This statistic shows the life insurance penetration in Portugal from 2005 to 2020, measured as a life insurance premiums to GDP ratio. In 2020, the penetration reached a level of approximately 2.25 percent. This is a decrease from the 4.86 percent reached in 2015. Since 2011, several assets of Portuguese insurers were privatized after the country requested an international bailout of 78 billion euros in 2011.
Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020
The source states that the numbers provided refer to the domestic market, i.e. "domestic companies (including subsidiaries) and branches of non EU/EEA countries companies."
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Insurance Europe. (August 5, 2022). Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/
Insurance Europe. "Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020." Chart. August 5, 2022. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/
Insurance Europe. (2022). Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/
Insurance Europe. "Total Premiums to Gdp Ratio (Insurance Penetration) of The Life Insurance Segment in Portugal from 2005 to 2020." Statista, Statista Inc., 5 Aug 2022, https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/
Insurance Europe, Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020 Statista, https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/ (last visited November 21, 2024)
Total premiums to GDP ratio (insurance penetration) of the life insurance segment in Portugal from 2005 to 2020 [Graph], Insurance Europe, August 5, 2022. [Online]. Available: https://www.statista.com/statistics/749422/life-insurance-premiums-to-gdp-ratio-in-portugal/