The market penetration in the non-life insurance sector in Spain remained somewhat consistent between 2005 and 2023. As of 2023 market penetration reached 2.94 percent - a slight decrease from the previous year. The highest figure recorded during the time period under observation was in 2020, when the penetration rate was 3.31 percent. Market penetration in the Spanish non-life insurance sector reached its lowest point in 2015, when it stood at 2.9 percent.
Market penetration in the non-life insurance sector in Spain from 2005 to 2023
Characteristic
Penetration rate
2023
2.94%
2022
2.99%
2021
3.13%
2020
3.31%
2019
2.94%
2018
2.94%
2017
2.93%
2016
2.93%
2015
2.9%
2014
2.97%
2013
2.98%
2012
3.02%
2011
2.98%
2.8%2.9%3%3.1%3.2%3.3%3.4%
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Mapfre. (September 23, 2024). Market penetration in the non-life insurance sector in Spain from 2005 to 2023 [Graph]. In Statista. Retrieved May 04, 2025, from https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/
Mapfre. "Market penetration in the non-life insurance sector in Spain from 2005 to 2023." Chart. September 23, 2024. Statista. Accessed May 04, 2025. https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/
Mapfre. (2024). Market penetration in the non-life insurance sector in Spain from 2005 to 2023. Statista. Statista Inc.. Accessed: May 04, 2025. https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/
Mapfre. "Market Penetration in The Non-life Insurance Sector in Spain from 2005 to 2023." Statista, Statista Inc., 23 Sep 2024, https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/
Mapfre, Market penetration in the non-life insurance sector in Spain from 2005 to 2023 Statista, https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/ (last visited May 04, 2025)
Market penetration in the non-life insurance sector in Spain from 2005 to 2023 [Graph], Mapfre, September 23, 2024. [Online]. Available: https://www.statista.com/statistics/772081/penetration-in-he-sector-insurer-from-do-not-lifetime-in-spain/
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