Industry Statistics and Rankings
How does this industry perform in Portugal compared to Europe?
Country Benchmarking
Industry Data Portugal
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#11 In EuropeBusiness
#3 In EuropeEmployees
#10 In EuropeWages
#10 In EuropeReinsurers' revenue is expected to have crept upwards at a compound annual rate of 4.3% to €314.3 billion over the five years through 2024; this includes a forecast rise of 0.3% in the current year, when the average profit margin will likely reach 5.7%. For the sixth time since 2017, natural catastrophe losses exceeded $100 billion (€91 billion) in 2023, according to Reinsurance firm Munich Re. The frequency and severity of natural catastrophes intensify with climate change and spiralling inflation only adds to the cost of pay-outs, depleting reserves and pushing up premiums. At the same time, social unrest and political headwinds inflate MAT, political risk, treaty assurance and trade. The fallout from the Russia-Ukraine war, Israel-Palestine war and Rebel conflict is materialising with marine aviation and transport (MAT), energy, trade credit and political premiums rising. Insurers turn to alternative capital markets to supplement traditional reinsurance as prices grow. Low investment income weighs on reserves and earnings and reinsurers are withdrawing certain lines, unable to cover the risk.
Enterprises
Number of businesses in 2024
Biggest companies in the Reinsurance in Portugal
| Company | Market Share (%)
2024 | Revenue (€m)
2024 | Profit (€m)
2024 | Profit Margin (%)
2024 |
|---|
There are no companies that hold a large enough market share in the Reinsurance in Portugal industry for IBISWorld to include in this product.
Top Questions Answered in this Report
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Reinsurance industry in Portugal in 2024?
The market size of the Reinsurance industry in Portugal is €3.9m in 2024.
How many businesses are there in the Reinsurance in Portugal industry in 2024?
There are 11 businesses in the Reinsurance industry in Portugal, which has grown at a CAGR of 1.9 % between 2019 and 2024.
Has the Reinsurance industry in Portugal grown or declined over the past 5 years?
The market size of the Reinsurance industry in Portugal has been growing at a CAGR of 3.1 % between 2019 and 2024.
What is the forecast growth of the Reinsurance industry in Portugal over the next 5 years?
Over the next five years, the Reinsurance industry in Portugal is expected to grow.
What does the Reinsurance in Portugal include?
Property and Casualty Reinsurance and Life and Health Reinsurance are part of the Reinsurance industry.
How competitive is the Reinsurance industry in Portugal?
The level of competition is moderate and steady in the Reinsurance industry in Portugal.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
- Activities Auxiliary to Insurance & Pension Funding in Portugal
- Fund Management Activities in Portugal
- Insurance in Portugal
Table of Contents
About this industry
Industry definition
Reinsurers specialise in assuming all or part of the risk associated with insurance policies underwritten by insurance companies. In other words, the primary business for reinsurers is insuring insurance companies by taking on some of the risks they have assumed through underwriting activities.
Related Terms
UNDERWRITING CAPACITY CEDE RETROCESSIONWhat's included in this industry?
Property and Casualty ReinsuranceLife and Health ReinsuranceLiability ReinsuranceCyber ReinsuranceMarine, Aviation and Transport (MAT)Other (Political Risk, Trade Credit, Business Interruption)Companies
Industry Code
652 - Reinsurance in Portugal
View up to 0 companies with purchase. View purchase options.
Performance
Revenue Highlights
Trends
- Revenue
- 2024 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Reinsurance in Portugal industry?
Outlook
Analysis
What's driving the Reinsurance in Portugal industry outlook?
Volatility
Analysis
What influences volatility in the Reinsurance in Portugal industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Reinsurance in Portugal industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Digitisation and rising incidences of conflict inflate specialist commercial lines. Cyber premiums are only on the rise as attacks become more severe, while MAT and political risk cover sales are booming with mounting geopolitical tensions.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Reinsurance in Portugal industry's products and services performing?
Analysis
What are innovations in the Reinsurance in Portugal industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Reinsurance in Portugal industry?
International Trade
Highlights
- Total Imports into Portugal
- Total Exports into Portugal
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2024)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Larger reinsurers with strong brand names have an advantage. Some reinsurers underwrite and sell in multiple countries, giving them the advantage of economies of scope - helping them diversify risk, lowering stringent capital requirements and policy prices and keeping them competitive.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2024)
Data Tables
- Number of Establishments by Region (2024)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Reinsurance in Portugal located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2024)
- Revenue (2024)
- Profit (2024)
- Profit margin (2024)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
The EIOPA regulates reinsurance activities within the EU. The aim of the body is to ensure financial stability, consumer protection and market efficiency in the insurance and reinsurance sectors.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Reinsurance in Portugal industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Policy payments account for the bulk of income. Reinsurance offers downstream insurers financial protection in the event of damages or losses. Payments are made when a policy is discontinued. Direct claims take up the largest share of payments.
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Reinsurance in Portugal industry?
Key Ratios
Data tables
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
- Revenue per Employee (2014-2029)
- Wages/Revenue (2014-2029)
- Employees per Establishment (2014-2029)
- Average Wage (2014-2029)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and boottom five countries listed for each:
- Revenue Growth (2024)
- Business Growth (2024)
- Job Growth (2024)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2024)
- Imports/Demand (2024)
- Exports/Revenue (2024)
- Revenue per Employee (2024)
- Wages/Revenue (2024)
- Employees per Establishment (2024)
- Average Wage (2024)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.
To learn more about specific data sources used by IBISWorld's analysts globally, including how industry data forecasts are produced, visit our Help Center.
France
Italy
Spain