The challenge faced by Insurance Companies with the introduction of the Expected Return in Spain.

The inclusion of the Expected Return into the rules governing the insurance regulation in Spain may be considered an important step to improve the transparency of the insurance system. The implementation of the Expected Return will allow to carry out a comparison, in terms of profitability, between insurance products offered by different companies. One of the objectives of this paper is to propose the methodology that should be followed for the calculation of the Expected Return, so that this indicator fulfills its main purpose: to compare different insurance products. The second contribution of this paper will allow to analyze the impact that the change in the premium value has on the Expected Return, so that it can become a new element to be considered by insurance companies. [ABSTRACT FROM AUTHOR]