Latest news and stories about insurance sector in Portugal for expats and residents.
The insurer Ageas Portugal has opened applications for a new trainee programme, 'Be Ageas', which aims to integrate participants into the 'company culture' and prepare them to 'assume future leadership positions in a sector undergoing major transformation', according to a statement. Online applications are open until 4 May. The programme will begin in...
The International Accounting Standards Board (IASB) has once again put the insurance sector under pressure with the publication of Exposure Draft ED/2025/1, introducing the concept of Risk Mitigation Accounting (RMA), with amendments to IFRS 9 and IFRS 7, and discontinuing IAS 39. The underlying promise is, at first glance, difficult to dispute, as it aims to bring reporting closer...
The APS Academy has renewed and strengthened its training offer as part of the reflection and restructuring process initiated in 2024, announced the institution of the Portuguese Insurance Association. New initiatives were designed to meet the current qualification and updating needs of insurance sector professionals, promoting continuous learning aligned with...
The Sabseg group has appointed Gabi Zaballa as the new corporate general manager, who will be in charge of the growth strategy until 2030 in Portugal, Spain, and Italy. According to Inese, Zaballa will take over the coordination of the Finance, Legal and Compliance, Human Resources, and Marketing and Communication departments. He will also be responsible for the integration...
Current geopolitical and economic instability, along with the increase in frequency and severity of natural disasters, will dictate the insurance sector's next steps. Add to that technological evolution and the constant need to implement these tools in the sector's operations, and you have a picture of an industry undergoing profound transformation. Consumer expectations ...
The Mutual Association Montepio Geral (AMMG) says it may sell a majority stake in Lusitania and Lusitania Vida, revealed the group’s chairman, Virgílio Lima, emphasising that it will only proceed with this process after impairments at the insurance companies have been recovered. “We have a set of impairments that date from the previous crisis period, which affected all entities and ...
Last year, around this time, I was speaking with many people in the sector to gather their opinions on what they considered relevant about 2024 (which was coming to an end…) and what they anticipated would change and/or evolve in 2025. Besides the pleasure of conversing with some prominent market players, it was a ...
