Reinsurance in Spain, Key Trends and Opportunities to 2017: New Research Report Available at Fast Market Research
Despite the global financial and European debt crises, the Spanish reinsurance segment registered a review-period (2008-2012) CAGR of 9.6%, increasing from EUR3.2 billion (US$4.6 billion) in 2008 to EUR4.6 billion (US$5.9 billion) in 2012. The Insurance Compensation Consortium (CCS) provides cover for all natural disaster events through a compulsory surcharge based on sums insured, which set a very low requirement for insurers to seek natural disaster reinsurance, which includes unexpected natural and socio-political risks. With gradual economic improvement and increasing...
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