Section: Electronic documentsTitle: Insurance industry and country risk assessment: Spain life / S&P Global RatingsAuthor: S&P Global RatingsPublication: New York : Standard & Poor's Financial Services LLC, 2026Physical description: 4 p.Notes: Sumario: S&P Global Ratings assesses the Spanish life insurance sector's industry and country risk as supportive, expecting strong profitability to continue. Return on assets was about 1.25% in 2025 and is projected to decline only marginally in 20262027 amid average interest rates slightly above 3%. Higher rates support margins on guaranteed products and have spurred demand for savings and protection policies, with GPW rebounding 23% in 2025 and forecast to grow 2%3% in 20262027. The market benefits from strict assetliability matching, lowering interestrate and surrender risks. Governance is robust under the Dirección General de Seguros y Fondos de Pensiones and Solvency II, with ongoing integration of AI and data governance. Capitalization remains strong, with a sector Solvency II ratio near 240% (Sep. 2025). Despite progress, limited tax incentives constrain market development.Materia / lugar / evento: Mercado de segurosGerencia de riesgosPerspectivas del seguroTipos de interésPrimasEspañaOtros autores: Standard & Poor's Financial Services LLCOther categories: 341Rights: In Copyright (InC)Referencias externas:
