Portugal's Insurance and Pension Funds Supervisory Authority publishes list of insurers fully adopting premium payment notice disclosure recommendations

Portugal's Insurance and Pension Funds Supervisory Authority (ASF) published a list of insurance companies that have fully implemented its recommendations on the information to be provided in premium payment notices, aimed at ensuring consumers are properly informed about premium changes between policy periods. The recommendations require payment notices to show not only the premium amount for the next policy year but also the premium amount for the previous year, alongside a clear and prominent indication of the factors that affected the premium variation. ASF also published an accompanying information note and made the compliance list available online.