Edition 1505
15 December 2018
Edition: 1505

Read this week's issue online exactly as it appears in print.

Twitter

Insurance sector profit rises to €350m in 2017

by TPN/Lusa, in Business · 22-02-2018 14:21:00 · 0 Comments

Profit in the Portuguese insurance sector more than doubled to €350 million in 2017 compared to 2016, with the volume of direct insurance increasing 4.1 percent to €10.701 billion, according to the sector regulator.

The Supervisory Authority for Insurance and Pension Funds (ASF) said in a statement on its website that there had been growth of 120 percent in net results of the 43 insurance companies under its supervision, adding that of these, 34 “presented positive results.”
In terms of the volume of insurance production, the Life segment (including life insurance and financial insurance, for example) increased by 3.2 percent and Non-Life (motor insurance, health insurance, accident insurance, among others) by 5.6 percent.
“The Life segment reversed the downward trend of the last two years, notably the weight of Retirement Savings Plans (PPR), which in 2017 accounted for about 33 percent of Life production (26 percent in 2016), with production increasing by 30 percent,” the ASF noted.
In the non-life segment, the branches that contributed most to the increase in production were Accidents at Work (11.5 percent), Health (8.8 percent) and Automotive (3.9 percent), which account for about 70 percent of the total portfolio.

Comments

Be the first to comment on this article

Interactive Topics, send us your comments/opinion on this article.


Edition 1505
15 December 2018
Edition: 1505

Read this week's issue online exactly as it appears in print.

Twitter

Pub

  • Malo Clinic
  • Cris Piessens
  • Bedrooms Extra
  • Nobel International School
  • Linen Etc
  • Intermarche
  • Abacoz
  • Intasure
  • Veronica Pisco Lawyer
  • Blacktower
  • Toldolanda
  • Audiocare
  • R.C. Brown
  • Land and Houses
  • Wellness Dreams

Portugal in the world press

Powered by Google