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Belgium Insurance Report Q3 2015


Attention: There is an updated edition available for this report.

Belgium Insurance Report Q3 2015

BMI View: We have a negative short-term outlook for Belgium's life and non-life insurance segments, butexpect recovery in both from 2017 onwards. As such, economic pressures will initially weigh on insurers'ability to increase their written premiums; however, improvements in households' disposable incomes willtranslate into greater demand for both life and non-life insurance. We forecast particularly rapid growth inhealth insurance, due Belgium's ageing population paired with consequently rising private healthcareexpenses. Overall, we underscore long-term investment opportunities in Belgium's insurance sector.

Belgium's life and non-life insurance segments are highly developed. Insurance providers in both segmentsare expected to experience downwards pressure on their written premiums in the short-term, but willexperience ongoing growth in the medium to long-term. The most recent financial results reported by themajor players in both segments, as well as their forward guidance, confirm this outlook, The factors whichunderpin this trend are discussed subsequently.


BMI Industry View
SWOT
Political
Economic
Industry Forecast
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Belgium 2012-2019)
Life Insurance Claims
Table: Life Insurance Claims (Belgium 2007-2013)
Life Insurance Drivers
Table: Life Expectancy by Gender (Belgium 2012-2019)
Table: Demographic Breakdown (Belgium 2012-2019)
Non-Life Premiums Forecast
Non-Life Premiums
Table: Gross Non-Life Premiums Written (Belgium 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Belgium 2007-2013)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Belgium 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Belgium 2012-2019)
Table: Insurance Key Drivers, Autos (Belgium 2012-2019)
Table: Transport Insurance (Belgium 2012-2019)
Table: Insurance Key Drivers, Freight Tonnage (Belgium 2012-2019)
Property Insurance
Table: Property Insurance (Belgium 2012-2019)
Health and Personal Accident Insurance
Table: Health Insurance (Belgium 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Belgium 2012-2019)
Table: Personal Accident Insurance (Belgium 2012-2019)
Credit and General Liability Insurance
Table: Credit/Financial Guarantee Insurance (Belgium 2012-2019)
Table: General Liability Insurance (Belgium 2012-2019)
Industry Risk Reward Ratings
Emerging Europe Risk/Reward Index
Table: Emerging Europe Insurance Risk/Reward Index
Market Overview
Life Market Overview
Table: Gross Written Premiums in the Life Segment, 2007-2013
Non-Life Market Overview
Table: Non-Life Insurance Market Shares (USDmn)
Company Profile
Ageas
AXA
Belfius
Ethias
KBC
Demographic Forecast
Table: Population Headline Indicators (Belgium 1990-2025)
Table: Key Population Ratios (Belgium 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Belgium 1990-2025)
Table: Population By Age Group (Belgium 1990-2025)
Table: Population By Age Group % (Belgium 1990-2025)
Methodology
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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