Life insurance premiums issued in the Spanish market 2008-2023

Published by Jennifer Rudden, Nov 1, 2024

The annual volume of life insurance premiums issued in Spain fluctuated significantly between 2008 and 2023. In 2014, the lowest volume of premiums in life insurance was recorded, with around 24.8 billion euros. After reaching its lowest point in 2014, annual life insurance premiums rose to a peak value of over 31 billion dollars as of 2016. Life insurance premium volume in Spain has since dropped, reaching a new low of approximately 21.8 billion euros as of 2020. In 2023, the life insurance premium volume in Spain increased importantly compared to the previous year reaching more than 33 billion euros, the highest number recorded during the time period under observation.

Annual volume of life insurance premiums issued in Spain from 2008 to 2023 (in billion euros)

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Release date

September 2024

Region

Spain

Survey time period

2008 to 2023

Special properties

Direct insurance premiums

Supplementary notes

Values prior to 2013 taken from previous reports.

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