Life insurance was the largest segment in the Portuguese insurance industry in 2013. Portugal’s weak economic environment and rising unemployment rate, as a result of the financial crisis and the subsequent sovereign debt crisis, led to a decline in life insurance sales during the review period (2009-2013). The segment declined at a compound annual growth rate (CAGR) of -2.6%. However, the segment is expected post a forecast period (2013-2018) CAGR of 2.0% due to projected economic growth following Portugal’s bailout program in May 2014.
The life insurance segment is highly concentrated, with the 10 leading insurers accounting for 91.6% of the segment’s gross written premium in 2013. As of 2013, 30 insurers – domestic and foreign – were operational in Portugal.
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The report provides in-depth market analysis, information and insights into the Portuguese life insurance segment, including:
The Portuguese life insurance segment’s growth prospects by life insurance category
Key trends, drivers and challenges for the life insurance segment
The various distribution channels in the Portuguese life insurance segment
The detailed competitive landscape in the life insurance segment in Portugal
Detailed regulatory policies of the Portuguese insurance industry
Analysis of various consumer segments in Portuguese life insurance
Key developments in the Portuguese life insurance segment
New products launched by Portuguese life insurers
This report provides a comprehensive analysis of the life insurance segment in Portugal:
It provides historical values for the Portuguese life insurance segment for the report’s 2009-2013 review period, and projected figures for the 2013-2018 forecast period.
It offers a detailed analysis of the key categories in the Portuguese life insurance segment, along with market...