The penetration rate in the multi-risk insurance sector in Spain increased overall from 2005 to 2022, albeit with some fluctuation. During the period under observation, the rate of penetration in this insurance sector climbed steadily from 0.5 percent in 2005 to 0.64 percent in 2012 and 2013. The penetration rate declined slightly in the following years, before reaching a plateau of 0.6 percent from 2016 to 2019. In 2022, the penetration rate in the sector of multi-risk insurance had increased substantially to reach 0.65 percent.
Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022
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Mapfre. (August 29, 2023). Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/
Mapfre. "Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022." Chart. August 29, 2023. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/
Mapfre. (2023). Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022. Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/
Mapfre. "Annual Evolution of Penetration in The Insurance Sector of Multi-risk Insurance in Spain from 2005 to 2022." Statista, Statista Inc., 29 Aug 2023, https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/
Mapfre, Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022 Statista, https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/ (last visited September 01, 2024)
Annual evolution of penetration in the insurance sector of multi-risk insurance in Spain from 2005 to 2022 [Graph], Mapfre, August 29, 2023. [Online]. Available: https://www.statista.com/statistics/773814/penetration-in-he-sector-insurer-multi-hazards-in-spain/