Portugal's Insurance and Pension Funds Supervisory Authority (ASF) published its annual report on the training of insurance and reinsurance distributors for 2024, summarising activity in ASF-recognised initial qualification courses, transitional “conformity” courses under the insurance distribution legal regime, and the recognition and oversight of continuing professional development training providers. The report shows rising training volumes delivered entirely via e-learning and sets out supervisory findings from checks on providers and assessments. For initial qualification, the number of entities with ASF-recognised access courses remained 15, with seven providers delivering training, and the number of training actions increased to 768 (from 738 in 2023), all via e-learning. Enrolments rose to 5,119 (from 4,689), with 4,699 approvals and 420 non-completions (192 failures and 228 withdrawals), lifting the overall approval rate to 91.8%; 4,891 final exams were held, 97% remotely (4,731) and 3% in person (160). New registrations of insurance distributors with ASF fell to 471 (from 573) and there were no reinsurance intermediary registrations. For conformity courses, eight entities were authorised (five delivered training) and completions dropped to 96 (from 274), all via e-learning; ASF also recognised three new continuing-training providers, increasing the total to 35, and reported 12 supervision actions in 2024, including findings of weaknesses in some final exam questions (incorrect or outdated wording and repetition) and an overall conclusion that the reviewed distance-learning platforms were broadly adequate.
Portuguese Insurance Regulator (ASF) 2025-04-22
Portugal's Insurance and Pension Funds Supervisory Authority publishes 2024 insurance distributor training report with 5,119 enrolments and all courses delivered via e-learning
The Portuguese Insurance and Pension Funds Supervisory Authority (ASF) released its 2024 report on insurance and reinsurance distributor training, highlighting increased e-learning volumes and supervisory findings. The report notes a rise in initial qualification enrolments and approvals, with a 91.8% approval rate, while new insurance distributor registrations decreased. ASF identified weaknesses in some final exam questions but found distance-learning platforms adequate.