{"id":15022,"date":"2017-09-26T13:00:56","date_gmt":"2017-09-26T11:00:56","guid":{"rendered":"https:\/\/www.joaquinmone.es\/?p=4998"},"modified":"2025-06-02T13:39:13","modified_gmt":"2025-06-02T11:39:13","slug":"bank-bailouts-vs-insurance-company-solvency","status":"publish","type":"post","link":"https:\/\/pibgroupiberia.com\/en\/blog\/los-rescates-a-la-banca-frente-a-la-solvencia-de-las-companias-de-seguros\/","title":{"rendered":"Bank bailouts versus the solvency of insurance companies"},"content":{"rendered":"<p>We recently read a very interesting article by <em><strong>Cinco D\u00edas <\/strong><\/em>y<em><strong> El Pa\u00eds<\/strong><\/em>, and we wanted to echo it. Cases such as <em><strong>Bankia, Cajasur, CAM,...<\/strong><\/em> are well known for the disaster they have meant for the Spanish public coffers. Today we wanted to show why this has not happened in the insurance sector and how it has contributed to Spain.<\/p>\n<h2>Bank bailouts and the difficulty of recovering what has been paid out<\/h2>\n<p>According to the latest report of the Bank of Spain, issued in June 2017, of the <strong>76.41 billion euros<\/strong> that <strong>contributed by our country to banking<\/strong>, shall only be <strong>feasible to recover little more than 20%<\/strong>. It is estimated that only 16.337 billion will be recovered. To date, only just over 4 billion (approximately 6% of what was \u201cinvested\u201d) has been recovered.<\/p>\n<p>The figures are both stark and regrettable, given the difficult situation that Spaniards are going through, as has been the case since the beginning of the crisis. If we do the maths, the cost per Spaniard of this process of bailouts and bank mergers was <strong>more than 1,200 euros per person<\/strong>.<\/p>\n<p><img fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter wp-image-5000\" src=\"\/wp-content\/uploads\/2017\/09\/ahorro-aseguradoras.jpg\" alt=\"Better savings in companies\" width=\"950\" height=\"632\" \/><\/p>\n<h2>The state of the insurance sector - solvency<\/h2>\n<p>Whenever we talk to our clients, especially when they entrust their savings to insurance companies, we explain to them: there is a <strong>fundamental difference<\/strong><\/p>\n<ul>\n<li><strong>Banks:<\/strong> they advance the money, assuming possible risks of non-payment (just what has happened in the crisis due to the lack of control in the granting of loans and mortgages).<\/li>\n<li><strong>Insurers:<\/strong> collect premiums in advance and invest them cautiously to use them if they ever have to pay out a claim<\/li>\n<\/ul>\n<p>Therefore, although both sectors have a very strict and constant regulation, the behaviour of both has been totally different in recent years: banks have lost more than 70,000 jobs and closed more than 30% of their branches, and the banks have lost more than 1,000,000 jobs. <strong>insurers have rebounded in revenues <\/strong>and consolidated their position and solvency. Not surprisingly, the performance of the companies in the stress tests has been spectacular, as the head of Unespa's economic department, Pedro del Pozo, points out.<\/p>\n<h2>Insurers' involvement to help Spain<\/h2>\n<p>In addition, in recent years, Spanish insurers have <strong>demonstrated its commitment to the Treasury<\/strong> Spanish government bonds. Between 2010 and 2016, when many institutions decided not to invest in Spanish government bonds, insurers increased their investment by more than 200%.<\/p>\n<p>If you would like our Savings and Investment Department to advise you on the best <a href=\"https:\/\/pibgroupiberia.com\/en\/location\/zaragoza\/savings-plan\/\">insurance companies where to invest your money<\/a>, we are at your disposal. Be one of the more than 3,500 customers who trust us.<\/p>\n<p>In this regard, a few months ago we talked about how insurance companies were positioning themselves as one of the most important <a href=\"\/en\/blog\/one-more-reason-to-save-money-on-an-insurance-company\/\">reliable alternative to savings<\/a> in banks.<\/p>","protected":false},"excerpt":{"rendered":"<p>Insurers have demonstrated better investment and solvency standards than banks in recent years.<\/p>","protected":false},"author":14,"featured_media":15023,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"yasr_overall_rating":0,"yasr_post_is_review":"","yasr_auto_insert_disabled":"","yasr_review_type":"","footnotes":""},"categories":[16],"tags":[184],"class_list":["post-15022","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-particulares","tag-rentas"],"yasr_visitor_votes":{"stars_attributes":{"read_only":false,"span_bottom":false},"number_of_votes":0,"sum_votes":0},"_links":{"self":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/15022","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/users\/14"}],"replies":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/comments?post=15022"}],"version-history":[{"count":0,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/posts\/15022\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media\/15023"}],"wp:attachment":[{"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/media?parent=15022"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/categories?post=15022"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/pibgroupiberia.com\/en\/wp-json\/wp\/v2\/tags?post=15022"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}