Portugal Non-Life Insurance Market to 2027
Summary
Non-Life Insurance in Portugal industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 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
- Non-life insurance is typically defined as any insurance not determined to be life insurance. It includes automobile and homeowners' policies and provides payments depending on the loss from a particular financial event.
- The Portuguese non-life insurance market had total gross written premiums of $6.5 billion in 2022, representing a compound annual growth rate (CAGR) of 5.5% between 2017 and 2022.
- The motor segment accounted for the market's largest proportion in 2022, with total gross written premiums of $1.8 billion, equivalent to 26.9% of the market's overall value.
- Non-life insurance coverage in the Portuguese population is moderate. According to in-house research, in 2022, Portugal’s non-life insurance penetration (ratio of premiums to GDP) stood at 2.2%.
- Save time carrying out entry-level research by identifying the size, growth, major segments, and leading players in the non-life insurance market in Portugal
- Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Portugal
- Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance
- Add weight to presentations and pitches by understanding the future growth prospects of the Portugal non-life insurance market with five year forecasts by both value and volume
- What was the size of the Portugal non-life insurance market by value in 2022?
- What will be the size of the Portugal non-life insurance market in 2027?
- What factors are affecting the strength of competition in the Portugal non-life insurance market?
- How has the market performed over the last five years?
- Who are the top competitors in Portugal's non-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 rivalry
- 1.6. 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. Who are the leading players?
- 7.2. What strategies do the leading players follow?
- 7.3. What has been the rationale behind recent M&A activity?
- 8 Company Profiles
- 8.1. Allianz SE
- 8.2. AXA SA
- 8.3. Liberty Seguros SA
- 8.4. Ocidental - Companhia Portuguesa de Seguros SA
- 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 non-life insurance market value: $ billion, 2017–22
- Table 2: Portugal non–life insurance market category segmentation: % share, by value, 2017–2022
- Table 3: Portugal non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Portugal non–life insurance market geography segmentation: $ billion, 2022
- Table 5: Portugal non-life insurance market value forecast: $ billion, 2022–27
- Table 6: Allianz SE: key facts
- Table 7: Allianz SE: Annual Financial Ratios
- Table 8: Allianz SE: Key Employees
- Table 9: Allianz SE: Key Employees Continued
- Table 10: AXA SA: key facts
- Table 11: AXA SA: Annual Financial Ratios
- Table 12: AXA SA: Key Employees
- Table 13: AXA SA: Key Employees Continued
- Table 14: AXA SA: Key Employees Continued
- Table 15: Liberty Seguros SA: key facts
- Table 16: Liberty Seguros SA: Key Employees
- Table 17: Ocidental - Companhia Portuguesa de Seguros SA: key facts
- Table 18: Ocidental - Companhia Portuguesa de Seguros SA: Key Employees
- Table 19: Portugal size of population (million), 2018–22
- Table 20: Portugal gdp (constant 2005 prices, $ billion), 2018–22
- Table 21: Portugal gdp (current prices, $ billion), 2018–22
- Table 22: Portugal inflation, 2018–22
- Table 23: Portugal consumer price index (absolute), 2018–22
- Table 24: Portugal exchange rate, 2018–22
- List of Figures
- Figure 1: Portugal non-life insurance market value: $ billion, 2017–22
- Figure 2: Portugal non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Portugal non–life insurance market geography segmentation: % share, by value, 2022
- Figure 4: Portugal non-life insurance market value forecast: $ billion, 2022–27
- Figure 5: Forces driving competition in the non-life insurance market in Portugal, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Portugal, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Portugal, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Portugal, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Portugal, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Portugal, 2022
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