The insurance sector in Portugal remains very active and competitive, attracting interest and investment from companies in different jurisdictions, particularly in the areas of savings and health protection.

On the other hand, the sector faces challenges in assessing risks and offering products that respond to the changes in the economy and society, challenges that include the digitalisation of the economy, the sharing economy and new forms of mobility, the ageing population, environmental and climate change and sustainable financing.

CS'Associados stands out for its ability to combine the strength and depth of experience of first class lawyers, with a recognised professional track record in providing specialised advice in various areas of law.

In the insurance sector, this knowledge and experience comes from:

  • Advising leading domestic and international insurers and reinsurers on the structuring and launch of insurance and reinsurance products, including life insurance, unit-linked and capitalisation insurance, mortgage and non-mortgage insurance, reinsurance structures and pension funds;
  • Advising insurers on regulatory matters, including authorisations and registrations to conduct insurance and reinsurance business in Portugal, reporting requirements to the Portuguese supervisory authorities, notifications of the acquisition and disposal of qualifying interests in insurance companies, KYC requirements and anti-money laundering and countering the financing of terrorism, personal data, customer reporting requirements and insurance mediation regulation;
  • Ongoing assistance and advice to leading domestic and international insurers and reinsurers, pension fund managers and credit institutions on all aspects of insurance business, including legal assessment of cover, pre-contract support and taxation of insurance products;
  • FIG M&A transactions involving the acquisition, sale and/or investment in insurance companies.
  • Representation of insurers and/or insureds in court and arbitration proceedings in Portugal.

Track Record

Assisting a bank in a synthetic securitisation with significant risk transfer of a benchmark asset by contracting a financial guarantee in the form of an insurance.

Assisting a leading consumer bank in setting up a joint venture with a leading insurance company for the distribution of insurance products (health and accident), including drafting the joint venture agreement, reviewing insurance policy conditions and advertising materials.

Assisting the pension fund manager in assessing the impact of the members' resolution on the liabilities under a supplementary pension plan financed by a pension fund.