A Myopic Balance Sheet
A reflection is warranted on whether we are truly willing to reimagine the role of financial statements under IFRS in enabling informed decision-making in the insurance sector. The fundamental purpose of financial reporting is to provide a true and appropriate representation of the economic reality of an insurance company: its financial position, its performance ...
Generali Tranquilidade chosen as Best Insurer by DecoProteste
Based on a study carried out by DecoProteste, insurer Generali Tranquilidade has won the title of Best Insurer in Portugal for the second year running. This distinction is awarded to the company that best combines policy quality, competitive pricing and customer satisfaction. In this year’s edition, the focus turned to the insurance sector ...
Competition Authority does not oppose MDS's acquisition of Seguramos
The Competition Authority (AdC) today published a 'decision of non-opposition' to the concentration operation resulting from MDS's acquisition of Seguramos, considering that it 'is not likely to create significant obstacles to competition' in the national market.
Mudum Seguros joins the Charter of Rights for Road Traffic Accident Victims
The Portuguese insurance company Mudum, part of the French group Crédit Agricole Assurances, joined the Charter of Rights for Road Traffic Accident Victims on Tuesday, the company announced in a statement. The Charter of Rights for Road Traffic Accident Victims was developed by the Secretariat of the United Nations Economic Commission for Europe (UNECE), by the European Institute of ...
Montepio mutual admits it may sell part of insurer Lusitânia
“We don't need 100% ownership to operate in insurance,” assures the president of the Montepio Geral Mutual Association.
Flooding in Vila do Conde: insurance did not cover all the damage
Vila do Conde's municipal council will cover the losses caused by the floods in the early hours of 15 November. In many homes, insurance did not cover the losses.
Insurance broker MDS launches its own insurance brand with support from Mudum and MunichRe
Insurance broker MDS has formed a partnership with Portuguese insurer Mudum, owned by Groupe Crédit Agricole Assurances, and with reinsurer MunichRe, with the aim of bringing to market a new generation of own‑brand protection solutions. This alliance, which brings together three leading international players, "will allow the development of innovative products, ...
Fidelidade acquires 100% of The Prosperity Company's share capital
Portuguese insurer Fidelidade has bought the entirety of The Prosperity Company's share capital, taking full ownership of the firm.
Multicare launches the first standard health insurance recommended by the ASF
Multicare, the health insurance provider of the Fidelidade Group, has just launched the Standard Conditions Health Insurance, in accordance with the recommendations of the Insurance and Pension Funds Supervisory Authority (ASF), the regulatory body for the sector. The new insurance meets the recommendations of the ASF.
Budget "is not sufficient". INEM President advocates for an increase in insurance rates
The president of INEM explains that there has been an increase in costs due to the protocol signed with the firefighters and that the services provided “must be properly safeguarded.”
Habit joins forces with Doutor Finanças for payment protection
The Portuguese insurtech Habit and the fintech Doutor Finanças have teamed up to offer an integrated payment protection insurance, which ensures the payment of instalments in the event of involuntary unemployment or temporary incapacity to work. "This partnership will expand the protection solutions offered by Doutor Finanças, helping everyone who ...
