In the first quarter of 2019, direct insurance in Portugal increased by 8.4%in comparison with the same period in 2018. For this growth, Life insurance contributed with 9% and non-life insurance contributed with 7.6%. In the same period, the value of the investment portfolios of insurance companies under ASF prudential supervision amounted to EUR 52 billion and technical provisions totaled EUR 45.3 billion.
In March 2019, the Solvency Capital Requirement (SCR) and Minimum Capital Requirement (MCR) coverage ratios stood at 176% and 490%, respectively.
The number of pension funds under management was 230, at the end of March 2019. Contributions to pension funds and the amount of benefits paid increased by 211% and 6%, respectively, compared to the same period of the preceding year. Amounts managed grew by 4.1% in relation to the end of last year, totaling 20.3 billion euros.
Insurance Activity Evolution - 1Q 2019
Pension Funds Evolution - 1Q 2019