Gross loss ratio for surety insurance in Spain 2005-2022
The loss ratio of surety insurance in Spain fluctuated significantly between 2005 and 2022. As of 2008, with the beginning of the financial crisis, the accident rate of this type of insurance increased considerably, exceeding 530 percent in 2013 before dropping dramatically in the following years. In 2022, the gross loss ratio in surety bonds in Spain stood at 11.3 percent - a significant decrease from the previous year.