Spain Life Insurance Industry Outlook 2024 - 2028

See how Spain Life Insurance performed compared to key markets such as France, Denmark and Germany.

Key Market Indicators

**Spanish Life Insurance Revenue on Steady Rise, Expected to Hit €29 Billion by 2028** Spanish life insurance revenue is projected to grow steadily, reaching approximately €29 billion by 2028, up from around €28 billion in 2023. This marks an average annual growth rate of 0.5%. Since 2018, the Spanish market has seen a more robust year-on-year growth rate of 2.6%. In 2023, Spain ranked sixth in the European life insurance market, with the United Kingdom leading at €28 billion. Denmark, Germany, and Italy followed in second, third, and fourth places, respectively. **Gross Written Premiums to Decline Slightly** The gross written premium for Spanish life insurance is forecasted to decline slightly, expected to reach $31.73 billion by 2028 from $32.3 billion in 2023. This represents a compound annual growth rate (CAGR) decline of 0.2%. Since 2015, the Spanish market has experienced a modest yearly decline of 0.3% in supply.

Spain Life Insurance Market Data and Forecasts

How much will Spain Life Insurance Market grow to 2028?

Forecast: Life Insurance Gross Premiums by Business Type in Spain
Forecast: Life Insurance Gross Premiums by Business Type in Spain
Forecast: Life Insurance Net Written Premiums by Business Type in Spain
Forecast: Life Insurance Gross Premiums by Business Type in Spain
Forecast: Life Insurance Gross Premiums by Business Type in Spain

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