2023-08-10 13:05:32
Each Basque citizen spent an average of 1,116 euros on insurance last year. The figure, collected in the report published by the Mapfre Foundation on the Spanish insurance market, highlights that the average cost in Euskadi represents 232 euros less than that marked throughout Spain, where it ranks eighth, far removed from premiums. subscribers at the top of the list with Madrid (1,765), Aragón (1,414) and Catalonia (1,354) leading the way. Canarias (754 euros) and Murcia (795), with the lowest expenses, occupy the other side of the list.
The study prepared by Mapfre Economics also warns that the average cost of premiums in the Basque Country increased last year by about 15 euros compared to 2021. It went from 1,101.5 to 1,115.9 euros, after having It has held almost no rise since the general reduction made in the insurance market in 2020, as a result of the pandemic. Then the average cost per Basque fell from 1,153.1 euros to 1,100.7. The data interrupted the upward trend that had been maintained during the previous decade at the level of all of Spain, which in the Basque case meant registering an expense lower than that already paid in 2012 (then it was 1,108.2 euros).
In total, the premiums paid throughout the Basque Country represented a turnover of 2,477 million euros last year, which represents an increase of 2.2% compared to 2021. This is the third lowest increase after that registered in Navarra, where it was 1.3%, and the exceptional case experienced in Catalonia. There, total premiums fell by 15.4%. It is the only autonomous community that registered negative figures.
Expected ascents
The 1,347.8 euros paid on average by each Spaniard in 2022, meanwhile, represent an increase in costs nationwide of 46.6 euros as a result of the increases in both non-life insurance, which marked 837.3 euros , as in life, where the average was 510.5. Throughout Spain, the rise in premiums reached an average of 4.8%, in an environment marked by economic recovery and inflation not seen in decades.
The rise in interest rates suggests that an upward trend will continue for the time being. The authors of the study have proposed a growth of 2% in non-life insurance for the next two years, while in life insurance there could be a more erratic evolution as a result of changes in the remuneration strategy by the different managers who They act as suppliers of these products.
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