Reinsurance in Spain, Key Trends and Opportunities to 2017, New Report Launched

Despite the global financial and European debt crises, the Spanish reinsurance segment registered a review-period (2008−2012) CAGR of 9.6%, increasing from EUR3.2 billion (US$4.6 billion) in 2008 to EUR4.6 billion (US$5.9 billion) in 2012. The Insurance Compensation Consortium (CCS) provides cover for all natural disaster events through a compulsory surcharge based on sums insured, which set a very low requirement for insurers to seek natural disaster reinsurance, which includes unexpected natural and socio-political risks. With gradual economic improvement and increasing public confidence in insurance products, the segment is expected to post a forecast-period (2012−2017) CAGR of 7.1%.

The report provides in depth market analysis, information and insights into the Spanish reinsurance segment, including:

• The Spanish reinsurance segment's growth prospects by reinsurance categories
• Key trends and drivers for the reinsurance segment
• The Spanish reinsurance segment’s growth prospects by reinsurance ceded from direct insurance segments
• The competitive landscape in the Spanish reinsurance segment

Scope

This report provides a comprehensive analysis of the reinsurance segment in Spain:

• It provides historical values for Spain’s reinsurance segment for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period.
• It offers a detailed analysis of the key sub-segments in Spain’s reinsurance segment, along with market forecasts until 2017.
• It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Spain and its growth prospects.

Reasons To Buy:

• Make strategic business decisions using in depth historic and forecast market data related to the Spanish reinsurance segment and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Spanish reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Spanish insurance industry and its impact on companies and the market's future

Key Highlights:

• The Spanish reinsurance segment continued to grow at stable rate during the review period, despite the variable nature of the industry during this time.
• Due to provisions by the CCS, there is little need for insurers to seek catastrophic reinsurance, which includes unexpected natural and sociopolitical perils.
• Solvency II implementation is expected to increase demand for reinsurance as minimum capital requirements will rise and firms will concentrate on adopting risk mitigation strategies.
• Reinsurers continue to explore the segment’s growth potential.

Spanning over 79 pages, 30 tables and 45 figures “Reinsurance in Spain, Key Trends and Opportunities to 2017” report covering the Spanish Insurance Industry Attractiveness, Reinsurance Growth Dynamics and Challenges, Key Industry Trends and Drivers, Competitive Landscape and Strategic Insights, Business Environment and Country Risk, Appendix. The report covering 9 companies- Mapfre Re, Nacional de Reaseguros SA, Swiss Re, ACE Tempest Reinsurance Ltd, Banco Santander, SA, XL Re, General Reinsurance AG, Scor Re, RGA Re.

Inquiry for more information visit:  http://www.marketresearchreports.com/timetric/reinsurance-spain-key-trends-and-opportunities-2017

Find All Country Overview (Banking and Finance) Reports at: http://www.marketresearchreports.com/country-overview-banking-finance

For regular industry updates subscribe to our newsletter at: http://www.marketresearchreports.com/subscribe-to-newsletter