"Life Insurance in Belgium, Key Trends and Opportunities to 2017" Published

From: Fast Market Research, Inc.
Published: Mon Jan 13 2014

The Belgian life insurance segment accounted for the largest proportion of gross written premiums in the country's insurance industry, with a share of 65.3% and was valued at EUR20.7 billion (US$26.6 billion) in 2012, after registering a CAGR of 1.7% during the review period (2008-2012). The slow growth was attributed to the sovereign debt crisis in the country that lasted the entire review period, which led to a rise in unemployment and a reduction in wages. It was further discouraged by political instability and a credit ratings downgrade by the leading rating agencies, Standard & Poor's and Moody's. Following the formation of a new government in December 2011, the economy and political situation improved. The International Monetary Fund (IMF) projects a positive economic development over the forecast period (2012-2017), with the life insurance segment expected to increase at a CAGR of 4.2% in terms of gross written premium value, from EUR20.7 billion (US$26.6 billion) in 2012 to EUR25.3 billion (US$32.3 billion) in 2017.

Full Report Details at
- http://www.fastmr.com/prod/761868_life_insurance_in_belgium_key_trends_and.aspx?afid=301

Key Highlights

* The economic crisis, political instability and increasing national debt all contributed towards the weak CAGR of 1.7% recorded by the life segment during the review period
* Individual unit-linked insurance was the fastest-growing category during the review period with a CAGR of 26.1%
* Belgium's distribution network of life insurance products comprises independent agencies, brokers, bancassurance and other distribution channels such as e-commerce, call centers and various government agencies such as post offices
* The Belgian insurance industry is regulated and supervised by the National Bank of Belgium (NBB) and the Financial Services and Markets Authority (FSMA)
* The life insurance segment consists of domestic and multinational insurers. The segment is highly concentrated with the 10 leading companies accounting for 85.5% of the total segment in terms of gross written premium income in 2012


This report provides a comprehensive analysis of the life insurance segment in Belgium:

* It provides historical values for Belgium's life insurance segment for the report's 2008-2012 review period and forecast figures for the 2012-2017 forecast period
* It offers a detailed analysis of the key categories in Belgium's life insurance segment, along with market forecasts until 2017
* It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
* It analyses the various distribution channels for life insurance products in Belgium
* Using Porter's industry-standard "Five Forces" analysis, it details the competitive landscape in Belgium for the life insurance business

About Fast Market Research

Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.

For more information about these or related research reports, please visit our website at http://www.fastmr.com or call us at 1.800.844.8156.

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Company: Fast Market Research, Inc.
Contact Name: Bill Thompson
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Contact Phone: 1-413-485-7001

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