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Life Insurance in Belgium, Key Trends and Opportunities to 2019

Life Insurance in Belgium, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Life Insurance in Belgium, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Belgian life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Belgian economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Belgium, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Belgian life insurance segment, including:

  • The Belgian life insurance segment’s growth prospects by life insurance category
  • Key trends, drivers and challenges for the life insurance segment
  • A comprehensive overview of the Belgian economy and demographics
  • The various distribution channels in the Belgian life insurance segment
  • Details of the competitive landscape in the life insurance segment in Belgium
  • Details of regulatory policy applicable to the Belgian insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Belgium:
  • It provides historical values for the Belgian life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the Belgian life insurance segment, and market forecasts to 2019.
  • It analyzes the various distribution channels for life insurance products in Belgium.
  • It profiles the top life insurance companies in Belgium and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Belgian life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Belgian life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Belgian insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • The insurance industry faces challenges in the form of high interest rates guaranteed on a large proportion of their liabilities.
  • From January 1, 2014, the premium tax on branch 21 and 23 insurance was raised from 1.1% to 2%. Certain categories of life insurance – such as creditor and group insurance, and pension funds – are exempt from these premium taxes.
  • The Belgian government faces severe challenges in the form of weak economic growth, with GDP set to grow at around 1%, and a weakened economic outlook.


  • Key Facts and Highlights
    • Table Belgian Life Insurance - Key Facts, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Belgium Government Credit Ratings
  • Life Insurance Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Life Insurance Growth Prospects by Category
      • Table Belgian Life Insurance - New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Net Earned Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Net Earned Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Paid Claims (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Paid Claims (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Incurred Loss (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Incurred Loss (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Commissions and Expenses (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Commissions and Expenses (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
      • Table Belgian Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Table Belgian Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Total Assets (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Total Assets (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Total Investment Income (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Total Investment Income (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Net Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Net Written Premium (EUR Billion), 2014-2019
      • Individual Life Insurance
        • Table Belgian Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
        • Table Belgian Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
        • Table Belgian Individual Endowment Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Belgian Individual Endowment Insurance - Direct Written Premium (EUR Billion), 2014-2019
        • Table Belgian Other Individual Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Belgian Other Individual Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
      • Group Life Insurance
        • Table Belgian Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
        • Table Belgian Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
        • Table Belgian Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Belgian Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
        • Table Belgian Other Group Life Insurance - Direct Written Premium (EUR million), 2010-2014
        • Table Belgian Other Group Life Insurance - Direct Written Premium (EUR Million), 2014-2019
    • Life Insurance Growth Prospects by Product Type
      • Table Belgian Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Belgian Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2010-2014
      • Table Belgian Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2014-2019
      • Table Belgian Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Sales Force, 2010-2014
      • Table Belgian Life Insurance - Sales Force, 2014-2019
    • Bancassurance
      • Table Belgian Life Insurance - Bancassurance Value of Commissions (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Bancassurance Value of Commissions (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Bancassurance New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Bancassurance New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Number of Banking Entities, 2010-2014
      • Table Belgian Life Insurance - Number of Banking Entities, 2014-2019
    • Agencies
      • Table Belgian Life Insurance - Agencies' Value of Commissions (EUR Million), 2010-2014
      • Table Belgian Life Insurance - Agencies' Value of Commissions (EUR Million), 2014-2019
      • Table Belgian Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Number of Insurance Agents, 2010-2014
      • Table Belgian Life Insurance - Number of Insurance Agents, 2014-2019
    • E-commerce
      • Table Belgian Life Insurance - E-Commerce Value of Commissions (EUR Million), 2010-2014
      • Table Belgian Life Insurance - E-Commerce Value of Commissions (EUR Million), 2014-2019
      • Table Belgian Life Insurance - E-Commerce New Business Direct Written Premium (EUR Million), 2010-2014
      • Table Belgian Life Insurance - E-Commerce New Business Direct Written Premium (EUR Million), 2014-2019
    • Brokers
      • Table Belgian Life Insurance - Brokers' Value of Commissions (EUR Million), 2010-2014
      • Table Belgian Life Insurance - Brokers' Value of Commissions (EUR Million), 2014-2019
      • Table Belgian Life Insurance - Brokers' New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Belgian Life Insurance - Brokers' New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Belgian Life Insurance - Number of Insurance Brokers, 2010-2014
      • Table Belgian Life Insurance - Number of Insurance Brokers, 2014-2019
    • Other Channels
      • Table Belgian Life Insurance - Other Channels' Value of Commissions (EUR Million), 2010-2014
      • Table Belgian Life Insurance - Other Channels' Value of Commissions (EUR Million), 2014-2019
      • Table Belgian Life Insurance - Other Channels' New Business Direct Written Premium (EUR Million), 2010-2014
      • Table Belgian Life Insurance - Other Channels' New Business Direct Written Premium (EUR Million), 2014-2019
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Belgian Life Insurance Segment
      • Table Belgian Life Insurance - Segment Shares (%), 2014
      • AG Insurance - Company Overview
        • Table AG Insurance, Key Facts
        • Table AG Insurance, Key Financials (EUR Million)
      • Axa Belgium - Company Overview
        • Table Axa Belgium, Key Facts
        • Table Axa Belgium, Key Financials (EUR Million)
      • CBC Assurances - Company Overview
        • Table CBC Assurances, Key Facts
        • Table CBC Assurances, Key Financials (EUR Million)
      • Ethias - Company Overview
        • Table Ethias, Key Facts
        • Table Ethias, Key Financials (EUR Million)
      • Belfius (Belins) Insurance Belgium SA - Company Overview
        • Table Belfius Insurance Belgium SA, Key Facts
        • Table Belfius, Key Financials (EUR Million)
      • Allianz Benelux - Company Overview
        • Table Allianz Benelux, Key Facts
        • Table Allianz Belgium, Key Financials (EUR Million)
      • Delta Lloyd Life - Company Overview
        • Table Delta Lloyd Life, Key Facts
        • Table Delta Lloyd, Key Financials (EUR Million)
      • Vivium Assurances - Company Overview
        • Table Vivium, Key Facts
        • Table Vivium, Key Financials (EUR Million)
      • Ergo Insurance NV - Company Overview
        • Table Ergo Insurance NV, Key Facts
        • Table Ergo Insurance, Key Financials (EUR Million)
      • Argenta Assuranties NV (Aras) - Company Overview
        • Table Argenta Assuranties NA, Key Facts
  • Governance, Risk and Compliance
    • Table Belgium - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Belgium - Life Insurance Regulatory Framework
      • Property insurance
        • Table Belgium - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Belgium - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Belgium - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance
      • Social insurance system
      • Air carrier and aircraft operators insurance
        • Table Belgium - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft
      • Professional indemnity insurance for alternative investment fund managers
      • Clinical trials liability insurance
      • Professional indemnity insurance for insurance intermediaries
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Federation of European Risk Management Associations (FERMA)
      • National Bank of Belgium (NBB)
      • The Financial Services and Markets Authority (FSMA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a domestic company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Belgium - Insurance Premium Taxation 2016
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Belgium - Corporate Tax Rates for the Financial Year Ending 2016
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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