The market penetration ratio for life insurance in Spain fluctuated significantly between 2005 and 2022. After reaching a peak life insurance market penetration of 2.8 percent in 2016, this figure proceeded to drop dramatically in the following years. As of 2022, the market penetration rate had declined to 1.85 percent - the lowest figure recorded during the time period under observation.
Market penetration rate in the life insurance sector in Spain from 2005 to 2022
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Mapfre. (August 29, 2023). Market penetration rate in the life insurance sector in Spain from 2005 to 2022 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/
Mapfre. "Market penetration rate in the life insurance sector in Spain from 2005 to 2022." Chart. August 29, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/
Mapfre. (2023). Market penetration rate in the life insurance sector in Spain from 2005 to 2022. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/
Mapfre. "Market Penetration Rate in The Life Insurance Sector in Spain from 2005 to 2022." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/
Mapfre, Market penetration rate in the life insurance sector in Spain from 2005 to 2022 Statista, https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/ (last visited July 22, 2024)
Market penetration rate in the life insurance sector in Spain from 2005 to 2022 [Graph], Mapfre, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/772816/penetration-in-he-sector-insurer-from-lifetime-in-spain/