Surety Bonds in Spain 2020

Surety Bonds in Spain is a report and data file about the market for surety bonds and related guarantees in Spain covering both contract bonds and commercial bonds. Based in part on a survey of leading participants in this sector, it provides unique data concerning the value of the Spanish market for such bonds and guarantees, including trends from 2015 to 2019 plus the following segmentations of this market in 2019 alone:

• between the construction sector and other activities;
• between insurance companies, banks and other institutions (e.g. reciprocal guarantee companies);
• for insurance-backed surety bonds only:
  • between contract and commercial bonds, with contract bonds further divided between bid, performance, advance payment, labour and material payment, and maintenance bonds, while commercial bonds are divided between customs, tax, licence and permit, and court bonds;
  • by size of customer, split between small, medium and large enterprises;
  • between domestic and non-domestic underwriters;
  • between cover intermediated by brokers and cover underwritten directly.

It highlights the underwriters of insurance-backed surety bonds that are most commonly used on a regular basis by brokers in each country plus the estimated market shares of underwriters of insurance-backed surety bonds in 2019 expressed as a percentage range (e.g. 5.0% to 7.5%). Finally, forecasts are provided for the likely value of the market for surety bonds and related guarantees in 2023, including a predicted segmentation of that value between insurance companies, banks and other institutions, for each of the eight countries in scope.

For further information about this research, please access the table of contents and series prospectus by clicking on the corresponding links to the left-hand side of this page, or e-mail [email protected].