The Portuguese Insurance Regulator has started a compliance review of standard contract terms used in motor insurance, multi-risk insurance and health insurance sold in Portugal. The exercise forms part of its 2026-2028 strategic plan and is aimed at aligning market conduct supervision with fair consumer outcomes by testing whether policy terms provide substantive protection and appropriate, equitable solutions for policyholders. The review covers all general and special conditions currently marketed in those lines, including coverages that are not linked to compulsory insurance. It is assessing compliance with Portugal's legal framework for standard contractual clauses and is intended to strengthen transparency, clarity and contractual balance between insurers and policyholders. The legal and contractual analysis will be carried out in phases across the policy wordings in the market, with 76 contractual wordings currently under review. The regulator expects to complete the exercise by the end of 2028. It said it will continue to monitor the process and take any measures needed to ensure compliance with the applicable legal framework and protect insurance consumers.
Portuguese Insurance Regulator (ASF)2026-07-08
Portuguese Insurance Regulator launches review of motor multi risk and health insurance contract terms sold in Portugal
The Portuguese Insurance Regulator has launched a phased review of standard contract terms used in motor, multi-risk and health insurance sold in Portugal. The exercise covers all general and special conditions, including non-compulsory coverages, and is testing compliance with the legal regime for standard contractual clauses. The review is due to run until the end of 2028, with 76 contractual wordings currently under analysis.