Direct insurance and amounts under management by pension funds in 2016 In 2016, direct insurance in Portugal amounted to 10.8 billion euros, reflecting a 14.4% decrease compared to 2015. Despite the 23.3% decline in life insurance, Non-Life evolved positively for the third consecutive year, resulting in a 4.9% increase in production volume, mainly due to Workers Compensation.
The amounts under management by pension funds reached 18 billion euros at the end of 2016, a 1.2% increase over the previous year.
Direct Insurance 2016 (provisional) Amounts managed by Pension Funds 2016 (provisional)
Insurance industry strengthens solvency ratios
At the end of the third quarter of 2016, the coverage ratio of the Solvency Capital Requirement (SCR) of insurance companies under ASF supervision was 137%, while the Minimum Capital Requirement (MCR) stood at 389%.
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