Key Market Indicators
Spanish insurance spending is projected to hit €15 billion by 2028, up from €14 billion in 2023. This marks an average annual growth rate of 1.5%. Since 2000, the demand for insurance in Spain has increased at an average rate of 3.7% per year. In terms of Gross Written Premium, Spain is expected to reach nearly $83 billion by 2028, compared to $76 billion in 2023. This represents an average annual growth rate of 1.3%. However, since 1988, the supply of gross written premiums in Spain has decreased by an average of 0.6% per year. In 2023, Spain ranked sixth in global Gross Written Premiums. Canada surpassed Spain with $76 billion in premiums. The United Kingdom, Germany, and the Netherlands secured the second, third, and fourth positions, respectively.
Latest reports
Spain Insurance Market Report- Q4 2024
The fourth quarter of 2024 presented significant developments in the Spain insurance market, reflecting broader economic trends and sector-specific shifts. This summary focuses...
