Consult a ranking of solvency of insurers It can be useful before contracting insurance, especially when we are talking about long-term products such as life insurance, savings, retirement, or annuities. However, solvency should not be interpreted as the only criterion for choosing a company.
An insurer may have a high solvency ratio and not necessarily be the best option for your specific case. It is also worth considering coverage, price, service, experience with claims, branch specialization, transparency, financial stability, and prior advice.
At PIB Group Iberia we work as an insurance broker and analyze different solutions for individuals, professionals and companies. This allows us to compare options independently and help you choose a policy that suits the risk you want to protect.
Updated in August 2026
This content has been reviewed using recent public data on Solvency II, the SFCR 2025, rialsector rankings, and supervisory criteria applicable to the Spanish insurance market.
Quick answer: Which insurer is the most solvent?
- Solvency is measured by comparing the available capital with the capital required by the regulator.
- A ratio above 100% indicates that the entity covers the mandatory solvency capital.
- In the sample analyzed with the SFCR 2025 data, the aggregated ratio is around 233%.
- The range observed among the main entities analyzed goes approximately from 132% to 439%.
- The most solvent company does not have to be the best for all insurance policies.
Ranking of solvency of insurers
For this ranking, we have taken as a reference public data derived from SFCR reports and recent rialsector analyses. The entities are presented anonymously as Insurance Company 1, Insurance Company 2, Insurance Company 3 and successive, to focus the analysis on the solvency criterion and avoid direct commercial comparisons between brands.
This ranking should not be interpreted as an automatic recommendation for hiring. The solvency ratio measures financial strength against the required capital, but does not in itself evaluate price, quality of service, coverage, specialization, claims management, or the product's suitability for the client.
Insurance Company 1
It has the highest solvency ratio within the analyzed sample. It is a relevant reference for financial flexibility, although it must be interpreted in conjunction with the business type and the entity's risk profile.
Insurance Company 2
It also shows a very wide solvency position, with available capital well above the regulatory minimum required by Solvency II.
Insurance Company 3
It maintains a ratio well above the minimum threshold required. It can be considered a relevant outlier within the analyzed set.
| Position | Anonymous entity | Approximate solvency ratio | Practical reading |
|---|---|---|---|
| 1 | Insurance Company 1 | 439% | Maximum capital flexibility within the analyzed sample. |
| 2 | Insurance Company 2 | 395% | Position of solvency far exceeding the required capital. |
| 3 | Insurance Company 3 | 326% | High coverage capacity against SCR. |
| 4 | Insurance Company 4 | 232% | In line with the average of the sample. |
| 5 | Insurance Company 5 | 226% | Comprehensive solvency, with available capital exceeding twice the minimum requirement. |
| Reference | Added to the sample | 233% | Available capital more than sufficient compared to the SCR added. |
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The main reading is clear: the main entities analyzed maintain, in aggregate, a solvency position above the regulatory capital required. Nevertheless, there is a significant dispersion among entities, so it is advisable to avoid simplistic conclusions.
What does an insurer's solvency ratio mean?
The Solvency ratio It compares the eligible own funds of an insurance company with the mandatory solvency capital that it must maintain for the risks it assumes.
In simple terms:
- A ratio of 100% indicates that the insurer covers the mandatory solvency capital.
- A ratio higher than 100% It reflects that it has additional capital in excess of the minimum required.
- A very high ratio It can show flexibility, but it must also be interpreted according to the branch, the business model, and the appetite for risk.
The Law 20/2015, on the regulation, supervision and solvency of insurance and reinsurance entities, It establishes the framework for calculating the mandatory solvency capital and the obligation to publish information on the financial and solvency situation.
Solvency II: the framework that regulates insurers
Insurance companies operating in Spain are subject to the framework of Solvency II, A European risk-based supervision system. Its objective is to ensure that institutions have sufficient capital to meet their commitments to policyholders, insureds and beneficiaries.
