Gross loss ratio of non-life insurance in Portugal 2019-2023, by branch

Published by Beatriz Luz, Feb 10, 2025

In Portugal, the gross loss ratio of non-life insurance in 2023 was higher for motor insurance, as it reached 69.8 percent. At the same time, the ratio between the cost of insurance claims and the value of premiums with work accident insurance was the lowest, namely 65.1 percent.

Gross loss ratio of non-life insurance in Portugal from 2019 to 2023, by branch

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Source

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Release date

2024

Region

Portugal

Survey time period

2019 to 2023

Supplementary notes

The gross loss ratio is defined by the source as the ratio between claims costs and premiums acquired by insurance companies.

The source indicates that the figures presented for 2022 were recalculated in the light of the new regulations which are taken into account for the purposes of comparative analyses with the figures for the 2023 financial year.

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