Portugal Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-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 non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer.
- The Portuguese non-life insurance market had total gross written premiums of $7.1 billion in 2022, representing a compound annual growth rate (CAGR) of 5.7% between 2017 and 2022.
- The Motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $2.3 billion, equivalent to 32.8% of the market's overall value.
- The Portugal non-life insurance market experienced rather moderate growth overall in the historic period, with a growth rate of 6.6% in 2022. The cost of claims for non-life insurance companies will increase as a result of inflation raising the expenses of Portugal's insurance clients.
- 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
- 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?
- What are the main segments that make up 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 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 has been the rationale behind recent M&A activity?
- 7.5. How has the COVID-19 outbreak impacted the market?
- 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. About MarketLine
- List of Tables
- Table 1: Portugal non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Portugal non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Portugal non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Portugal non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Portugal non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Portugal non-life insurance market share: % share, by value, 2022(e)
- Table 7: Allianz SE: key facts
- Table 8: Allianz SE: Annual Financial Ratios
- Table 9: Allianz SE: Key Employees
- Table 10: Allianz SE: Key Employees Continued
- Table 11: AXA SA: key facts
- Table 12: AXA SA: Annual Financial Ratios
- Table 13: AXA SA: Key Employees
- Table 14: AXA SA: Key Employees Continued
- Table 15: AXA SA: Key Employees Continued
- Table 16: Liberty Seguros SA: key facts
- Table 17: Liberty Seguros SA: Key Employees
- Table 18: Ocidental - Companhia Portuguesa de Seguros SA: key facts
- Table 19: Ocidental - Companhia Portuguesa de Seguros SA: Key Employees
- Table 20: Portugal size of population (million), 2018–22
- Table 21: Portugal gdp (constant 2005 prices, $ billion), 2018–22
- Table 22: Portugal gdp (current prices, $ billion), 2018–22
- Table 23: Portugal inflation, 2018–22
- Table 24: Portugal consumer price index (absolute), 2018–22
- Table 25: Portugal exchange rate, 2017–21
- List of Figures
- Figure 1: Portugal non-life insurance market value: $ billion, 2017-22(e)
- 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(e)
- 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
- Figure 11: Portugal non-life insurance market share: % share, by value, 2022(e)
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