This framework is generally structured into three pillars:
| Pilar | What it regulates | Why it matters to the customer |
|---|---|---|
| Pilar I | Quantitative requirements for capital, technical provisions and own funds. | It allows assessing whether the entity has sufficient resources to cope with the risks it has assumed. |
| Pilar II | Corporate governance, risk management and internal control. | It provides information on how the entity manages itself and how it controls its risks. |
| Pilar III | Report, transparency, and publication of the SFCR report. | It facilitates that customers, supervisors, and the market access relevant financial information. |
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SCR, MCR and SFCR: key concepts for understanding solvency
When reviewing the solvency of insurance companies, it is common to encounter technical acronyms. The most important of these are:
See what SCR means
The SCR, The Solvency Capital Requirement represents the capital that an insurer must have to cover the risks assumed under Solvency II. It is one of the key indicators for measuring the financial strength of an insurance entity.
See what MCR means
The MCR, The minimum capital requirement, or minimum capital requirement, is the minimum level of capital below which the entity's situation would require particularly relevant supervisory measures. It should not be confused with the SCR, which is the most commonly used indicator for assessing the solvency ratio.
See what SFCR means
The SFCR It is the Financial and Solvency Report that insurers must publish annually. It includes information on activity, results, governance system, risk profile, valuation of assets and liabilities, and capital management.
Ranking of insurers by solvency, size and rating: differences
Not all insurer rankings measure the same things. This difference is important because many searches mix concepts such as solvency, premium volume, rating, opinions, or the size of the company.
| Type of ranking | What it measures | How to interpret it |
|---|---|---|
| Creditworthiness ranking | Available capital compared to the regulatory capital required. | It is used to assess financial strength, but it does not replace the analysis of the policy. |
| Ranking by bonuses | Volume of business or premiums issued by an entity or group. | Indicates size or market share, not necessarily greater solvency. |
| Insurance rating | External evaluation of financial capacity and credit risk. | It can provide additional information, if appropriate, from recognized agencies. |
| Ranking of opinions | Customer ratings on service, attention or claims management. | It helps detect patterns in experience, but it can be biased by specific cases. |
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Ranking of insurance companies in Spain by volume
The volume of premiums allows identifying the main insurers in Spain by business size. However, this data should not be confused with solvency. A company can lead a ranking in premiums and not occupy the first position in solvency ratio.
As a guide, the ICEA rialsector rankings allow you to consult direct insurance data by entities and groups. In this content, we keep the entities anonymous to avoid direct commercial comparison.
| Position by volume | Anonymous group | Practical reading |
|---|---|---|
| 1 | Group 1 | Higher volume of premiums within the surveyed ranking. |
| 2 | Group 2 | Prominent position due to market share, not necessarily by solvency ratio. |
| 3 | Group 3 | An entity with a strong sectarianrial presence and a significant market presence. |
| 4 | Group 4 | Important volume, but it must be analyzed in conjunction with the branch, solvency, and product. |
| 5 | Group 5 | Significant presence in the market, with a different reading of financial solvency. |
On mobile, slide the table horizontally to see all the information.
You can consult the rankings rialsections published by ICEA to review the information available by branch, entity, and group.
Is the most solvent insurer always the best?
Not necessarily. Creditworthiness is an important criterion, but it is not enough to decide which company to hire. A policy must be evaluated based on the risk to be covered and the specific conditions of the contract.
For example, in a household insurance It may be more important to analyze water damage, civil liability, emergency assistance, theft, glass, or compensation limits. In a health insurance, The medical history, the deficiencies, and hospitalization may weigh more in the final decision.
In contrast, in long-term products such as life insurance, In savings, retirement or income, the financial strength of the entity takes on special importance, because the commitment can be maintained for many years.
What should I check before hiring an insurer?
To choose correctly between different insurance companies, it is advisable to review several factors:
- Solvency: Solvency ratio, SFCR and financial situation.
- Specialization: Experience of the entity in the field you want to hire them for.
