The Portuguese non-life insurance segment accounted for the second largest segment of the industry's gross written premium in 2013. The economic turmoil after the global financial and sovereign debt crisis effected the segment's growth during the review period (2009-2013). The segment's gross written premium declined at a review-period compound annual growth rate (CAGR) of -0.4%.
Vehicle sales decreased drastically during the review period due to a decline in national disposable income. Property sales also fell, leading to the overall decline of the non-life insurance segment. However, the three-year bailout received from the IMF, the European Central Bank and the European Commission (EC) ended in May 2014, and is expected to revive the economy. Therefore, the non-life gross written premium is expected to grow at a forecast period (2013-2018) CAGR of 1.3%.
Read more details at: http://www.bigmarketresearch.com/non-life-insurance-in-portugal-key-trends-and-opportunities-to-2018-market
The report provides in-depth market analysis, information and insights into the Portuguese non-life insurance segment, including:
The Portuguese non-life insurance segment's growth prospects by non-life insurance category
Key trends, drivers and challenges for the non-life insurance segment
The various distribution channels in the Portuguese non-life insurance segment
The detailed competitive landscape in the non-life insurance segment in Portugal
Detailed regulatory policies of the Portuguese insurance industry
Analysis of various consumer segments in Portuguese non-life insurance
Key developments in the Portuguese non-life insurance segment
New products launched by Portuguese non-life insurers
This report provides a comprehensive analysis of the non-life insurance segment in Portugal:
It provides historical values for Portugal's non-life insurance segment for the report's 2009-2013 review period, and projected figures for the...