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Non-Life Insurance in Belgium

Publisher MarketLine
Published Dec 11, 2025
Length 39 Pages
SKU # MTLN21020492

Description

Non-Life>Insurance>in>Belgium

Summary

>Non-Life>Insurance>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
  • Non-life>insurance>is>typically>defined>as>any>insurance>not>determined>to>be>life>insurance.>It>includes>automobile>and>homeowners'>policies>and>provides>payments>depending>on>the>loss>from>a>particular>financial>event.
  • The>Belgian>non-life>insurance>market>recorded>gross>written>premiums>of>$16.6>billion>in>2024,>representing>a>compound>annual>growth>rate>(CAGR)>of>4.2%>between>2019>and>2024.
  • The>motor>segment>accounted>for>the>market's>largest>proportion>in>2024,>with>total>gross>written>premiums>of>$5.0>billion,>equivalent>to>30.1%>of>the>market's>overall>value.
  • In>2024,>the>Belgian>non-life>insurance>market>recorded>an>annual>growth>of>5.9%.>The>growth>is>driven>by>an>increase>in>net>household>disposable>income,>enabling>consumers>to>allocate>greater>financial>resources>toward>risk>protection.>According>to>Eurostat,>in>2024,>the>net>disposable>income>per>household>in>Belgium>reached>$71,292.4,>up>2.2%>annually.
Scope
  • Save>time>carrying>out>entry-level>research>by>identifying>the>size,>growth,>major>segments,>and>leading>players>in>the>non-life>insurance>market>in>Belgium
  • Use>the>Five>Forces>analysis>to>determine>the>competitive>intensity>and>therefore>attractiveness>of>the>non-life>insurance>market>in>Belgium
  • Leading>company>profiles>reveal>details>of>key>non-life>insurance>market>players’>global>operations>and>financial>performance
  • Add>weight>to>presentations>and>pitches>by>understanding>the>future>growth>prospects>of>the>Belgium>non-life>insurance>market>with>five>year>forecasts>by>both>value>and>volume
Reasons>to>Buy
  • What>was>the>size>of>the>Belgium>non-life>insurance>market>by>value>in>2024?
  • What>will>be>the>size>of>the>Belgium>non-life>insurance>market>in>2029?
  • What>factors>are>affecting>the>strength>of>competition>in>the>Belgium>non-life>insurance>market?
  • How>has>the>market>performed>over>the>last>five>years?
  • Who>are>the>top>competitors>in>Belgium's>non-life>insurance>market?

Table of Contents

39 Pages
1 Executive Summary
1.1. Market value
1.2. Market value forecast
1.3. Category segmentation
1.4. Geography segmentation
1.5. Market rivalry
1.6. 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. Who are the leading players?
7.2. What are the strategies of the leading players?
7.3. What are the most recent developments in the market?
8 Company Profiles
8.1. AG Insurance SA/NV
8.2. KBC Group NV
8.3. Ethias SA
8.4. AXA Belgium 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 non-life insurance market value: $ billion, 2019-24
Table 2: Belgium non-life insurance market category segmentation: % share, by value, 2019-24
Table 3: Belgium non-life insurance market category segmentation: $ billion, 2019-24
Table 4: Belgium non-life insurance market geography segmentation: $ billion, 2024
Table 5: Belgium non-life insurance market value forecast: $ billion, 2024-29
Table 6: AG Insurance SA/NV: Key Facts
Table 7: AG Insurance SA/NV: Key Employees
Table 8: KBC Group NV: Key Facts
Table 9: KBC Group NV: Annual Financial Ratios
Table 10: KBC Group NV: Key Employees
Table 11: Ethias SA: Key Facts
Table 12: Ethias SA: Key Employees
Table 13: AXA Belgium NV: Key Facts
Table 14: AXA Belgium NV: Key Employees
Table 15: Belgium Size of Population (Million), 2020-24
Table 16: Belgium Real GDP (Constant 2010 Prices, $ Billion), 2020-24
Table 17: Belgium GDP (Current Prices, $ Billion), 2020-24
Table 18: Belgium Inflation, 2020-24
Table 19: Belgium Consumer Price Index (Absolute), 2020-24
Table 20: Belgium Exchange Rate, 2019-24
List of Figures
Figure 1: Belgium non-life insurance market value: $ billion, 2019-24
Figure 2: Belgium non-life insurance market category segmentation: $ billion, 2019-24
Figure 3: Belgium non-life insurance market geography segmentation: % share, by value, 2024
Figure 4: Belgium non-life insurance market value forecast: $ billion, 2024-29
Figure 5: Forces driving competition in the non-life insurance market in Belgium, 2024
Figure 6: Drivers of buyer power in the non-life insurance market in Belgium, 2024
Figure 7: Drivers of supplier power in the non-life insurance market in Belgium, 2024
Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Belgium, 2024
Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Belgium, 2024
Figure 10: Drivers of degree of rivalry in the non-life insurance market in Belgium, 2024

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