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Spain combats 1980s legacy

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Tag12Value
LDR  00000nab a2200000 i 4500
001  MAP20071021930
003  MAP
005  20080418120611.0
007  hzruuu---uuuu
008  950306e19930901irl|||| | |00010|eng d
040  ‎$a‎MAP‎$b‎spa
084  ‎$a‎322
1001 ‎$0‎MAPA20080021177‎$a‎Brown, Sara
24510‎$a‎Spain combats 1980s legacy‎$c‎Sara Brown
520  ‎$a‎The chaos was promoted by the booming climate of the late-1980s, when foreign insurers rushed to get a foot in the market. But by 1990, insurers and the authorities were forced to take serious steps to shape up the sector. A recent study by the sector's regulatory authority, Dirección General de Seguros, found that 25 percent of the companies in the sector accounted for a combined market share of barely 3 percent, a long way from a viable turnover. Capital requirements introduced earlier this year are likely to provoke the merger or disappearance of many them. Distribution of motor products is mainly through tied agents and brokers and commissions have been extremely high, at 15-20 percent. Few companies use telephone sales or mass distribution outlets such as shopping centres or banks. Only two, MAPFRE Mutualidad and Mutua Madrileña, use direct sales methods
61027‎$0‎MAPA20080472214‎$a‎MAPFRE Mutualidad de Seguros y Reaseguros a Prima Fija
61027‎$0‎MAPA20080451882‎$a‎Mutua Madrileña Automovilista, Sociedad de Seguros a Prima Fija
65011‎$0‎MAPA20080603779‎$a‎Seguro de automóviles
65011‎$0‎MAPA20080586294‎$a‎Mercado de seguros
65011‎$0‎MAPA20080540913‎$a‎España
65011‎$0‎MAPA20080590567‎$a‎Empresas de seguros
65011‎$0‎MAPA20080610326‎$a‎Distribución de seguros
7400 ‎$a‎Insurance industry international
7730 ‎$w‎MAP20090015111‎$t‎Insurance industry international‎$d‎Dublin : Lafferty Publications‎$g‎Issue 17, September 1993 ; p. 11