The Spanish insurance market in 2025

Sector information - June 24, 2026

The report outlines the performance and outlook for the insurance industry in Spain, from both a short- and medium-term perspective. It analyzes aspects such as premium trends, profitability, structural indicators, and the insurance protection gap, supplemented by an analysis of the macroeconomic and demographic context and the solvency position of insurance companies. Overall, the Spanish insurance sector experienced a recovery in growth within a stable macroeconomic environment, driven by the recovery of the life insurance segment and the dynamism of the non-life segment, which led to an improvement in both penetration and density indicators. Finally, insurance companies operating in Spain consolidated a solid financial position, with a robust aggregate solvency ratio.

Share on