Insurance and Pension Funds evolution - 1st Semester 2014
Direct insurance in Portugal carried out by insurance companies under ISP supervision registered an overall 18.5% increase over the same period of 2013, due to the performance of Life Insurance. The overall net profit for this period amounted to 256.9 million euros and the solvency margin coverage rate stood at 229%.
In this same first half of the year, the amounts managed by pension funds saw an year-on-year increase of 12.5%, with contributions to pension funds growing by 272.5%.
Evolution of the Insurance activity Evolution of Pension Funds
ISP launches Quantitative Impact Study
In preparing the insurance market for the entry into force of the new solvency regime, from January 1, 2016, the ISP launched a mandatory quantitative impact study nationwide, aimed at all companies subject to its prudential supervision.
You can choose to enable or disable cookies. However, some parts of our websites may not function
properly if cookies are disabled.