A.M. Best Special Report: Spain’s Insurance Market Withstands Pressure as Insurers Remain Profitable

The report says that Spanish non-life and life insurers remain profitable despite the country’s ongoing economic difficulties, which have caused the insurance market to contract. The non-life sector has benefited from a reduction in motor claims, reflecting lower usage of vehicles. To an extent, policyholders have a sense of loyalty to insurers for personal lines products, although this sentiment is beginning to change given the influence of the aggregator market.

Please read here: Spain Non-Life and Life Market Review – September 9 2013 (.pdf Acrobat Reader, 504 Kb)

Source: http://www.ambest.com

This entry was posted in World News. Bookmark the permalink.

Leave a Reply