Personal Accident and Health Insurance in Portugal, Key Trends and Opportunities to 2017 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-18 06:45:01
The Portuguese healthcare system is well developed and is characterized by a mix of public and private systems. The written premium of the Portuguese personal accident and health insurance segment declined from EUR1.4 billion (US$2.0 billion) in 2008 to EUR1.2 billion (US$1.5 billion) in 2012, at a compound annual growth rate (CAGR) of -3.4% during the review period (2008â2012).
The troubled state of the economy, rising unemployment and a decline in disposable income has led to a decline in demand for personal accident and health insurance products. Over the forecast period (2012â2017), declining government health spending, rising healthcare costs and an aging population will act as catalysts for the growth of the personal accident and health segment.
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