Spanish insurers opt for head in sand strategy as debt crisis deepens-Comment

Spanish insurers opt for head in sand strategy as debt crisis deepens-Comment

Spanish insurers opt for head in sand strategy as debt crisis deepens-Comment

Insurance companies in Spain operate today in a stagnated economy with little hope of growth in the foreseeable future. The dire state of Spain’s finances and suspicions about the country’s banking system have prompted justifiable ratings downgrades of Spanish insurers by agencies such as Fitch and Standard & Poor’s. So on what would the Spanish insurance industry focus as they gathered this week? Not a lot.

Business urged to respond to rise in litigation by employees in Spain

Business urged to respond to rise in litigation by employees in Spain

Business urged to respond to rise in litigation by employees in Spain

Spanish companies must be prepared to face more frequent litigation from their employees, risk managers were warned in Madrid during a morning-long seminar about trends for the next round of renewals organised by Iniciativa Gerentes de Riesgos Españoles Asociados, IGREA, one of Spain’s two risk management associations.

Agers conference told premium prices will be kept in check at renewals

Agers conference told premium prices will be kept in check at renewals

Agers conference told premium prices will be kept in check at renewals

There is no hard market on the horizon for Spanish insurance buyers as the effects of sluggish economic growth in the country combined with an abundance of capital and strong competition in the insurance market should keep premium prices in check for most lines in 2012 with some buyers still achieving rate discounts, an audience of hundreds of risk managers were told in Madrid.