Premiums retention in the car insurance industry in Spain 2005-2023

Published by Jennifer Rudden, Nov 1, 2024

The share of retention of premiums in the car insurance sector in Spain fluctuated significantly between 2005 and 2023. As of 2023, retention of premiums in this sector of insurance was 84.1 percent - a slight decrease of around 0.4 percent from the previous year. Notably, it was also the lowest point of premium retention in the Spanish car insurance sector, during the period under observation.

Retention of premiums in the car insurance sector in Spain from 2005 to 2023

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Release date

September 2024

Region

Spain

Survey time period

2005 to 2023

Supplementary notes

Values prior to 2013 taken from previous reports.
Retention of claims are considered as the relation between net allocated premiums and gross allocated premiums.

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