT, personal accident and health (PA&H), and miscellaneous.
The key competitors in the Spain general insurance industry are Mapfre Espana Compania De Seguros Y Reaseguros, SA, Segurcaixa Adeslas, Sociedad Anonima De Seguros Y Reaseguros, Allianz, Compania De Seguros Y Reaseguros SA, AXA Seguros Generales, SA De Seguros Y Reaseguros, Generali Espana, Sociedad Anonima De Seguros Y Reaseguros, Sanitas, Sociedad Anonima De Seguros, Mutua Madrilena Automovilista, Sociedad De Seguros A Prima Fija, Atradius Credito Y Caucion SA De Seguros Y Reaseguros (Spain), Asisa, Asistencia Sanitaria Interprovincial De Seguros, SA, and Santa Lucia, Sa, Compania De Seguros Y Reaseguros.
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