Life Insurance in Spain - Market Summary, Competitive Analysis and Forecast to 2025

Life Insurance in Spain industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2016-20, and forecast to 2025). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.

Key Highlights

The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
The Spanish life insurance market had total gross written premiums of $24.9bn in 2020, representing a compound annual rate of change (CARC) of -8.5% between 2016 and 2020.
The Life Insurance segment was the market's most lucrative in 2020, with total gross written premiums of $23.7bn, equivalent to 95.1% of the market's overall value.
The COVID-19 pandemic, which first took hold in Spain in early 2020, has had a severe impact on the life insurance market, with cuts to interest rates affecting life insurance companies’ profits.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the life insurance market in Spain
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Spain
Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Spain life insurance market with five year forecasts by both value and volume

Reasons to Buy

What was the size of the Spain life insurance market by value in 2020?
What will be the size of the Spain life insurance market in 2025?
What factors are affecting the strength of competition in the Spain life insurance market?
How has the market performed over the last five years?
Who are the top competitiors in Spain's life insurance market?

Frequently Asked Questions about the Spanish Life Insurance Market

What is the estimated value of the Spanish Life Insurance Market?

The Spanish Life Insurance Market was estimated to be valued at $24.9 Billion in 2020.

What is the growth rate of the Spanish Life Insurance Market?

The growth rate of the Spanish Life Insurance Market is 4.6%, with an estimated value of $31.25 Billion by 2025.

What is the forecasted size of the Spanish Life Insurance Market?

The Spanish Life Insurance Market is estimated to be worth $31.25 Billion by 2025.

Who are the key companies in the Spanish Life Insurance Market?

Key companies in the Spanish Life Insurance Market include VidaCaixa, S.A.U. de Seguros y Reaseguros, Mapfre SA, Zurich Insurance Group Ltd and Ibercaja Banco SA.

Report Attribute	Details
No. of Pages	43
Published	October 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 24.9 Billion
Forecasted Market Value ( USD ) by 2025	$ 31.25 Billion
Compound Annual Growth Rate	4.6%
Regions Covered	Spain

1 Executive Summary

1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive Landscape

2 Market Overview

2.1. Market definition
2.2. Market analysis

3 Market Data

3.1. Market value

4 Market Segmentation

4.1. Category segmentation
4.2. Geography segmentation

5 Market Outlook

5.1. Market value forecast

6 Five Forces Analysis

6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry

7 Competitive Landscape

7.1. Market share
7.2. Who are the leading players?
7.3. What strategies do leading players follow?
7.4. What has been the rationale behind recent M&A activity?
7.5. How has the COVID-19 outbreak affected the market?

8 Company Profiles

8.1. VidaCaixa, S.A.U. de Seguros y Reaseguros
8.2. Mapfre SA
8.3. Zurich Insurance Group Ltd
8.4. Ibercaja Banco SA

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About the Author

List of Tables

Table 1: Spain life insurance market value: $ billion, 2016-20
Table 2: Spain life insurance market category segmentation: $ billion, 2020
Table 3: Spain life insurance market geography segmentation: $ billion, 2020
Table 4: Spain life insurance market value forecast: $ billion, 2020-25
Table 5: Spain life insurance market share: % share, by value, 2020
Table 6: VidaCaixa, S.A.U. de Seguros y Reaseguros: key facts
Table 7: VidaCaixa, S.A.U. de Seguros y Reaseguros: Key Employees
Table 8: Mapfre SA: key facts
Table 9: Mapfre SA: Annual Financial Ratios
Table 10: Mapfre SA: Key Employees
Table 11: Mapfre SA: Key Employees Continued
Table 12: Zurich Insurance Group Ltd: key facts
Table 13: Zurich Insurance Group Ltd: Annual Financial Ratios
Table 14: Zurich Insurance Group Ltd: Key Employees
Table 15: Zurich Insurance Group Ltd: Key Employees Continued
Table 16: Ibercaja Banco SA: key facts
Table 17: Ibercaja Banco SA: Key Employees
Table 18: Spain size of population (million), 2016-20
Table 19: Spain gdp (constant 2005 prices, $ billion), 2016-20
Table 20: Spain gdp (current prices, $ billion), 2016-20
Table 21: Spain inflation, 2016-20
Table 22: Spain consumer price index (absolute), 2016-20
Table 23: Spain exchange rate, 2016-20

List of Figures

Figure 1: Spain life insurance market value: $ billion, 2016-20
Figure 2: Spain life insurance market category segmentation: % share, by value, 2020
Figure 3: Spain life insurance market geography segmentation: % share, by value, 2020
Figure 4: Spain life insurance market value forecast: $ billion, 2020-25
Figure 5: Forces driving competition in the life insurance market in Spain, 2020
Figure 6: Drivers of buyer power in the life insurance market in Spain, 2020
Figure 7: Drivers of supplier power in the life insurance market in Spain, 2020
Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Spain, 2020
Figure 9: Factors influencing the threat of substitutes in the life insurance market in Spain, 2020
Figure 10: Drivers of degree of rivalry in the life insurance market in Spain, 2020
Figure 11: Spain life insurance market share: % share, by value, 2020