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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 speech

Presentation of the Annual Report on the Insurance and Pension Funds Sector

Presentation 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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Strategic Plan 2015-2017
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Useful links
"Pension funds: pillars of the financial system", article published in "Portugal Funds people"
Management Board's Main Decisions – 25th september 2015
Management Board's Main Decisions – 17th september 2015
EIOPA Guidelines under the Solvency II regime
Management Board's Main Decisions – 10th september 2015
Regulation 4/2015-R, of 7 of August
EIOPA's Technical Advice on product intervention powers over insurance-based investment products

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