Spain Insurance Market Outlook to 2015
Spain Insurance Market Outlook to 2015
Executive Summary
The Report titled "Spain Insurance Market Outlook to 2015" provides an in-depth analysis of Spain insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration, life and non-life insurance market segmentation and future outlook of the insurance industry in Spain. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire UK insurance industry.
The insurance industry in Spain is the sixth largest market in Europe after the UK, France, Germany, Italy and Netherlands. In 2009, the premium in the insurance sector registered in the country was USD ~ million. The total workforce associated with the insurance sector was nearly ~. Life insurance accounted for ~% of the total insurance sector while non-life accounted for the remaining ~% of the market.
In Spain, the gross premium for life insurance increased from USD ~ million in 2001 to USD ~ million in 2009. In the forecasted period from 2009 to 2015, the gross life insurance premium is expected to increase at a CAGR of ~%. Life insurance density is expected to increase from USD ~ in 2009 to USD ~ in 2015, registering a CAGR of 5.5%.
Motor insurance holds ~% of the total insurance market followed by property insurance with a share of ~%. With ~% of the total market, property insurance is another major sector contributing to insurance industry. Other non-life insurance also holds ~% of the total market. Health and property insurance is expected to grow faster than other non-life insurance segments and its premium would increase to USD ~ million and USD ~ million respectively by 2015.
Health insurance registered a higher growth rate in insurance during the historical period. The health premium increased from USD ~ million in 2001 to USD ~ million in 2009, registering a double digit growth of ~% during the period. The trend is likely to continue till 2015, as the premium is set to reach USD ~ million by 2015. The growth rate expected during this period is likely to be around ~%.
The non-life insurance market in Spain is highly fragmented. The largest player in the region with a share of ~% is Mapfre. The second largest player in the region is AXA with a market share of ~%. With a share of ~%, Allianz is the third largest player operating in the region. Catalana Occidente and Generali are other top ranked players with a market share of ~% and ~% respectively. Other major players operating in the region are Zurich, Mutua Madrilena, Caser, Adeslas,and Sanitas. Other players operating in the region had a combined share of ~% of the total insurance market.
Scope of Research
The report entails thorough analysis and offers valuable insights on the insurance industry in Spain. The scope of the report includes:
The market size of life and non-life insurance industry in terms of gross insurance premium written for Spain, 2001 to 2015
Life and Non-life insurance density in USD for Spain, 2001 to 2015
Life and Non-life insurance penetration, premium as a percentage of GDP for the country, 2001 to 2015
Market segmentation on the basis of Product, in Spain, 2009 and 2015
Life Insurance Market Segmentation by Insurance Class (Individual, Group and Unit-Linked), 2009
Competitive Landscape of the major life insurers (Aviva, Standard Life, HBOS Financial Services, Legal & General, AEGON) in Spain on the basis of gross premium written
Market Size of Motor, Health, Property and others non-life insurance on the basis of gross insurance premium written, 2001-2015
Competitive Landscape of the major non-life insurers (Aviva, RBS Insurance, AIG,AXA, Royal & Sun Alliance) and motor insurers in Spain on the basis of gross premium written, 2009
Market Size of Third-Party Liability Insurance, Burial Insurance, Personal Accident Insurance, Credit Insurance, Surety Line of Insurance, Transport and Engineering Insurance, 2008-2009
Total Insurers' Investment Portfolio, 2001-2009
Spain life and non-life Insurance Premium Segmentation on the basis of distribution channel
Valuable Insights and Future Outlook of the insurance industry in Spain.
For more information please refer to the below mentioned link:
http://www.ammindpower.com/report.php?A=158 Business Insurance - Simple Facts Single Trip Holiday Insurance: Secure your Holiday Trip Wisely Understand the Umbrella Insurance Policy Understand the Wedding Insurance Policy Gender-less insurance: women will pay up to 25% more How Do I Become An Insurance Attorney? Dump Truck Insurance Tips - Sealing the Deal on Affordable Dump Truck Insurance Maternity Insurance - Words of advice from a Broker in HK Commercial Truck Insurance Varieties To Be Aware Of Commercial Truck Insurance: Bobtail Coverage For Independents Are You Tired of Overpaying for Insurance? Where Did Insurance Come From? Staying In Business With NJ Insurance