The Portuguese Insurance Regulator (ASF) released updated 2024 indicators through its Health Insurance Observatory, updating its data-based profile of Portugal’s health insurance market. The figures show continued rapid premium growth, a further decline in market concentration, and a reduction in complaints. Gross written premiums reached EUR 1.7bn in 2024, up 18.9% year on year, split between EUR 830m for individual policies and EUR 870m for group policies. The three largest insurers accounted for 68.5% of the market in 2024, down from 73.1% in 2020. Over the period, the number of policies increased by 8.1% and the number of insured persons grew by 3.6% to 4 million, while the average premium per insured person rose 14.8% to around EUR 418 (from about EUR 364). Complaints decreased to 3,980 analysed by insurers (-17.4% versus 2023) and 131 analysed by ASF (-8.4%), which ASF links to improved market practices and strengthened preventive regulatory and supervisory intervention.
Portuguese Insurance Regulator (ASF) 2025-08-04
Portuguese Insurance Regulator publishes 2024 Health Insurance Observatory indicators showing premiums up to EUR 1.7bn and complaints down
The Portuguese Insurance Regulator (ASF) updated its Health Insurance Observatory data, highlighting rapid premium growth and reduced market concentration in Portugal's health insurance sector. Gross written premiums reached EUR 1.7bn in 2024, with individual and group policies nearly evenly split. Complaints decreased significantly, attributed to improved market practices and enhanced regulatory intervention.