Allianz Spain continues to lead the new Non-Life production issuances month after month in the broker channel, with a monthly average of 27%. Its highest peak to date is at May, when he got a 30,66% of the total. In September it accounted for 25,76% of the business.
Reale Insurance is placed in second position with a market share of 14,71% in September, a position it has maintained in 5 of the 9 months analyzed. In third position is Mapfre with 10,9% of emissions, also showing good performance throughout the year, while it has been in second position for a total of 4 months until September.
We can highlight the fact that the sum of the percentages of Reale y Mapfre (second and third position) in September is practically the same as the one achieved Allianz By itself.
Analysis of cumulative emissions during 2024
As expected, Allianz maintains the leadership in the cumulative from January to September 2024, with 28,19% of the market and with the companies Generali y Reale fighting for second place with very similar values: 10,87% and 10,83% respectively.
The top 5 of the accumulated figures are closed by the companies Mapfre y West with 10,46% and 9,46% of total emissions respectively, maintaining their relevance in the sector.
Thus, The top 5 companies in the ranking account for almost 70% of emissions in the corridor channel during this year 2024.
Finally, Axa (7,14%), Generali ON (6,07%) and Zurich (5,78%), maintain their market share stable; Pelayo (2,95%) and Fiatc (2,09%) complete the top 10 of the ranking, with a lower market share but being important players within their segment.
In this study of PRISMA Regarding market performance throughout 2024, the management of New Production (non-Life) by insurers is analyzed both individually (month by month) and in its accumulated result, allowing us to see the particular behavior of each of them.
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