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Life Insurance & Pension in Belgium

Publisher MarketLine
Published Dec 31, 2025
Length 40 Pages
SKU # MTLN21020494

Description

Life>Insurance>&>Pension>in>Belgium

Summary

>Life>Insurance>&>Pension>in>Belgium>industry>profile>provides>top-line>qualitative>and>quantitative>summary>information>including:>market>share,>market>size>(value>and>volume>2019-24,>and>forecast>to>2029).>The>profile>also>contains>descriptions>of>the>leading>players>including>key>financial>metrics>and>analysis>of>competitive>pressures>within>the>market.

Key>Highlights
  • Life>insurance>is>the>financial>cover>for>a>contingency>linked>with>human>life,>like>death,>disability,>accident,>retirement,>etc.>Human>life>is>subject>to>risks>of>death>and>disability>due>to>natural>and>accidental>causes.>When>human>life>is>lost>or>a>person>is>disabled>permanently>or>temporarily,>there>is>a>loss>of>income>to>the>household.
  • The>Belgian>life>insurance>&>pension>market>recorded>gross>written>premiums>of>$19.6>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>0.9%>between>2019>and>2024.
  • The>life>insurance>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$13.6>billion,>equivalent>to>69.6%>of>the>market's>overall>value.
  • The>Belgian>life>insurance>&>pension>market>experienced>an>annual>revenue>growth>of>6.2%>in>2024,>primarily>driven>by>the>increasing>population>of>individuals>aged>65>and>above.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>life>insurance>&>pension>market>in>Belgium
  • Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>life>insurance>&>pension>market>in>Belgium
  • Leading>company>profiles>reveal>details>of>key>life>insurance>&>pension>market>players’>global>operations>and>financial>performance
  • Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Belgium>life>insurance>&>pension>market>with>five>year>forecasts>by>both>value>and>volume
Reasons>to>Buy
  • What>was>the>size>of>the>Belgium>life>insurance>&>pension>market>by>value>in>2024?
  • What>will>be>the>size>of>the>Belgium>life>insurance>&>pension>market>in>2029?
  • What>factors>are>affecting>the>strength>of>competition>in>the>Belgium>life>insurance>&>pension>market?
  • How>has>the>market>performed>over>the>last>five>years?
  • Who>are>the>top>competitors>in>Belgium's>life>insurance>&>pension>market?

Table of Contents

40 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market share
1.6. Market rivalry
1.7. Competitive landscape
2 Market Overview
2.1. Market definition
2.2. Market analysis
3 Market Data
3.1. Market value
4 Market Segmentation
4.1. Category segmentation
4.2. Geography segmentation
5 Market Outlook
5.1. Market value forecast
6 Five Forces Analysis
6.1. Summary
6.2. Buyer power
6.3. Supplier power
6.4. New entrants
6.5. Threat of substitutes
6.6. Degree of rivalry
7 Competitive Landscape
7.1. Market share
7.2. Who are the leading players?
7.3. What are the strategies of the leading players?
7.4. What are the strengths of the leading players?
7.5. What are the recent developments in the sector?
8 Company Profiles
8.1. AG Insurance SA/NV
8.2. AXA Belgium NV
8.3. Ethias SA
8.4. KBC Group NV
9 Macroeconomic Indicators
9.1. Country data
10 Appendix
10.1. Methodology
10.2. Industry associations
10.3. Related MarketLine research
10.4. About MarketLine
List of Tables
Table 1: Belgium life insurance & pension market value: $ billion, 2019-24
Table 2: Belgium life insurance & pension market category segmentation: % share, by value, 2019-24
Table 3: Belgium life insurance & pension market category segmentation: $ billion, 2019-24
Table 4: Belgium life insurance & pension market geography segmentation: $ billion, 2024
Table 5: Belgium life insurance & pension market value forecast: $ billion, 2024-29
Table 6: Belgium life insurance & pension market share: % share, by value, 2024
Table 7: AG Insurance SA/NV: Key Facts
Table 8: AG Insurance SA/NV: Key Employees
Table 9: AXA Belgium NV: Key Facts
Table 10: AXA Belgium NV: Key Employees
Table 11: Ethias SA: Key Facts
Table 12: Ethias SA: Key Employees
Table 13: KBC Group NV: Key Facts
Table 14: KBC Group NV: Annual Financial Ratios
Table 15: KBC Group NV: Key Employees
Table 16: Belgium Size of Population (Million), 2020-24
Table 17: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 18: Belgium GDP (Current Prices, $ Billion), 2020-24
Table 19: Belgium Inflation, 2020-24
Table 20: Belgium Consumer Price Index (Absolute), 2020-24
Table 21: Belgium Exchange Rate, 2019-24
List of Figures
Figure 1: Belgium life insurance & pension market value: $ billion, 2019-24
Figure 2: Belgium life insurance & pension market category segmentation: $ billion, 2019-24
Figure 3: Belgium life insurance & pension market geography segmentation: % share, by value, 2024
Figure 4: Belgium life insurance & pension market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the life insurance & pension market in Belgium, 2024
Figure 6: Drivers of buyer power in the life insurance & pension market in Belgium, 2024
Figure 7: Drivers of supplier power in the life insurance & pension market in Belgium, 2024
Figure 8: Factors influencing the likelihood of new entrants in the life insurance & pension market in Belgium, 2024
Figure 9: Factors influencing the threat of substitutes in the life insurance & pension market in Belgium, 2024
Figure 10: Drivers of degree of rivalry in the life insurance & pension market in Belgium, 2024
Figure 11: Belgium life insurance & pension market share: % share, by value, 2024

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