Evolution of the Insurance and Pension Funds Activity - 1st Quarter 2018
In March 2018, direct insurance related to the activity, in Portugal, of insurance companies under ASF supervision increased by 6% in relation to the same period of 2017, benefiting from the accruals of 5.3% in Life and 7.2% in Non-Life. Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR) coverage ratios stood at 185% and 573%, reflecting increases of respectively 10 and 39 percentage points.
Contributions to pension funds and the amount of benefits paid fell year-on-year by 66% and 4.9%, respectively.
Pension Funds Evolution
CNSF Annual General Meeting with PNFF Monitoring Committee
On May 21st, the National Council of Financial Supervisors (CNSF) held the Annual General Meeting with the entities participating in the Monitoring Committee of the National Plan for Financial Education (PNFF).
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