Portugal

Insurance companies will have to change accounting in 2027

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Based on a feed excerpt; full article content has not been acquired. Source evidence retrieved 12/11/2026, 15:56:25 UTC.

Briefings

Portuguese insurance companies face mandatory accounting changes starting 2027 due to IFRS 18 implementation. The Autoridade de Supervisão de Seguros e Fundos de Pensões (ASF) published a public consultation on revised accounting plans, requiring a 2027 adoption of new revenue and expense categories and detailed classification criteria. Companies must evaluate investment activity treatments and correct identified application errors within the new framework.

Key points

• Insurance companies in Portugal must adopt new accounting standards effective 2027 due to IFRS 18 implementation.
• The ASF consultation period runs until December 3, 2026, with contributions requested during this phase.

Context

The Portuguese insurance sector must comply with European financial reporting rules. The ASF is currently reviewing the accounting plan for insurance companies, focusing on investment activity classification and correcting application errors.

Limitations

The evidence covers only the Portuguese market and the specific IFRS 18 transition. It does not include data on other countries, specific company impacts, or long-term financial projections beyond the 2027 deadline.

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