Key Market Indicators
Portuguese Life Insurance Revenue is projected to reach approximately €5.7 billion by 2028, up from €4.8 billion in 2023. This marks an average annual growth rate of 2.6%. Since 2018, the Portuguese market has consistently grown at this rate. In 2023, Portugal ranked 14th in Europe for life insurance revenue. Finland narrowly edged out Portugal with the same revenue of €4.8 billion. Denmark, Germany, and Italy took the second, third, and fourth spots, respectively, in the European life insurance market rankings.
