Evolution of the Insurance Activity and Pension Funds - 1st Semester 2010
Direct Insurance carried out in Portugal by companies under ISP's supervision experienced an overall 24,3% increase in comparison with the equivalent period of 2009, entirely due to Life Insurance.
As regards Pension Funds and for the same period, the amounts under management decreased 3,6%, reflecting the contraction of capital markets, mostly during the second quarter, which led to a 1,9% negative return of Pension Funds in this semester. As for contributions, there has been a 29% decrease by comparison with 1st Semester of 2009.
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Evolution of the Insurance Activity
Evolution of Pension Funds