Belgium Insurance Report Q3 2018
Belgium has a well-established insurance industry, with mature market dynamics in both the life and non-life segments.High incomes and strong levels of product awareness have developed a market where both density and penetration levels in the lifeand non-life segments are strong. As organic growth rates are low and the first-time buyer pool is diminished, insurers will look toproduct innovation and active upselling to support revenue expansion. Primary drivers of growth will be favourable demographics,high spending powers and supportive headline economic growth.
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