Boston, MA -- (SBWIRE) -- 12/10/2012 -- 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 in the non-life segment. However, the Portuguese government took a number of actions, including an economic stimulus package which aimed to spur the country's economy on and improve macroeconomic fundamentals.

Key Highlights

- 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 in the non-life segment.
- However, the Portuguese government took a number of actions, including an economic stimulus package which aimed to spur the country's economy on and improve macroeconomic fundamentals.

View Full Report Details and Table of Contents

Scope

This report provides a comprehensive analysis of the non-life insurance market in Portugal:

- It provides historical values for Portugal's non-life insurance market for the report's 2007-2011 review period and forecast figures for the 2012-2016 forecast period
- It offers a detailed analysis of the key sub-segments in Portugal's non-life insurance market, along with market forecasts until 2016
- It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
- It analyses the various distribution channels for non-life insurance products in Portugal
- Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Portugal for the non-life insurance business
- It provides a detailed analysis of the reinsurance market in Portugal and its growth prospects
- It profiles the top non-life insurance companies in Portugal and outlines the key regulations affecting them

Reasons to Get this Report

- Make strategic business decisions using historic and forecast market data related to the Portuguese non-life insurance market and each sector within it

Companies Mentioned in this Report: Fidelidade-Mundial, Imperio Bonanca, AXA Portugal, Companhia de Seguros Tranquilidade, Liberty Seguros Companhia De Seguros Acoreana, SA

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