The Portuguese Insurance Regulator (ASF) published its Q3 2025 insurance activity report, showing that direct insurance production (premium income) in Portugal rose 14.1% year on year to above EUR 11.7bn by the end of the quarter. The update also reports higher estimated solvency coverage ratios versus end-2024. Life business increased 19.7%, driven in particular by growth in unit-linked life insurance (up 58.3%), while non-life rose 9.2%, including increases of 11.9% in health, 9.8% in motor, and 8.4% in both fire and other damage and workers’ compensation. Direct insurance amounts paid fell 15% overall, reflecting a 28.7% decrease in life and a 6.3% increase in non-life. Insurers’ investment portfolios totalled EUR 55.8bn (up 6.1% since end-2024) and technical provisions stood at EUR 46.4bn; the estimated Solvency Capital Requirement (SCR) coverage ratio was 215% (up seven percentage points since end-2024) and the Minimum Capital Requirement (MCR) coverage ratio was 549% (up three percentage points).
Portuguese Insurance Regulator (ASF) 2025-11-27
Portuguese Insurance Regulator publishes Q3 2025 report showing direct premiums above EUR 11.7bn and SCR coverage at 215%
The Portuguese Insurance Regulator (ASF) reported a 14.1% year-on-year increase in direct insurance production in Q3 2025, reaching over EUR 11.7 billion. Life insurance saw a 19.7% rise, notably with unit-linked life insurance up 58.3%, while non-life insurance grew 9.2%. The estimated Solvency Capital Requirement coverage ratio improved to 215%, and the Minimum Capital Requirement coverage ratio rose to 549%.