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Doczy: 03 Gru 2023
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 Wysany: Nie Gru 03, 2023 08:29 Temat postu: The coronavirus knocks down insurance income, which falls by |
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The coronavirus crisis and the paralysis of the economy that occurred due to the restrictive measures to contain it were the main cause of the "historic" fall of 8.3% registered in 2020 in the income of Spanish insurance companies, which stood at 58,850 million of euros. The data were presented this Tuesday by those responsible for the insurance employer, Unespa, Pilar Gonzlez de Frutos, and the consulting firm Icea, Jos Antonio Snchez, who highlighted the 20.78% cut suffered by life premiums, Furthermore, they have been burdened for years by low interest rates. Regarding the forecasts for 2021, Snchez, who does not usually provide data to the media, wanted to send a positive message and has been convinced that the evolution of the sector will depend on the effectiveness of the vaccines, so if 70 % of the population is vaccinated in June, as expected, the non-life sector could grow 3% this year. As for the life sector, the forecasts are not so positive because in addition to the pandemic, he explained, it is influenced by low interest rates, so there could be a "not very significant" fall .
At the moment, according to 2020 data, the sector obtained income of 37,046 million euros from the non-life branch, 1.07% more, while life products saw their contribution reduced to 21,804 million euros, the aforementioned 20.78% less. The volume of savings managed through insurance remained, however, "stable" and technical provisions stood at 193,826 million euros. In this sense, Gonzlez de Frutos has once again Phone Number Data described as "not correct" the Government's decision to limit from 8,000 to 2,000 euros the tax-deductible contributions that participants in individual pension plans can make, especially because collective business plans have not yet They are very developed in Spain. He also regretted that the sector found out about the increase in the tax on insurance premiums at the press conference that followed the council of ministers that approved the Budget bill. "And in those conditions it is difficult to have a productive dialogue . "
Regarding the consequences of the snow storm Filomena, which occurred a week ago, he announced that insurers that sell Home insurance received some 60,500 claim notices between January 6 and 14 alone due to the devastating passage of the phenomenon, and they expect a real "avalanche" in the coming days, as the damage emerges. Regarding the assessment of the impact of Filomena made by the mayor of Madrid, Jos Luis Martnez-Almeida, which amounts to around 1.4 billion euros, Gonzlez de Frutos did not want to judge "whether it is correct or not" , but explained that it probably includes things that insurance does not cover. Returning to the 2020 data, the business lines that most suffered the fall of the Spanish economy were life savings, automobile and miscellaneous insurance. Automobile insurance reduced its turnover by 1.96% year-on-year and closed 2020 with income of 11,091 million euros, while "miscellaneous" insurance fell 0.
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