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
How much will Spain Insurance Market grow to 2026?
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