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 public presentation conference of the Report on the Insurance and Pension Funds Sector and the Report on the Regulation and Supervision of Market Conduct, which was held at the ASF headquarters conference room in Lisbon. ASF Chairman speechPresentation of the Annual Report on the Insurance and Pension Funds SectorPresentation of the Report on the Regulation and Supervision of Market Conduct
Insurance and Pension Funds evolution - 1st Semester 2015 Direct insurance in Portugal carried out by insurance companies under ASF supervision registered an overall -4.2% variation over the same period of 2014. The overall net profit for this period amounted to 432 million euros and the solvency margin coverage rate stood at 216%.
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