- Coverings: Actual coverage of the policy, limits, exclusions and limitations.
- Service: Customer service, claims management and contact channels.
- Price: Initial premium and predictable evolution in renewals.
- Transparency Contractual clarity, documentation and conditions.
- Reputation: Opinions, complaints and experiences from other customers.
- Advice: The ability to compare different options before contracting.
Do you want to compare insurers on a criteria-based basis?
At PIB Group Iberia we analyze solvency, coverage, price, exclusions, service, and risk suitability to help you choose an option tailored to your case.
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What role does the Insurance Compensation Consortium play?
The Spanish health insurance system has oversight bodies and specific mechanisms for certain situations. The Insurance Compensation Consortium It is a public companyrial with legally defined functions, including those related to certain risks and the liquidation of insurance companies in the cases provided for by the regulations.
This does not mean that the Consortium covers any problems with an insurer or any denied claims. Each case depends on applicable law, the policy, and the type of damage or commitment insured.
How to interpret insurance company opinions and rankings?
Searches on ranking of insurers in Spain, The best insurance companies, Most valued insurers o rating insurers They address the same concern: knowing which company is reliable before hiring.
Opinions can provide useful information about customer service, response time, or claims management, but they do not replace technical analysis. A customer may negatively assess a company for coverage that was not contracted or for an exclusion that was included in the policy.
Before making a decision based on a ranking, review:
- What criteria does the ranking measure;
- If it is updated;
- If you compare specific entities, groups, or products;
- It distinguishes between life, health, home, car, business, or savings;
- If you use official data, customer opinions, or private estimates;
- If the ranking matches the insurance you really need.
Solvency and savings insurance: why it is especially important
Solvency takes on special importance in products with a long time horizon. In savings, retirement, life, or income insurance, the customer not only seeks immediate coverage but also the ability of the entity to fulfill future commitments.
Therefore, when comparing savings or retirement products, it is advisable to check:
- Insurance company that assumes the commitment;
- Guarantees offered;
- Duration of the product;
- Liquidity and rescue conditions;
- Expected or guaranteed profitability, if applicable;
- Costs, penalties and taxation;
- Financial situation and solvency of the company.
At PIB Group Iberia, we can help you analyze savings, life, and retirement solutions from a global perspective, taking into account both the profitability and the security of the product.
Common errors when consulting an insurer ranking
When searching for the best insurer, it is common to make interpretation errors that can lead to a bad decision.
- Confusing size with solvency: A large insurer does not always lead the solvency ranking.
- Choosing only by price: A lower premium may mean fewer coverages or reduced limits.
- Relying solely on opinions: Individual experiences do not always reflect the actual performance of a policy.
- Not distinguishing between branches: A company can be very strong in health care and not be the best choice for savings or business.
- Do not review exclusions: Solvency does not prevent problems if the policy does not cover the incident.
- Do not update the information: The rankings change every year and must be reviewed with recent data.
- Not having advice: Comparing insurance requires reviewing conditions, not just public rankings.
How to choose a reliable insurer?
To choose a reliable insurer, it is advisable to combine financial information, product analysis, and expert advice. Creditworthiness is an important part of the decision, but it should be integrated within a broader comparison.
A good choice should answer these questions:
- Does the entity have an adequate financial position?
- Does the policy cover exactly the risk I want to protect?
- Are the limits and exclusions reasonable?
- Does the price match the level of coverage?
- Is the insured bouquet a specialty of that company?
- Do I have better alternatives with other insurers?
- Am I comparing equivalent products?
Compare insurers with personalized advice
A solvency rating can help you understand an insurer's financial strength, but the final decision should be tailored to your profile, the type of insurance and the specific risk you want to cover.
At PIB Group Iberia we can help you compare alternatives by considering solvency, coverage, price, exclusions, service, branch specialization and contracting conditions.
Requests a personalized assessment and sarewe reviewed which insurer and which solution might best suit you, with the independence that comes with being an insurance broker.
