Belgium Insurance Q4 2018
The insurance industry of Belgium is well established and home to a number of reputable and highly capitalised carriers.Both the life and non-life insurance lines have strong rates of density and penetration, and uptake is bolstered by high incomes,supportive demographics and a robust rate of product awareness. As organic growth rates are low and the first-time buyer pool isdiminished, insurers will look to product innovation and active upselling to support revenue expansion. Healthy headline economicgrowth, coupled with potent spending powers, will continue to support insurance sales out to 2022 and beyond.
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