Research and Markets: Spain Insurance Market Intelligence - An Insight into the Market Size & Growth in Insurance Premiums

DUBLIN--(Business Wire)--
Research and Markets
(http://www.researchandmarkets.com/research/ccc3cb/spain_insurance_ma) has
announced the addition of the "Spain Insurance Market Intelligence" report to
their offering.

The Spanish insurance industry has witnessed a steady growth during the period
2001-2008, mainly on account of the expanding economy and increasing private
consumption. In addition, investment in real estate and automobiles, demand for
life products, particularly group policies and pension products also helped
further the growth of the market. The industry has experienced a dramatic
restructuring during 1980s and 1990s. Deregulation, integration of financial
services, technological changes, and other economic changes together brought
about new developments in the industry.

The booming real estate market as well as an increase in the demand for
automobiles has helped drive the growth of non-life insurance premium in Spain.
In case of life products, the demand for group and individual life (unit-linked
& pension) insurance has contributed to market growth. Along with the market
factors, economic and political drivers such as increase in employment, higher
wages, as well as the provision of third-party liability and insurance of motor
vehicles helped further the growth of the sector. With a growth in tourism and
improved economic conditions, Spain has witnessed an increase in the total
number of vehicles registered. The increase in vehicle sales also boosted the
demand for motor insurance in the country. Improving financial market and
growing demand for savings/retirement products is anticipated to drive the
growth of the life segment in the years to come. However, the non-life segment
is expected to see growth on account of rising demand for health and awareness
for insuring property, motor, and other multi-peril risks.

The present report gives an overview of the Spanish insurance market along with
an analysis of Spanish political structure and economic growth. The report
provides an insight into the market size and growth in insurance premiums as
well as life and non-life premiums. Insurance premiums are discussed in terms of
life and non-life segments and the density and penetration levels. The various
developments and drivers are also discussed and finally the projections
regarding premium growth are given.

By combining SPSS Inc.'s data integration and analysis capabilities with our
relevant findings, we have predicted the future growth of the Spanish insurance
industry. We employed various significant variables that have an impact on this
industry and created regression models with SPSS Base to determine the future
direction of the industry and its sub-segments life and non-life insurance.
Before deploying the regression model, the relationship between several
independent or predictor variables and the dependent variable was analyzed using
standard SPSS output, including charts, tables and tests.

Key Topics Covered:

1. Industry Snapshot

1.1 Industry Structure

1.2 Market Overview

2. Industry Analysis

2.1 Industry Developments

2.2 Market Drivers

3. Country Analysis: Risk Assessment

3.1 Political Environment

3.2 Macro-Economic Indicators: Current and Projections

4. Industry Outlook: Forecast and Projections

4.1 Industrial Growth, Rising Income and Channel Improvement to Drive Insurance

4.2 Health and Pension Demand and Better Returns to Drive Life Segment

4.3 Recovery in Traditional and Insurance Providing Death Coverage

4.4 Recovery of Automobile Sales in the Country to Drive Motor Segment

For more information visit
http://www.researchandmarkets.com/research/ccc3cb/spain_insurance_ma.

Research and Markets
Laura Wood, Senior Manager,
press@researchandmarkets.com
U.S. Fax: 646-607-1907
Fax (outside U.S.): +353-1-481-1716

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