Insurance

Insurance companies that are supervised by the ASF (Portuguese Authority for the Supervision of Insurers and Pension Funds) says the total profits for the sector have fallen 15%. The insurers [...]

The Portuguese insurer Fidelidade has again cornered a 30% of the local market in the first half of 2023. But overall there was a fall in growth in the market in Portugal, particularly in the [...]

Portugal’s largest mutual association Montepio Geral (AAMG) posted profits of €90.8 million in 2022, an increase of 26.9% like-for-like on 2021. The profit was helped by positive results across [...]

The loan insurer Coface posted strong start-of-year net profits of €61.2 million for Q1 of 2203. The result represents an increase of 17% on the profits of €52.3 million posted in Q1 2022. The [...]

The insurer Fidelidade, which is mostly held by the Chinese holding Fosun, is mulling floating Luz Saúde on the Lisbon stock market (Euronext Lisbon) through an IPO while retaining a majority [...]

The number of people looking for private health packages in Portugal rose by 10% or +3.4 million in 2022 according to the Portuguese Insurance Association (APS). At a time when Portugal’s [...]

The Portuguese insurance group Lusitania, which had been accused by the Portuguese Competition Authority (AdC) for having run a cartel with other companies, has been cleared of any violation of [...]

Portuguese insurance companies’ exposure to Credit Suisse totalled €60.7 million or 0.1% of the sector’s total assets. This is according to the Insurance and Pension Funds Supervisory Authority [...]

Non-life insurance premiums are expected to grow over the next five years at a compound annual growth rate (CAGR) of 5.9%, from €5.6Bn in 2021 to €7.6Bn in 2026 according to GlobalData, a [...]

The insurance arm of mutualist financial services group Montepio Geral has received a €7.5 million cash injection. Lusitânia Vida received the lifeline following losses in the group’s investments [...]