Insurance in Spain

Insurance in Spain industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Spain insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. The insurance market depends on a variety of economic and non-economic factors, and future performance is difficult to predict. The forecast given in this report is intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2013 average exchange rates.

The Spanish insurance market is expected to generate total gross written premiums of $74.6bn in 2014, representing a compound annual growth rate (CAGR) of 0.5% between 2010 and 2014.

The non-life insurance segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $38.4bn, equivalent to 51.5% of the market's overall value.

The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.7% for the five-year period 2014 – 2019, which is expected to drive the market to a value of $81.0bn by the end of 2019.

Scope

Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Spain

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Spain

Leading company profiles reveal details of key insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Spain insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Spain economy

Reasons to buy

What was the size of the Spain insurance market by value in 2014?

What will be the size of the Spain insurance market in 2019?

What factors are affecting the strength of competition in the Spain insurance market?

How has the market performed over the last five years?

Companies mentioned

BBVA, MAPFRE, S.A., Banco Santander, S.A. and VidaCaixa S.A., de Seguros y Reaseguros

Table of Contents

TABLE OF CONTENTS

Executive Summary 2

Market value 2

Market value forecast 2

Category segmentation 2

Geography segmentation 2

Market rivalry 2

Market Overview 7

Market definition 7

Market analysis 7

Market Data 8

Market value 8

Market Segmentation 9

Category segmentation 9

Geography segmentation 10

Market Outlook 11

Market value forecast 11

Five Forces Analysis 12

Summary 12

Buyer power 13

Supplier power 15

New entrants 17

Threat of substitutes 18

Degree of rivalry 19

Leading Companies 20

BBVA 20

MAPFRE, S.A. 24

Banco Santander, S.A. 27

VidaCaixa S.A., de Seguros y Reaseguros 31

Macroeconomic Indicators 32

Country Data 32

Methodology 34

Industry associations 35

Related MarketLine research 35

Appendix 36

About MarketLine 36

LIST OF TABLES

Table 1: Spain insurance market value: $ billion, 201014(e) 8

Table 2: Spain insurance market category segmentation: $ billion, 2014(e) 9

Table 3: Spain insurance market geography segmentation: $ billion, 2014(e) 10

Table 4: Spain insurance market value forecast: $ billion, 201419 11

Table 5: BBVA: key facts 20

Table 6: BBVA: key financials ($) 21

Table 7: BBVA: key financials (€) 21

Table 8: BBVA: key financial ratios 22

Table 9: MAPFRE, S.A.: key facts 24

Table 10: MAPFRE, S.A.: key financials ($) 25

Table 11: MAPFRE, S.A.: key financials (€) 25

Table 12: MAPFRE, S.A.: key financial ratios 25

Table 13: Banco Santander, S.A.: key facts 27

Table 14: Banco Santander, S.A.: key financials ($) 28

Table 15: Banco Santander, S.A.: key financials (€) 28

Table 16: Banco Santander, S.A.: key financial ratios 29

Table 17: VidaCaixa S.A., de Seguros y Reaseguros: key facts 31

Table 18: Spain size of population (million), 201014 32

Table 19: Spain gdp (constant 2005 prices, $ billion), 201014 32

Table 20: Spain gdp (current prices, $ billion), 201014 32

Table 21: Spain inflation, 201014 33

Table 22: Spain consumer price index (absolute), 201014 33

Table 23: Spain exchange rate, 201014 33

LIST OF FIGURES

Figure 1: Spain insurance market value: $ billion, 201014(e) 8

Figure 2: Spain insurance market category segmentation: % share, by value, 2014(e) 9

Figure 3: Spain insurance market geography segmentation: % share, by value, 2014(e) 10

Figure 4: Spain insurance market value forecast: $ billion, 201419 11

Figure 5: Forces driving competition in the insurance market in Spain, 2014 12

Figure 6: Drivers of buyer power in the insurance market in Spain, 2014 13

Figure 7: Drivers of supplier power in the insurance market in Spain, 2014 15

Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Spain, 2014 17

Figure 9: Factors influencing the threat of substitutes in the insurance market in Spain, 2014 18

Figure 10: Drivers of degree of rivalry in the insurance market in Spain, 2014 19

Figure 11: BBVA: revenues & profitability 22

Figure 12: BBVA: assets & liabilities 23

Figure 13: MAPFRE, S.A.: revenues & profitability 26

Figure 14: MAPFRE, S.A.: assets & liabilities 26

Figure 15: Banco Santander, S.A.: revenues & profitability 29

Figure 16: Banco Santander, S.A.: assets & liabilities 30

List of Tables

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List of Figures

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