Insurers diversify business lines to meet new demand

Spanish insurance market is expected to outgrow the country’s economy, according to a new report from analyst S&P

Spanish economic growth and a relative low insurance penetration will lead to a significant increase in life and non-life insurance, said Standard & Poor’s (S&P) in a recent report, mentioning as well a fast growing industry, more available income and demographic changes as other factors that will also increase demand for insurance products.