Health, corporate and multi-risk withdraw insurance in the third quarter

Insurance premiums collected at the end of September amounted to 47,481 million euros, 5.67% more than in the same period of the previous year.

Of the turnover achieved in the first nine months of the year by Spanish insurance companies, 30,060 million euros corresponded to the non-life branch and the remaining 17,422 million to life, according to provisional data collected by the Research Cooperative of Insurance Entities (ICEA). .

The health branch, the coverage for companies, as well as the multi-risk insurance are those that show the greatest dynamism, explains in a Unespa statement.

Non-life insurance, positive

The turnover of the non-life business is clearly positive. It records a 5.72% year-over-year increase compared to the end of the summer of 2021. Health insurance grows 7.30% year-on-year and contributes 7,915 million.

For its part, business insurance, included in the “other damage” category, totaled 7,251 million euros and grew by a further 6.89% in the last 12 months. Meanwhile, multi-risk coverage increased 5.94% year-on-year to 6,374 million.

Car insurance speeds up

Auto insurance is evolving rapidly. At the end of last September, this line of business contributed 8,520 million euros. This figure is 3.19% higher than that recorded at the end of the third quarter of 2021.

As regards the life business, reflected in premium income, Unespa shows an increase of 5.59% year on year. The volume of savings managed by insurers, on the other hand, decreased by 0.85% from one year to the next. Technical reserves amounted to 191,531 million at the end of last September.