What is UNESPA?
UNESPA is the Spanish Association of Insurers. The association was founded in 1977 and represents approximately 200 insurers that together cover almost all the insurance business in Spain. These undertakings have a turnover of 62,000 million euros every year, or in other words, almost 5.1% of Spanish gross domestic product (GDP). Insurance is an industry that resolves tens of thousands of unforeseen events every day. These mishaps range from small setbacks, such as a flat tyre or leak; to big challenges, such as performing a complex surgical operation or prudently managing someone’s life savings for retirement.
To do this work, insurance companies directly employ over 54,000 people, which is almost equally divided between men and women. Added to these workers are the indirect jobs existing in the field of insurance distribution. The provision of care services of all kinds makes insurance a first-rate service platform to society and, as such, it is an important creator of jobs and catalyst for the economy.