Spanish premiums hit by downturn

Spanish premiums hit by downturn

Spanish premiums hit by downturn

Insurance premiums were down in Spain last year, as the industry suffered from a tough economic downturn. According to the latest data released by UNESPA, Spain’s insurance association, premiums collected by insurance companies in the country fell 3.8% in 2010, reaching €57.47bn.

Proposed Spanish law may restrict D&O coverages

Proposed Spanish law may restrict D&O coverages

Proposed Spanish law may restrict D&O coverages

Spanish companies might have their option to buy civil liability protection for managers restricted as the new Insurance Contract Act, which is currently being drafted by the Spanish Parliament, could forbid insurers to include coverage for monetary sanctions imposed on executives for penal and administrative reasons in their policies.

The time is now-Spain

The time is now-Spain

The time is now-Spain

There is a sharp focus on risk management in both the Spanish and Portuguese economies as they struggle to pull themselves out of recession. The Madrid Risk Frontiers roundtable found a group of Spanish and Portugese risk managers eager to grasp the opportunity and challenge of turning this interest into true ERM action.