Summary
Non-Life Insurance in Spain industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2013-17, and forecast to 2022). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2017 annual average exchange rates.
- The Spanish non-life insurance market had total gross written premiums of $37.3bn in 2017, representing a compound annual growth rate (CAGR) of 3.6% between 2013 and 2017.
- The motor segment was the market's most lucrative in 2017, with total gross written premiums of $12.0bn, equivalent to 32.3% of the market's overall value.
- The recovery of the Spanish economy served as a catalyst to stimulate demand in the market. The recovery of demand for motor insurance products in 2016 significantly contributed to market growth. Growth has been further supported by increasing demand for health insurance in recent years.
Scope
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Spain
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Spain
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Spain non-life insurance market with five year forecasts
Reasons to buy
- What was the size of the Spain non-life insurance market by value in 2017?
- What will be the size of the Spain non-life insurance market in 2022?
- What factors are affecting the strength of competition in the Spain non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitiors in Spain's non-life insurance market?
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Table of Contents
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 9
Market value 9
Market Segmentation 10
Category segmentation 10
Geography segmentation 11
Market share 12
Market Outlook 13
Market value forecast 13
Five Forces Analysis 14
Summary 14
Buyer power 15
Supplier power 17
New entrants 19
Threat of substitutes 21
Degree of rivalry 22
Leading Companies 24
Allianz Group 24
Mapfre S.A. 28
Grupo Mutua Madrileña 32
Grupo Catalana Occidente, S.A. 33
Macroeconomic Indicators 37
Country data 37
Methodology 39
Industry associations 40
Related MarketLine research 40
Appendix 41
About MarketLine 41
List of Tables
Table 1: Spain non-life insurance market value: $ billion, 2013–17
Table 2: Spain non–life insurance market category segmentation: $ billion, 2017
Table 3: Spain non–life insurance market geography segmentation: $ billion, 2017
Table 4: Spain non-life insurance market share: % share, by value, 2017
Table 5: Spain non-life insurance market value forecast: $ billion, 2017–22
Table 6: Allianz Group: key facts
Table 7: Allianz Group: key financials ($)
Table 8: Allianz Group: key financials (€)
Table 9: Allianz Group: key financial ratios
Table 10: Mapfre S.A.: key facts
Table 11: Mapfre S.A.: key financials ($)
Table 12: Mapfre S.A.: key financials (€)
Table 13: Mapfre S.A.: key financial ratios
Table 14: Grupo Mutua Madrileña: key facts
Table 15: Grupo Catalana Occidente, S.A.: key facts
Table 16: Grupo Catalana Occidente, S.A.: key financials ($)
Table 17: Grupo Catalana Occidente, S.A.: key financials (€)
Table 18: Grupo Catalana Occidente, S.A.: key financial ratios
Table 19: Spain size of population (million), 2013–17
Table 20: Spain gdp (constant 2005 prices, $ billion), 2013–17
Table 21: Spain gdp (current prices, $ billion), 2013–17
Table 22: Spain inflation, 2013–17
Table 23: Spain consumer price index (absolute), 2013–17
Table 24: Spain exchange rate, 2013–17
List of Figures
Figure 1: Spain non-life insurance market value: $ billion, 2013–17
Figure 2: Spain non–life insurance market category segmentation: % share, by value, 2017
Figure 3: Spain non–life insurance market geography segmentation: % share, by value, 2017
Figure 4: Spain non-life insurance market share: % share, by value, 2017
Figure 5: Spain non-life insurance market value forecast: $ billion, 2017–22
Figure 6: Forces driving competition in the non-life insurance market in Spain, 2017
Figure 7: Drivers of buyer power in the non-life insurance market in Spain, 2017
Figure 8: Drivers of supplier power in the non-life insurance market in Spain, 2017
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Spain, 2017
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Spain, 2017
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Spain, 2017
Figure 12: Allianz Group: revenues & profitability
Figure 13: Allianz Group: assets & liabilities
Figure 14: Mapfre S.A.: revenues & profitability
Figure 15: Mapfre S.A.: assets & liabilities
Figure 16: Grupo Catalana Occidente, S.A.: revenues & profitability
Figure 17: Grupo Catalana Occidente, S.A.: assets & liabilities
