Portugal's Insurance and Pension Funds Supervisory Authority (ASF) published an implementation stocktake of its 2020–2024 strategic plan, concluding that the programme was 87% delivered. The review summarises progress across four strategic lines covering internal organisation, engagement with supervised entities, regulation and cooperation, and communication and information. Implementation rates varied by strategic line, with completion reported at 85% for internal organisation and talent, 93% for the relationship with supervised entities, 71% for regulation and cooperation, and 95% for communication and information. The stocktake highlights, among other deliverables, net recruitment of 50 staff (excluding personnel dedicated to managing the Work Accidents Fund and the Motor Guarantee Fund), strengthened internal control capabilities including the creation of an Internal Control Office in 2024, and digital modernisation including a new enterprise resource planning system in operation since 1 January 2025 and the launch of a renewed Operator Portal in 2024. On supervision, the report points to work under way on the Integrated Supervision Model, enhancements to macroprudential risk monitoring including national stress testing in 2020 and 2022, a revised conduct risk assessment approach, and changes to complaint handling that require prior consideration by operators using an autonomous complaints management function. It also notes thematic initiatives including health insurance transparency tools, ongoing monthly cyber-incident data collection since June 2022, and expanded international cooperation including signature of the International Association of Insurance Supervisors Multilateral Memorandum of Understanding on 5 December 2024. Several projects are described as still in progress, including the Integrated Supervision Model, the Portal for registration processes, the technology build of a platform to track regulatory initiatives, and the decarbonisation programme with completion of related work indicated for 2025. The ASF also signals planned delivery of a new Statistics Portal in the first half of 2025 and continued development of consumer-facing savings and retirement information tools.

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