AM Best is maintaining a stable market segment outlook on the Spanish non-life insurance market. Key supporting factors include the market's resilient performance against a backdrop of political turbulence and slowing economic growth, strong technical profitability and solvency metrics and conservative investment portfolios that are able to withstand increased financial market volatility.
A new Best's Market Segment Report, titled, "Market Segment Outlook: Spain Non-Life," notes that these supporting factors are partly offset by an expectation of lower premium volumes due to pressure on gross domestic product driven by the coronavirus (COVID-19) pandemic, as well as the persistent low interest rate environment.
To access a complimentary copy of this special report, please visit http://www3.ambest.com/bestweek/purchase.asp?record_code=297732.
AM Best is a global credit rating agency, news publisher and data analytics provider specialising in the insurance industry. Headquartered in the United States, the company does business in over 100 countries with regional offices in New York, London, Amsterdam, Dubai, Hong Kong, Singapore and Mexico City. For more information, visit www.ambest.com.
Copyright 2020 by A.M. Best Rating Services, Inc. and/or its affiliates. ALL RIGHTS RESERVED.
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Contacts:
Giannina Carbajal Ortiz
Financial Analyst
+31 20 308 5428
giannina.carbajal@ambest.com
Jessica Botelho-Young, CA
Senior Financial Analyst
+44 20 7397 0310
jessica.botelho@ambest.com
Richard Banks
Director, Industry Research EMEA
+44 20 7397 0322
richard.banks@ambest.com
Edem Kuenyehia
Director, Market Development Communications
+44 20 7397 0280
edem.kuenyehia@ambest.com
