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Insurance in Portugal
In 2010, there are 82 insurance companies in Portugal(compares to 87 in 2009), employing 11,224 people(compares to 11,270 in 2009).
In 2010, the total gross written premiums for insurance in Portugal is €16.342bn, an increase of €1.826bn or 12.58% compares to €14.516bn in 2009.
On a per capita basis, an average of €1,536 was spent on insurance in Portugal in 2010, €171 more compares to €1,365 in 2009.
Insurance penetration in Portugal decreased on average from 8.61% in 2009 to 9.46% in 2010.
Portugal insurers total investment portfolio has increase from €57.394bn in 2009 to €58.158bn in 2010, an increase of €0.764bn or 1.33%.
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Life Insurance in Portugal
In 2010, the total gross written premiums for life insurance in Portugal is €12.173bn, an increase of €1.789bn or 17.23% compares to €10.384bn in 2009.
On a per capita basis, an average of €1,144 was spent on life insurance in Portugal in 2009, €168 more compares to €976 in 2009.
Life insurance penetration in Portugal increased on average from 6.16% in 2009 to 7.04% in 2010.
Portugal life insurers total investment portfolio has increase from €48.954bn in 2009 to €50.056bn in 2010, an increase of €1.102bn or 2.25%.
Non-Life Insurance in Portugal
In 2010, the total gross written premiums for non-life insurance in Portugal is €4.168bn, an increase of €0.036bn or 0.87% compares to €4.132bn in 2009.
On a per capita basis, an average of €392 was spent on non-life insurance in Portugal in 2010, €4 more compares to €388 in 2009.
Non-Life insurance penetration in Portugal decreased on average from 2.45% in 2009 to 2.41% in 2010.
Portugal non-life insurers total investment portfolio has decrease from €8.441bn in 2009 to €8.101bn in 2010, a decrease of €0.34bn or 4.03%.
Motor Insurance in Portugal
In 2010, the total gross written premiums for motor insurance in Portugal is €1.672bn, an increase of €0.006bn or 0.36% compares to €1.666bn in 2009.
On a per capita basis, an average of €157 was spent on motor insurance in Portugal in 2010, the same as in 2009.
Motor insurance penetration in Portugal decreased on average from 0.99% in 2009 to 0.97% in 2010.
Health Insurance in Portugal
In 2010, the total gross written premiums for health insurance in Portugal is €532m, an increase of €32m or 6.4% compares to €500m in 2009.
On a per capita basis, an average of €50 was spent on health insurance in Portugal in 2010, €3 more compares to €47 in 2009.
Health insurance penetration in Portugal increased on average from 0.30% in 2009 to 0.31% in 2010.
Property Insurance in Portugal
In 2010, the total gross written premiums for property insurance in Portugal is €765m, an increase of €21m or 2.82% compares to €744m in 2009.
On a per capita basis, an average of €72 was spent on property insurance in Portugal in 2010, €2 more compares to €70 in 2009.
Property insurance penetration in Portugal increased on average from 0.4413% in 2009 to 0.4427% in 2010.
Other Non-Life Insurance in Portugal
In 2010, the total gross written premiums for other non-life insurance in Portugal is €1.199bn, a decrease of €0.023bn or 1.88% compares to € 1.222bn in 2009.
On a per capita basis, an average of €113 was spent on other non-life insurance in Portugal in 2009, €2 less compares to €115 in 2009.
Other non-life insurance penetration in Portugal decreased from 0.72% in 2009 to 0.69% 2010.
Insurance in Portugal 2008-2009 statistics
In 2009, there are 84 insurance companies in Portugal(compares to 85 in 2008), employing 11,207 people(compares to 11,307 in 2008).
In 2009, the total gross written premiums for insurance in Portugal is €14.559bn, a decrease of €0.77bn or 5.02% compares to €15.329bn in 2008.
On a per capita basis, an average of €1,364 was spent on insurance in Portugal in 2009, €79 less compares to €1,443 in 2008.
Insurance penetration in Portugal decreased on average from 9.21% in 2008 to 8.97% in 2009.
Portugal insurers total investment portfolio has increase from €50.981bn in 2008 to €57.858bn in 2009, an increase of €6.877bn or 13.49%.
Life Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for life insurance in Portugal is €10.427bn, a decrease of €0.578bn or 5.25% compares to €11.005bn in 2008.
On a per capita basis, an average of €977 was spent on life insurance in Portugal in 2009, €59 less compares to €1,036 in 2008.
Life insurance penetration in Portugal decreased on average from 6.61% in 2008 to 6.42% in 2009.
Portugal life insurers total investment portfolio has increase from €41.869bn in 2008 to €49.442bn in 2009, an increase of €7.573bn or 18.09%.
The life insurance distribution channel in Portugal(by insurance premiums underwritten) can be brokendown into 81.6% via bancassurance, 10.7% via agents,
6.4% via direct writing and 1.3% via brokers.
Non-Life Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for non-life insurance in Portugal is €4.132bn, a decrease of €0.192bn or 4.44% compares to €4.324bn in 2008.
On a per capita basis, an average of €387 was spent on non-life insurance in Portugal in 2009, €20 less compares to €407 in 2008.
Non-Life insurance penetration in Portugal decreased on average from 2.60% in 2008 to 2.55% in 2009.
Portugal non-life insurers total investment portfolio has increase from €7.861bn in 2008 to €8.416bn in 2009, an increase of €0.555bn or 7.06%.
The non-life insurance distribution channel in Portugal(by insurance premiums underwritten) can be brokendown into 60.7% via agents, 16.9% via brokers, 10.0% via direct writing,
9.9% via bancassurance, and 2.5% via other channels.
Motor Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for motor insurance in Portugal is €1.666bn, a decrease of €0.144bn or 8% compares to €1.810bn in 2008.
On a per capita basis, an average of €156 was spent on motor insurance in Portugal in 2009, €14 less compares to €170 in 2008.
Motor insurance penetration in Portugal decreased on average from 1.09% in 2008 to 1.03% in 2009.
Health Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for health insurance in Portugal is €500m, an increase of €17m or 3.52% compares to €483m in 2008.
On a per capita basis, an average of €47 was spent on health insurance in Portugal in 2009, €2 more compares to €45 in 2008.
Health insurance penetration in Portugal increased on average from 0.29% in 2008 to 0.31% in 2009.
Property Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for property insurance in Portugal is €744m, an increase of €12m or 1.64% compares to €732m in 2008.
On a per capita basis, an average of €70 was spent on property insurance in Portugal in 2009, €1 more compares to €69 in 2008.
Property insurance penetration in Portugal increased on average from 0.44% in 2008 to 0.46% in 2009.
Other Non-Life Insurance in Portugal 2008-2009 statistics
In 2009, the total gross written premiums for other non-life insurance in Portugal is €1.222bn, a decrease of €0.077bn or 5.92% compares to €1.299bn in 2008.
On a per capita basis, an average of €114 was spent on other non-life insurance in Portugal in 2009, €8 less compares to €122 in 2008.
Other non-life insurance penetration in Portugal decreased from 0.78% in 2008 to 0.75% 2009.
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