Home » The insurance invoiced 31,558 million in the first semester, 5.5% more

The insurance invoiced 31,558 million in the first semester, 5.5% more

by archyw

Madrid, Jul 20 (EFE) .- The insurance invoiced 31,558 million in the first half of the year, 5.5% more than in the same period of the previous year, with a better evolution in the life branch than in non-life.

According to the sector’s employer, Unespa, it must be taken into account that it is being compared with the first semester of 2020, when between March and May the country was confined to contain the covid, so it considers it appropriate to compare with that period of 2019, and then the result is a decrease in turnover of 6.4%.

The lines that evolved the best in the first semester were health and multi-perils: health care insurance increased revenues by 4.8% compared to 2020 and 10% if the comparison is made with 2019.

At the same time, property protection policies grew 6.1% in the last 12 months and 9% over the first six months of 2019.

Auto insurance continued to be the line of activity that reported the highest business (5,667 million), but it has not yet recovered from the outbreak of the coronavirus. Invoices the same as in June 2020 but 3.4% less than in 2019.

The category of other lines, which includes a large part of the insurance linked to business activity, shows a positive trend. It contributed 4,868 million euros between January and June, 3.8% more than in 2020 and 1.9% more in relation to 2019.

However, the savings managed by life insurance remained stable in the last two years and at the end of last June, technical provisions amounted to 194,763 million (0.8% more).

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Contributions to savings products show an uneven pattern, because the almost 9,000 million received for this concept at the end of June reflect an increase in savings captured of 10.6% compared to last year (in full confinement), but a decrease of 24 , 8% compared to 2019.

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