The annual penetration rate of the insurance sector in Spain fluctuated significantly between 2005 and 2023. As of 2023, the penetration rate on the total insurance market in Spain was 5.22 percent - a slight increase 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 2023
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Mapfre. (September 23, 2024). Market penetration rate in the insurance sector in Spain from 2005 to 2023 [Graph]. In Statista. Retrieved November 18, 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 2023." Chart. September 23, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
Mapfre. (2024). Market penetration rate in the insurance sector in Spain from 2005 to 2023. Statista. Statista Inc.. Accessed: November 18, 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 2023." Statista, Statista Inc., 23 Sep 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 2023 Statista, https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/ (last visited November 18, 2024)
Market penetration rate in the insurance sector in Spain from 2005 to 2023 [Graph], Mapfre, September 23, 2024. [Online]. Available: https://www.statista.com/statistics/765396/penetration-in-he-sector-insurer-in-spain/
