Best’s Market Segment Outlook: Spain Non-Life Sector is Stable
A new Best’s Briefing, “Market Segment Outlook: Spain Non-Life” states that whilst economic growth is forecast to moderate in the medium term, it should remain resilient and continue to be favourable to the insurance industry. However,
Furthermore, recent regulatory changes, the most notable impacting motor (the largest line of business) and funeral expenses insurance, have created challenges, although in A.M. Best’s view, most insurers have adapted well by swiftly revising reserving and pricing policies.
A.M. Best’s stable outlook on the non-life segment is underpinned by the market’s robust credit fundamentals, primarily stemming from a consistently solid technical profitability, amongst the strongest in
To access a complimentary copy of this report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=272253.
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Jessica Botelho, CA, +44 20 7397 0310
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