New Market Study: "Non-Life Insurance in Portugal, Key Trends and Opportunities to 2016"
The written premium of the Portuguese non-life insurance segment decreased during the review period. The decrease was a result of reduced property demand in the domestic market, decreased passenger car sales and limited motor and property insurance demand. The segmental growth was further decelerated by the weak economic development and ongoing sovereign debt crisis in key EU member states. High unemployment levels and a marginal decline in annual disposable income also delayed liability insurance policy sales and discouraged overall growth...
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