Non-Life Insurance in Spain

November 2020 | 39 pages | ID: NDEBA2CD127EN
MarketLine

Abstracts

Non-Life Insurance in Spain

Summary

Non-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 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 2019 annual average exchange rates.
• The Spanish non-life insurance market is expected to generate total gross written premiums of $35.4bn in 2020, representing a compound annual growth rate (CAGR) of 0.6% between 2016 and 2020.
• The motor segment is expected to be the market's most lucrative in 2020, with total gross written premiums of $5.7bn, equivalent to 16% of the market's overall value.
• High levels of household disposable income, alongside lower consumer confidence in 2020, will boost sales for non-life insurance products; however, low interest rates will keep profits low.

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 by both value and volume

Reasons to Buy

• What was the size of the Spain non-life insurance market by value in 2020?
• What will be the size of the Spain non-life insurance market in 2025?
• 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?

Contents

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 the leading players follow?
7.4. What is the rationale for the recent M&A activity?
7.5. How has the COVID-19 outbreak impacted the sector?

8 COMPANY PROFILES

8.1. Mapfre SA
8.2. Allianz SE
8.3. Grupo Catalana Occidente, S.A.

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

LIST OF TABLES

Table 1: Spain non-life insurance market value: $ billion, 2016-20(e)
Table 2: Spain non-life insurance market category segmentation: $ billion, 2020(e)
Table 3: Spain non-life insurance market geography segmentation: $ billion, 2020(e)
Table 4: Spain non-life insurance market value forecast: $ billion, 2020-25
Table 5: Spain non-life insurance market share: % share, by value, 2020(e)
Table 6: Mapfre SA: key facts
Table 7: Mapfre SA: Key Employees
Table 8: Mapfre SA: Key Employees Continued
Table 9: Allianz SE: key facts
Table 10: Allianz SE: Key Employees
Table 11: Allianz SE: Key Employees Continued
Table 12: Grupo Catalana Occidente, S.A.: key facts
Table 13: Grupo Catalana Occidente, S.A.: Key Employees
Table 14: Spain size of population (million), 2016-20
Table 15: Spain gdp (constant 2005 prices, $ billion), 2016-20
Table 16: Spain gdp (current prices, $ billion), 2016-20
Table 17: Spain inflation, 2016-20
Table 18: Spain consumer price index (absolute), 2016-20
Table 19: Spain exchange rate, 2015-19

List Of Figures

LIST OF FIGURES

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

COMPANIES MENTIONED

Mapfre SA
Allianz SE
Grupo Catalana Occidente, S.A.