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Non-Life Insurance in Belgium

Publisher MarketLine
Published Dec 11, 2025
Length 39 Pages
SKU # MTLN21050351

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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