Insurance and Pension Funds Reports Direct insurance carried out in Portugal in the first three months of 2014 by insurance companies under the ISP supervision registered an increase of 23.5% over the same quarter of 2013. The Solvency Margin Coverage Rate of the companies supervised by the ISP stood, in March 2014, in the order of 220%.
The value of assets managed by pension funds represented, by the end of March 2014, 15.8 billion euro, a 4.6% increase compared to the values of the end of 2013.
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.
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