1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
  4. > Governance, Risk and Compliance - The Portuguese Insurance Industry

Timetric’s 'Governance, Risk and Compliance - The Portuguese Insurance Industry' report is the result of extensive research into the insurance regulatory framework in Portugal. It provides detailed analysis of the insurance regulations for life, property, motor, liability, personal accident and health, and marine, aviation and transit insurance. The report specifies various requirements for the establishment and operations of insurance and reinsurance companies and intermediaries.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on prevailing insurance regulations, recent and upcoming changes in regulatory framework, taxation and legal system in the country. The report also includes the scope of non-admitted insurance in the country.

The report provides insights into the governance, risk and compliance framework pertaining to the insurance industry in Portugal, including:

- An overview of the insurance regulatory framework in Portugal.

- The latest key changes and changes expected in Portugal’s insurance regulatory framework.

- Key regulations and market practices related to different types of insurance product in the country.

- Rules and regulations pertaining to key classes of compulsory insurance, and the scope of non-admitted insurance in Portugal.

- Key GRC parameters including licensing requirements, permitted foreign direct investment, minimum capital requirements, solvency requirements, reserve requirements, and investment regulations.

- Details of the tax and legal systems in the country.

- This report covers details of the insurance regulatory framework in Portugal.

- The report contains details of rules and regulations governing insurance products and insurance entities.

- The report lists and analyzes key trends and developments pertaining to the Portuguese insurance regulatory framework.

- The repot analyzes rules and regulations pertaining to the establishment and operation of insurance business in the country.

- The report provides details of taxation imposed on insurance products and companies.

Reasons To Buy
- Gain insights into the insurance regulatory framework in Portugal

- Track latest regulatory changes and expected changes impacting the Portuguese insurance industry

- Gain detailed information about key regulations governing the establishment and operation of insurance entities in the country

- Understand key regulations and market practices relating to various types of insurance product

Key Highlights
- The Portuguese insurance industry is regulated by the ASF.

- Composite Insurance is not permitted in Portugal.

- The Portuguese FDI regime allows up to 100% foreign participation in domestic insurance companies.

- Non-admitted insurance is not permitted. However, insurers from EU member states can operate either directly or through a branch, on the basis of freedom to provide services.

- Compulsory classes of insurance include motor third-party liability insurance and workmen’s compensation insurance.

Table Of Contents

Governance, Risk and Compliance - The Portuguese Insurance Industry
Table of Contents
1 Introduction
1.1 What is this Report About?
1.2 Definitions
2 Governance, Risk and Compliance
2.1 Legislation Overview and Historical Evolution
2.2 Latest Changes in Regulations
2.3 Legislation and Market Practice by Type of Insurance
2.3.1 Life insurance
2.3.2 Property insurance
2.3.3 Motor insurance
2.3.4 Liability insurance
2.3.5 Marine, aviation and transit insurance
2.3.6 Personal accident and health insurance
2.4 Compulsory Insurance
2.4.1 Motor vehicle third-party liability insurance
2.4.2 Fire insurance for property damage
2.4.3 Air carriers and aircraft operators insurance
2.4.4 Professional indemnity insurance for alternative investment fund managers
2.5 Supervision and Control
2.5.1 International regulatory authority
2.5.2 European Insurance and Occupational Pensions Authority
2.5.3 Insurance and Pension Fund Supervision Authority
2.5.4 Portuguese Association of Insurers
2.5.5 Federation of European Risk Management Associations (FERMA)
2.6 Non-Admitted Insurance Regulations
2.6.1 Overview
2.6.2 Intermediaries
2.6.3 Market practices
2.6.4 Fines and penalties
2.7 Company Registration and Operations
2.7.1 Types of insurance organization
2.7.2 Establishing a local company
2.7.3 Foreign ownership
2.7.4 Types of license
2.7.5 Capital requirements
2.7.6 Solvency margins
2.7.7 Reserve requirements
2.7.8 Investment regulations
2.7.9 Statutory return requirements
2.7.10 Fee structure
2.8 Taxation
2.8.1 Insurance premium or policy taxation
2.8.2 Withholding taxes on premium paid overseas
2.8.3 Corporate tax
2.8.4 VAT
2.8.5 Captives
2.9 Legal System
2.9.1 Introduction
2.9.2 Access to court
2.9.3 Alternative dispute resolution (ADR)
3 Appendix
3.1 Methodology
3.2 Contact Timetric
3.3 About Timetric
3.4 Timetric's Services
3.5 Disclaimer

List of Tables
Table 1: Insurance Industry Definitions
Table 2: Portugal - Insurance Regulatory Framework Key Features
Table 3: Portugal - Life Insurance Regulatory Framework
Table 4: Portugal - Property Insurance Regulatory Framework
Table 5: Portugal - Motor Insurance Regulatory Framework
Table 6: Portugal - Liability Insurance Regulatory Framework
Table 7: Portugal - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 8: Portugal - Stamp Duty on Insurance Premium
Table 9: Portugal - Corporate Tax Rates for the Financial Year 2015

List of Figures
Figure 1: Portugal - The Three Pillars of Solvency II
Figure 2: Portugal - Insurance Supervision and Control at Various Levels
Figure 3: Portugal - Insurance Regulatory Frameworks for Company Registration and Operation

View This Report »

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 24 Million searchable statistics with tables, figures & datasets
  • More than 10,000 trusted sources
24/7 Customer Support

Talk to Ahmad

+1 718 618 4302

Purchase Reports From Reputable Market Research Publishers
Logistics Insurance Market Analysis By Industry (Transportation, Marine, Aviation),By Country And Segment Forecasts, 2014 - 2025

Logistics Insurance Market Analysis By Industry (Transportation, Marine, Aviation),By Country And Segment Forecasts, 2014 - 2025

  • $ 4950
  • Industry report
  • November 2016
  • by Grand View Research

The global logistics insurance market is anticipated to reach USD 61.55 billion by 2025, according to a new report by Grand View Research, Inc. The increasing foreign direct investment, establishment of ...

Maximizing Direct-to-Consumer Opportunities in Insurance

Maximizing Direct-to-Consumer Opportunities in Insurance

  • $ 3800
  • Industry report
  • December 2016
  • by Timetric

Synopsis Timetric’s 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the emerging importance of the direct-to-consumer (D2C) channel in the insurance industry. It provides: ...

Global Automotive Usage-Based Insurance Market 2017-2021

Global Automotive Usage-Based Insurance Market 2017-2021

  • $ 3500
  • Industry report
  • January 2017
  • by Infiniti Research Limited

About Automotive Usage-Based Insurance The global automotive UBI market is at a nascent stage and has low penetration in the overall automotive insurance market. The market is seeing an influx of new players ...


Reportlinker.com © Copyright 2017. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.