Portugal Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Life Insurance in Portugal industry profile provides top-line qualitative and quantitative summary information including: market size (value 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key Highlights
- The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans.
- The Portuguese life insurance market had total gross written premiums of $9.4 billion in 2022, representing a compound annual growth rate (CAGR) of 2.1% between 2017 and 2022.
- The life insurance segment accounted for the market's largest proportion in 2022, with total gross written premiums of $6.6 billion, equivalent to 70.5% of the market's overall value.
- A positive macroeconomic environment that kept consumer confidence high, along with increasing disposable incomes and rising concern for life and health among individuals, especially after the pandemic, stimulated demand for life insurance.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the life insurance market in Portugal
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the life insurance market in Portugal
- Leading company profiles reveal details of key life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Portugal life insurance market with five year forecasts
- What was the size of the Portugal life insurance market by value in 2022?
- What will be the size of the Portugal life insurance market in 2027?
- What factors are affecting the strength of competition in the Portugal life insurance market?
- How has the market performed over the last five years?
- What are the main segments that make up Portugal's life insurance market?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the strengths of leaders?
- 7.5. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. BPI Vida E Pensoes - Companhia De Seguros SA
- 8.2. Fidelidade - Companhia de Seguros SA
- 8.3. Ocidental - Companhia Portuguesa de Seguros SA
- 8.4. Santander Totta Private Banking
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. Industry associations
- 10.3. Related MarketLine research
- 10.4. About MarketLine
- List of Tables
- Table 1: Portugal life insurance market value: $ billion, 2017-22
- Table 2: Portugal life insurance market category segmentation: % share, by value, 2017–2022
- Table 3: Portugal life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Portugal life insurance market geography segmentation: $ billion, 2022
- Table 5: Portugal life insurance market value forecast: $ billion, 2022-27
- Table 6: Portugal life insurance market share: % share, by value, 2022
- Table 7: BPI Vida E Pensoes - Companhia De Seguros SA: key facts
- Table 8: BPI Vida E Pensoes - Companhia De Seguros SA: Key Employees
- Table 9: Fidelidade - Companhia de Seguros SA: key facts
- Table 10: Fidelidade - Companhia de Seguros SA: Key Employees
- Table 11: Ocidental - Companhia Portuguesa de Seguros SA: key facts
- Table 12: Ocidental - Companhia Portuguesa de Seguros SA: Key Employees
- Table 13: Santander Totta Private Banking: key facts
- Table 14: Santander Totta Private Banking: Key Employees
- Table 15: Portugal size of population (million), 2018–22
- Table 16: Portugal gdp (constant 2005 prices, $ billion), 2018–22
- Table 17: Portugal gdp (current prices, $ billion), 2018–22
- Table 18: Portugal inflation, 2018–22
- Table 19: Portugal consumer price index (absolute), 2018–22
- Table 20: Portugal exchange rate, 2017–21
- List of Figures
- Figure 1: Portugal life insurance market value: $ billion, 2017-22
- Figure 2: Portugal life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Portugal life insurance market geography segmentation: % share, by value, 2022
- Figure 4: Portugal life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the life insurance market in Portugal, 2022
- Figure 6: Drivers of buyer power in the life insurance market in Portugal, 2022
- Figure 7: Drivers of supplier power in the life insurance market in Portugal, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the life insurance market in Portugal, 2022
- Figure 9: Factors influencing the threat of substitutes in the life insurance market in Portugal, 2022
- Figure 10: Drivers of degree of rivalry in the life insurance market in Portugal, 2022
- Figure 11: Portugal life insurance market share: % share, by value, 2022
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