Insurance in Spain - Market Summary, Competitive Analysis and Forecast to 2025
Insurance in Spain - Market Summary, Competitive Analysis and Forecast to 2025
SUMMARY
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
SUMMARY
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.
- 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
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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 MarketLine research
10.4. About MarketLine
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 MarketLine research
10.4. About MarketLine
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
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
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
