Report Published: "Non-Life Insurance in Spain, Key Trends and Opportunities to 2017"
During the review period (2008-2012), 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 segment's 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 segment's gross written premiums in 2012. During the review period, both the...
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