Insurance

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 [...]

Portugal’s insurance company Fidelidade and bank BCP are unlikely to be affected by financial problems reported by the Chinese company Fosun. The Chinese authorities have asked China’s largest [...]

The banking and financial services group Montepio has denied that its insurance companies have a €160 million black hole. The assertion had been made by the newspaper Público that its two [...]

Over a dozen insurance companies and a clutch of technology startups learnt about 70 innovative tech products from insurance to distribution at the presentation of a new study ‘Insurtech [...]

Portugal’s public venture capital company Portugal Ventures invested almost €13 million in 70 companies in 2021. Forty-eight of the 70 startups were added to Portugal Venture’s portfolio last [...]

The Allianz Group enjoyed its best results for Q3 ever with €9.9Bn in operational results for the first nine months of the year, up 27.2% like-for-like on 2020 and 82% its target for the entire [...]

DS Seguros, the Decisões and Soluções group company, enjoyed 44% turnover growth in Q3 of 2021 like-for-like on 2020. Between July, August and September 2021 health insurance was the insurance [...]

The Sino-Portuguese insurer Fidelidade says it will appeal against a decision by the competition authority to fine it €300,000. The insurer was fined by the competition authority for acquiring a [...]