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Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020

Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020

Synopsis

Timetric’s 'Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Portuguese non-life insurance segment, including:

  • The Portuguese non-life segment’s detailed outlook by product category
  • A comprehensive overview of the Portuguese economy and demographics
  • A comparison of the Portuguese non-life insurance segment with its regional counterparts
  • The various distribution channels in the Portuguese non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Portuguese insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Portugal
  • Details of regulatory policy applicable to the Portuguese insurance industry
Summary

Timetric’s 'Non-Life Insurance in Portugal, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Portuguese non-life insurance segment, and a comparison of the Portuguese insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions during the review period (2011–2015) and forecast period (2015–2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Portuguese economy and demographics, explains the various types of natural hazard and their impact on the Portuguese insurance industry, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Scope

This report provides a comprehensive analysis of the non-life insurance segment in Portugal:
  • It provides historical values for the Portuguese non-life insurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.
  • It offers a detailed analysis of the key categories in the Portuguese non-life insurance segment, and market forecasts to 2020.
  • It provides a comparison of the Portuguese non-life insurance segment with its regional counterparts
  • It analyzes the various distribution channels for non-life insurance products in Portugal.
  • It analyzes various natural and man-made hazards and their impact on the Portuguese insurance industry
  • It profiles the top non-life insurance companies in Portugal, and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Portuguese non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Portuguese non-life insurance segment.
  • Assess the competitive dynamics in the non-life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Portuguese insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Portuguese insurers offer special motor insurance packages based on age group or profession. This includes young people, students and senior citizens.
  • Property insurance was the second-largest category, accounting for 29.0% of the segment’s gross written premium in 2015.
  • Stabilizing economic conditions, infrastructure investments, commercial construction projects, and renewed investor confidence will support the growth of property insurance over the forecast period.
  • Liability insurance accounted for 19.3% of the segment’s direct written premium in 2015.
  • The segment is highly concentrated, with the 10 leading companies accounting for 81.2% of the segment’s direct written premium in 2015.


