Best’s Market Segment Report: AM Best Maintains Stable Outlook on Spain’s Non-Life Insurance Market

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.

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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

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Giannina Carbajal Ortiz
Financial Analyst
+31 20 308 5428

Jessica Botelho-Young, CA
Senior Financial Analyst
+44 20 7397 0310

Richard Banks
Director, Industry Research – EMEA
+44 20 7397 0322

Edem Kuenyehia
Director, Market Development & Communications
+44 20 7397 0280