Market Research Report Spain insurance Market research,Spain insurance

Spanish Health Insurance industry Gaining Popularity- ken
Research
The Spanish healthcare system is known to be one of the best in the world.
It provides free healthcare to almost all its citizens. The system is funded
by social security payments and hence, most of the citizens do not require
any private health insurance. All workers in Spain, whether employed or
self-employed are required to pay income tax (social security payment)
which automatically makes them eligible for free state health insurance,
which is known as NHS or National Health Service. This free service has
left little scope for private insurance players in the country. However,
sometimes, private health insurance is required because of some special
need.
According to the market Research Report "Personal Accident and Health
Insurance in Spain, Key Trends and Opportunities to 2020", private
insurance players in Spain offer special packages which are specific to age,
health condition and other circumstances. In addition, because of
increasing debt, the government has decided to reduce the spending on
public health insurance. This has resulted in a thriving insurance industry
in Spain as people are expected to move towards private insurance. The
personal accident and health segment accounted for the lowest industry