Gross loss ratio for personal accident insurance in Spain 2005-2023
The loss ratio of personal accident insurance in Spain reached a 15-year low in 2020 and remained low in subsequent years. The gross loss ratio in this insurance sector in Spain was 32.9 percent in 2020 - the lowest figure recorded in the time period under observation. The highest gross loss ratio was obtained at the beginning of the time period when it was over 50 percent. In 2023, the annual gross loss ratio in accident insurance was 35.9 percent in Spain.
