Naperville, IL -- (SBWIRE) -- 01/22/2014 -- Reportstack, provider of premium market research reports announces the addition of Non-Life Insurance in Spain, Key Trends and Opportunities to 2017 market report to its offering
During the review period (20082012), the Spanish non-life segment was adversely affected by recession. The segment declined at a review-period CAGR of -3.5%, but critically remained competitive. The segments combined ratio remained at 92.2% in 2012, lower than other European nations such as the UK and France which registered respective combined ratios of 103.4% and 106.6%.
Collectively, the motor and property insurance categories accounted for 93.1% of the segments gross written premiums in 2012. During the review period, both the life and non-life insurance segments registered negative growth due to the financial crisis. This affected the demand for motor insurance products, which registered a review-period CAGR of 4.7%. Property insurance posted a review-period CAGR of -0.5% on account of the nations weak property and construction markets. As the economy gradually recovers, an increase in disposable income and the implementation of Solvency II will support the non-life segment, which is projected to post a forecast-period (2012?2017) CAGR of 1.4% to value EUR23.0 billion (US$29.4 billion) in 2017. Recovery in the automobile market and rising awareness of cover against natural disasters is expected to increase demand for motor and property insurance.
Scope
This report provides a comprehensive analysis of the non-life insurance segment in Spain:
It provides historical values for Spains non-life insurance segment for the reports 20082012 review period and forecast figures for the 20122017 forecast period.
It offers a detailed analysis of the key categiories in Spains non-life insurance segment, along with market forecasts until 2017.
It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions.
It analyses the various distribution channels for non-life insurance products in Spain.
Using Porters industry-standard Five Forces analysis, it details the competitive landscape in Spain for the non-life insurance segment.
It provides a detailed analysis of the reinsurance segment in Spain and its growth prospects.
It profiles the top non-life insurance companies in Spain and outlines the key regulations affecting them.
Reasons to Buy
Make strategic business decisions using in depth historic and forecast market data related to the Spanish non-life insurance segment and each category within it
Understand the demand-side dynamics, key market trends and growth opportunities within the Spanish non-life insurance segment
Assess the competitive dynamics in the non-life insurance segment, along with the reinsurance segment
Identify the growth opportunities and market dynamics within key product categories
Gain insights into key regulations governing the Spanish insurance industry and its impact on companies and the market's future
Key Highlights
The Spanish non-life insurance segment declined at a review-period CAGR of -3.5%, but critically remained competitive.
Following the global financial crisis in 20082009 and the European debt crisis of 20102011, smaller insurers may not be able to compete and will be forced to merge with larger insurers.
Spains average premium per capita declined from EUR541.8 (US$793.6) in 2008 to EUR464.2 (US$596.8) in 2012, at a review-period CAGR of -3.8%.
Mandatory civil liability insurance supplements third-party liability insurance.
The volume of natural disasters during the review period increased the publics awareness of the benefits of non-life insurance products, especially in the property insurance category.
Companies Mentioned
Mapfre Familiar
Segurcaixa Adeslas
Axa Seguros Generales
Allianz Seguros
Generali Seguros
Sanitas
Mutua Madrilea
Santalucia
Zurich Insurance
Grupo Caser
To view the table of contents for this market research report please visit
http://www.reportstack.com/product/149650/non-life-insurance-in-spain-key-trends-and-opportunities-to-2017.html
Contact:
Roger Campbell
contactus@reportstack.com
Naperville
Illinois
United States
Ph: 888-789-6604
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