Gross loss ratio for burial insurance in Spain 2005-2022
The loss ratio within the burial insurance sector in Spain generally increased from 2005 to 2022, albeit with fluctuation. In 2020, the gross loss ratio in this insurance sector reached 71 percent - the highest ratio recorded during the time period under observation. The lowest gross loss ratio recorded was near the beginning of the time period, when it was just 51.2 percent. As of 2022, the gross loss ratio in this insurance sector was 57.7 percent.