Insurance Post

Spanish insurance market shows ‘resilience'

spain-150450922-web

An AM Best report has revealed that the country's insurance market is showing resilience as companies begin to focus on profitability.

A report by the credit rating firm said that although GWP contracted further over 2014, the pace at which the market shrank has slowed.

Over the course of 2014, GWP contracted 0.8% and improved over

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