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Spain Insurance Industry Outlook 2022 - 2026

See how Spain Insurance performed compared to key markets such as the United States, the United Kingdom and Japan.

Key Market Indicators

In 2021, Spain was in 10th place, Canada was in first with €10,190 Million. The UK, Japan and Germany were placed second, third and fourth respectively. By 2026, Spanish Gross Written Premium is expected to reach €71.9 Billion, up from €69.4 Billion in 2021. This represents an increase of 0.1% year-on-year, according to a Compound Annual Growth Rate (CAGR). Since 1988, Spain has seen a 1.2% year-on-year decline in premiums. Canada took the top spot in 2021 with €69.4 Billion, followed by the U.K., Japan and Germany in second, third and fourth place respectively. Insurance Spending in Spain is forecast to reach €10.5 Billion in 2026, up from €10.2 Billion in 2021. This indicates a 0.2% CAGR year-on-year. Since 2000, Spain has experienced a 0.7% year-on-year decrease in demand. In 2021, Spain placed 10th, while Canada came first with €10.2 Billion. The U.K., Japan and Germany trailed in second, third and fourth place respectively.

Spain Insurance Market Data and Forecasts

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