Spanish insurance market in 2021: turnover per class of business
Figures in millions
Class of business | 2021 turnover | 2020 turnover | 2020-2021 evolution * | 2021 shares | ||
---|---|---|---|---|---|---|
EUR | USD | EUR | USD | |||
Motor | 10 990 | 12 445 | 11 087 | 13 618 | -0.87% | 17.78% |
Health | 9 855 | 11 160 | 9 386 | 11 528 | 5.00% | 15.94% |
Property and casualty | 9 515 | 10 775 | 9 066 | 11 135 | 4.95% | 15.39% |
General third party liability | 1 800 | 2 038 | 1 640 | 2 014 | 9.76% | 2.91% |
Accident | 1 121 | 1 269 | 1 123 | 1 379 | -0.18% | 1.81% |
Credit | 670 | 759 | 602 | 740 | 11.30% | 1.09% |
Marine | 540 | 611 | 523 | 642 | 3.25% | 0.87% |
Assistance | 360 | 408 | 339 | 416 | 6.19% | 0.58% |
Other risks ** | 3 428 | 3 882 | 3 286 | 4 037 | 4.32% | 5.54% |
Total non life | 38 279 | 43 347 | 37 052 | 45 509 | 3.31% | 61.91% |
Total life | 23 552 | 26 670 | 21 837 | 26 821 | 7.85% | 38.09% |
Grand total | 61 831 | 70 017 | 58 889 | 72 330 | 5.00% | 100% |
* Evolution in Euro
** Including pecuniary losses, fire, legal protection, bond insurance and theft
Exchange rate as at 31/12/2021 : 1 EUR = 1.1324 USD ; 31/12/2020 : 1 EUR = 1.22824 USD
Read also | Top 10 insurers in Spain
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