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

Insurance in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value 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 insurance market consists of the non-life and life insurance sectors. The value of the market is shown in terms of gross premium incomes.
The Spanish insurance market had total gross written premiums of $66.3bn in 2020, representing a compound annual rate of change (CARC) of -1.6% between 2016 and 2020.
The non-life insurance segment was the market's most lucrative in 2020, with total gross written premiums of $41.4bn, equivalent to 62.4% of the market's overall value.
The COVID-19 pandemic, which first took hold in Spain in early 2020, has had a significant impact on the insurance market. Cuts to interest rates have hampered insurance companies’ profits, and there has been a reduction in demand for certain types of insurance, such as travel insurance, amid pandemic-mandated nationwide lockdown restrictions.

Scope

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

Reasons to Buy

What was the size of the Spain media market by value in 2020?
What will be the size of the Spain media market in 2025?
What factors are affecting the strength of competition in the Spain media market?
How has the market performed over the last five years?
How large is Spain’s media market in relation to its regional counterparts?

Frequently Asked Questions about the Insurance Market in Spain

What is the estimated value of the Insurance Market in Spain?

The Insurance Market in Spain was estimated to be valued at $66.27 Billion in 2020.

What is the growth rate of the Insurance Market in Spain?

The growth rate of the Insurance Market in Spain is 3.6%, with an estimated value of $79.39 Billion by 2025.

What is the forecasted size of the Insurance Market in Spain?

The Insurance Market in Spain is estimated to be worth $79.39 Billion by 2025.

Who are the key companies in the Insurance Market in Spain?

Key companies in the Insurance Market in Spain include VidaCaixa, S.A.U. de Seguros y Reaseguros, Mapfre SA and Prudential Plc.

Report Attribute	Details
No. of Pages	41
Published	November 2021
Forecast Period	2020 - 2025
Estimated Market Value ( USD ) in 2020	$ 66.27 Billion
Forecasted Market Value ( USD ) by 2025	$ 79.39 Billion
Compound Annual Growth Rate	3.6%
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 are the strengths of leading players?
7.5. How are leading players incorporating new technology into their business strategies?
7.6. How has the COVID - 19 outbreak impacted the market?

8 Company Profiles

8.1. VidaCaixa, S.A.U. de Seguros y Reaseguros
8.2. Mapfre SA
8.3. Prudential Plc

9 Macroeconomic Indicators

9.1. Country data

10 Appendix

10.1. Methodology
10.2. Industry associations
10.3. Related Research
10.4. About The Publisher

List of Tables

Table 1: Spain insurance market value: $ billion, 2016 - 20
Table 2: Spain insurance market category segmentation: $ billion, 2020
Table 3: Spain insurance market geography segmentation: $ billion, 2020
Table 4: Spain insurance market value forecast: $ billion, 2020 - 25
Table 5: Spain 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: Prudential Plc: key facts
Table 13: Prudential Plc: Annual Financial Ratios
Table 14: Prudential Plc: Key Employees
Table 15: Spain size of population (million), 2016 - 20
Table 16: Spain gdp (constant 2005 prices, $ billion), 2016 - 20
Table 17: Spain gdp (current prices, $ billion), 2016 - 20
Table 18: Spain inflation, 2016 - 20
Table 19: Spain consumer price index (absolute), 2016 - 20
Table 20: Spain exchange rate, 2016 - 20

List of Figures

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