Evolution of the Insurance and Pension Funds Activity - 3rd quarter
Direct insurance in Portugal grew by 13.9% in the Accidents at Work class. The solvency margin coverage rate of the companies supervised by the ASF stood at 204% in September 2015.
In the same period, the amounts managed by pension funds recorded a value of 17.5 million euros. The contributions made to pension funds showed a 1% decrease over the same period last year. It should be noted that in the period under review three pension funds were wound up.
Evolution of the Insurance Activity - 3rd quarter 2015Evolution of Pension Funds - 3rd quarter 2015
ASF presents annual reports
"In the most difficult period of the financial sector crisis, the insurance industry managed to resist, even contributing to mitigate procyclical effects affecting the financial system," said ASF Chairman Prof. José Figueiredo Almaça, in his closing remarks at the conference on the public presentation of the RSSFP and the RRSCM reports, which was held in Lisbon.
You can choose to enable or disable cookies. However, some parts of our websites may not function
properly if cookies are disabled.