Insurance companies are supervised by the government through the Direccion General de Seguros. The Spanish insurance market is characterized by a relatively large number of insurers with one organization dominating the industry. Latest information available indicates an insurance market in Spain with moderate penetration when compared to North America and Europe, especially for life products. Recently, however, Spanish insurance firms such as Euroseguros are taking advantage of linguistic, cultural, and historical ties and are expanding operations to Latin America. Compulsory insurance includes third-party automobile liability, workers' compensation, hunters', nuclear, and professional liability, and personal injury insurance. Workers' compensation and property insurance can only be obtained through the government. Spain's insurance market is made up of both local and foreign insurers, with the local insurers often owned by Spanish banks.