Life insurance sector market penetration rate in Spain 2005-2017

This statistic shows the annual evolution of the market penetration rate within the life insurance sector in Spain from 2005 to 2017. The market penetration ratio for life insurances prospered sharply throughout the years 2007 and 2009, and peaked at 2.7 percent in 2011. The downward trend that initiated after this period terminated in 2016, with the highest peak at 2.78 percent penetration rate in the life insurance sector in Spain.

Market penetration rate in the life insurance sector in Spain from 2005 to 2017

Penetration rate
20172.53%
20162.78%
20152.37%
20142.39%
20132.49%
20122.53%
20112.7%
20102.44%
20092.61%
20082.38%
2007*2.13%
20062.23%
20052.32%
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Sources

Release date

July 2018

Region

Spain

Survey time period

2005 to 2017

Supplementary notes

*Data prior to 2007 was collected from an earlier version of this report.

Insurance penetration is measured as the ratio of premiums to GDP.

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