[ad_1]
The insurer opened five new offices in one year and also grew the volume of premiums it manages by more than 15%.
Sabseg Portugal’s turnover for the year ended 2023 is estimated at €42 million, a year-on-year increase of 15.4%.
The insurer announced in a statement that the managed premium portfolio exceeded 380 million euros, an increase of 15.14% compared to the same period last year. At the same time, it expanded its network of offices in Portugal.
Last year, the company opened a total of five new offices (Rio Maior, Guarda, Vila Franca de Xira and flagship store Lisbon and Porto). In the first half of 2024, Sabseg Portugal opened nine more facilities, bringing the total number of offices in the country to 41 as of that period.
Miguel Machado, Chairman of the Board, stressed that in 2023, “we reaffirmed our market position and our ability to overcome obstacles with resilience”.
The first half data also show growth in certain sectors compared to the general account of the insurance sector. Sabseg Portugal focuses on the occupational accidents sector, with a change of +17% (market average of 11.6%), the automotive sector, with a change of +18% (market average of 11.2%) and the credit sector, with a change of +19% (market average of 1.98%).
The head expects the business to develop “strongly in the coming years” and reiterates that for the Iberian market “the positioning is perfectly aligned with Sabseg Spain, so our business could soon exceed 1 billion euros”. Premiums are managed “.
[ad_2]
Source link
