The annual penetration rate of the insurance sector in Spain fluctuated significantly between 2005 and 2022. As of 2022, the penetration rate on the total insurance market in Spain was 4.87 percent - a slight decrease from the previous year. After a downward trend that initiated in the year 2011, market penetration in the insurance sector in Spain peaked in 2016, when it stood at over 5.7 percent.
Market penetration rate in the insurance sector in Spain from 2005 to 2022
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Mapfre. (August 29, 2023). Market penetration rate in the insurance sector in Spain from 2005 to 2022 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
Mapfre. "Market penetration rate in the insurance sector in Spain from 2005 to 2022." Chart. August 29, 2023. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
Mapfre. (2023). Market penetration rate in the insurance sector in Spain from 2005 to 2022. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
Mapfre. "Market Penetration Rate in The Insurance Sector in Spain from 2005 to 2022." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
Mapfre, Market penetration rate in the insurance sector in Spain from 2005 to 2022 Statista, https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/ (last visited August 24, 2024)
Market penetration rate in the insurance sector in Spain from 2005 to 2022 [Graph], Mapfre, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/