Key Market Indicators
Portuguese Insurance Spending is projected to surge to €4.7 billion by 2028, up from €3.4 billion in 2023. This represents an average annual growth rate of 4.8%. Since 2000, the demand for insurance in Portugal has increased by an average of 5.9% annually. Meanwhile, Portuguese Gross Written Premium is expected to climb to $14.8 billion by 2028, rising from $13.9 billion in 2023. This marks a compound annual growth rate (CAGR) of 1%. However, since 1988, the supply side has seen a yearly decline of 1.3%. In the global ranking for 2023, Portugal was positioned 16th, with Chile slightly ahead at $13.9 billion. The United Kingdom, Germany, and the Netherlands secured the 2nd, 3rd, and 4th spots, respectively.
