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The Portuguese insurance market is a competitive and dynamic industry with a total market size of €13 billion in 2021. The market is characterized by a high degree of concentration, with the top five insurers accounting for over 70% of the market share. The non-life insurance segment is larger than the life insurance segment, accounting for 56% of total premiums. The most popular non-life insurance products are motor, health, and property insurance.
The Portuguese government is a major purchaser of insurance products and services, spending an estimated €1 billion annually. The government procures a wide range of insurance products, including motor, health, property, and liability insurance. The government's procurement process is governed by the Public Procurement Law, which requires that all procurements be conducted in a fair and transparent manner.
The main insurance products and services procured by the Portuguese government include:
Motor insurance: The government procures motor insurance for its fleet of vehicles.
Health insurance: The government procures health insurance for its employees and their dependents.
Property insurance: The government procures property insurance for its buildings and other assets.
Liability insurance: The government procures liability insurance to protect itself against claims of negligence.
The top authorities for Portugal insurance procurement are:
Central Purchasing Authority (Centrale de Compras Públicas - CCP)
Ministry of Finance (Ministério das Finanças)
Ministry of Health (Ministério da Saúde)
Ministry of Internal Affairs (Ministério da Administração Interna)
The top winners of Portugal insurance procurement are:
Grupo Segurador Fidelidade
Grupo Generali Portugal
Zurich Insurance Group Portugal
Allianz Portugal
AXA Portugal
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