Gross loss ratio for surety insurance in Spain 2005-2023

Published by
Jennifer Rudden,
Nov 1, 2024

The loss ratio of surety insurance in Spain fluctuated significantly between 2005 and 2023. As of 2008, with the beginning of the financial crisis, the accident rate of this type of insurance increased considerably, exceeding 530 percent in 2013 before dropping dramatically in the following years. In 2023, the gross loss ratio in surety bonds in Spain stood at 30 percent - a significant increase from the previous year.

Gross loss ratio of surety insurance in Spain from 2005 to 2023

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Release date

September 2024

Region

Spain

Survey time period

2005 to 2023

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Spanish
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