  • Key Facts and Highlights
    • Table Portuguese Non-Life Insurance - Key Facts, 2015
    • Table Portuguese Non-Life Insurance - Segment Shares of the Top Insurers, 2015
  • Executive Summary
  • Economy and Demographics
    • Table Portuguese Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Portuguese Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
        • Table Portuguese Non-Life Insurance - Penetration (%), 2011-2015
        • Table Portuguese Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
        • Table Portuguese Non-Life Insurance - Penetration (%), 2015-2020
        • Table Portuguese Non-Life Insurance - Premium per Capita (EUR and US$), 2011-2015
        • Table Portuguese Non-Life Insurance - Premium per Capita (EUR and US$), 2015-2020
      • Policies sold
        • Table Portuguese Non-Life Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Portuguese Non-Life Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Portuguese Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
        • Table Portuguese Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
      • Profitability
        • Table Portuguese Non-Life Insurance - Profitability Ratio (%), 2011-2015
        • Table Portuguese Non-Life Insurance - Profitability Ratio (%), 2015-2020
      • Investments
        • Table Portuguese Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
        • Table Portuguese Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
        • Table Portuguese Non-Life Insurance - Investment Portfolio (EUR Million), 2011-2015
        • Table Portuguese Non-Life Insurance - Investment Portfolio (EUR Million), 2015-2020
  • Outlook by Category
    • Table Portuguese Non-Life Insurance - Direct Written Premium by Category (EUR Million),2011-2015
    • Table Portuguese Non-Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
    • Property Insurance
      • Product overview
        • Table Portuguese Housing Price Changes - January, 2016
      • Premium
        • Table Portuguese Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Portuguese Property Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Claims
        • Table Portuguese Property Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Portuguese Property Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Portuguese Property Insurance - Loss Ratio (%), 2011-2015
        • Table Portuguese Property Insurance - Loss Ratio (%), 2015-2020
    • Motor Insurance
      • Product overview
      • Premium
        • Table Portuguese Motor Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Portuguese Motor Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Policies sold
        • Table Portuguese Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2011-2015
        • Table Portuguese Motor Insurance - Number of Policies Sold by Sub-Category (Million), 2015-2020
      • Claims
        • Table Portuguese Motor Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Portuguese Motor Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Portuguese Motor Insurance - Loss Ratio (%), 2011-2015
        • Table Portuguese Motor Insurance - Loss Ratio (%), 2015-2020
    • Liability Insurance
      • Product overview
      • Premium
        • Table Portuguese Liability Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Portuguese Liability Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Policies sold
        • Table Portuguese Liability Insurance - Number of Policies Sold (Million), 2011-2015
        • Table Portuguese Liability Insurance - Number of Policies Sold (Million), 2015-2020
      • Claims
        • Table Portuguese Liability Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Portuguese Liability Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Portuguese Liability Insurance - Loss Ratio (%), 2011-2015
        • Table Portuguese Liability Insurance - Loss Ratio (%), 2015-2020
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Portuguese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (EUR Million), 2011-2015
        • Table Portuguese Marine, Aviation and Transit Insurance - Direct Written Premium by Sub-Category (EUR Million), 2015-2020
      • Policies sold
        • Table Portuguese Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2011-2015
        • Table Portuguese Marine, Aviation and Transit Insurance - Number of Policies Sold (Thousand), 2015-2020
      • Claims
        • Table Portuguese Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2011-2015
        • Table Portuguese Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2015-2020
      • Profitability
        • Table Portuguese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2011-2015
        • Table Portuguese Marine, Aviation and Transit Insurance - Loss Ratio (%), 2015-2020
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Portuguese Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Million), 2011-2015
      • Table Portuguese Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Million), 2015-2020
      • Table Portuguese Non-Life Insurance - Percentage of Direct Written Premium, by Distribution Channel, 2011-2020
      • Agencies
      • Brokers
      • Bancassurance
      • Direct marketing
      • E-commerce
  • Natural Hazards
    • Table Portuguese Average Annual Loss by Hazard
    • Extreme Temperature
    • Wildfire
    • Floods
    • Exposure
  • Competitive Landscape
    • Table Portuguese Non-Life Segment - Market Shares of Leading Insurers (%), 2015
    • Company Profiles
      • Fidelidade Companhia de Seguros SA - company overview
        • Table Fidelidade Companhia de Seguros SA - Key Facts
        • Table Fidelidade Companhia de Seguros SA - Key Financials (EUR Million), 2011-2015
      • Companhia de Seguros Allianz Portugal SA - company overview
        • Table Companhia de Seguros Allianz Portugal SA - Key Facts
        • Table Companhia de Seguros Allianz Portugal SA - Key Financials (EUR Million), 2011-2015
      • Companhia de Seguros Tranquilidade SA - company overview
        • Table Companhia de Seguros Tranquilidade SA - Key Facts
        • Table Companhia de Seguros Tranquilidade SA - Key Financials (EUR Million), 2011-2015
      • Açoreana Seguros SA - company overview
        • Table Açoreana Seguros, SA - Key Facts
        • Table Açoreana Seguros, SA - Key Financials (EUR Million), 2011-2015
      • Ocidental - Companhia Portuguesa de Seguros de Vida SA - company overview
        • Table Ocidental - Companhia Portuguesa de Seguros de Vida SA - Key Facts
        • Table Ocidental - Companhia Portuguesa de Seguros de Vida SA - Key Financials (EUR Million), 2011-2015
  • Governance, Risk and Compliance
    • Table Portugal - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulation
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Portugal - Life Insurance Regulatory Framework
      • Property insurance
        • Table Portugal - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Portugal - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Portugal - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor vehicle third-party liability insurance
      • Workers' compensation insurance
      • Fire insurance for property damage
      • Air carriers and aircraft operators insurance
        • Table Portugal - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Liability insurance for tour operators
      • Health insurance for foreigners
      • Professional liability insurance for insurance intermediaries
      • Environmental liability insurance
      • Clinical trials liability insurance
      • Liability insurance for ships with respect to oil pollution
    • Supervision and Control
      • International Association of Insurance Supervisors
      • European Insurance and Occupational Pensions Authority
      • Federation of European Risk Management Associations
      • Insurance and Pension Fund Supervision Authority
      • Portuguese Association of Insurers
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and Penalties
    • Company Registration and Operations
      • Type of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margin
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Portugal - Stamp Duty on Insurance Premium
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Portugal - Corporate Tax Rates for the Financial Year 2017
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution
  • Databook
    • Policies and Premium
      • Table Portuguese Insurance Industry - Policies and Premium, 2011-2015
      • Table Portuguese Insurance Industry - Policies and Premium, 2015-2020
    • Claims and Expenses
      • Table Portuguese Non-Life Insurance - Claims and Expenses, 2011-2015
      • Table Portuguese Non-Life Insurance - Claims and Expenses, 2015-2020
    • Assets and Investments
      • Table Portuguese Non-Life Insurance - Assets and Investments, 2011-2015
      • Table Portuguese Non-Life Insurance - Assets and Investments, 2015-2020
    • Direct Marketing and E-Commerce
      • Table Portuguese Non-Life Insurance - Direct Marketing and E-Commerce, 2011-2015
      • Table Portuguese Non-Life Insurance - Direct Marketing and E-Commerce, 2015-2020
    • Insurance Brokers and Agencies
      • Table Portuguese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Portuguese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Bancassurance and Other Distribution Channels
      • Table Portuguese Non-Life Insurance - Insurance Brokers and Agencies, 2011-2015
      • Table Portuguese Non-Life Insurance - Insurance Brokers and Agencies, 2015-2020
    • Property Insurance
      • Table Portuguese Non-Life Insurance - Property Insurance, 2011-2015
      • Table Portuguese Non-Life Insurance - Property Insurance, 2015-2020
    • Property Insurance by Product
      • Table Portuguese Non-Life Insurance - Property Insurance by Product, 2011-2015
      • Table Portuguese Non-Life Insurance - Property Insurance by Product, 2015-2020
    • Motor Insurance
      • Table Portuguese Non-Life Insurance - Motor Insurance, 2011-2015
      • Table Portuguese Non-Life Insurance - Motor Insurance, 2015-2020
    • Motor Insurance by Product
      • Table Portuguese Non-Life Insurance - Motor Insurance by Product, 2011-2015
      • Table Portuguese Non-Life Insurance - Motor Insurance by Product, 2015-2020
    • Liability Insurance
      • Table Portuguese Non-Life Insurance - Liability Insurance, 2011-2015
      • Table Portuguese Non-Life Insurance - Liability Insurance, 2015-2020
    • Marine, Aviation and Transit Insurance
      • Table Portuguese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2011-2015
      • Table Portuguese Non-Life Insurance - Marine, Aviation and Transit Insurance, 2015-2020
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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