Life Insurance in Belgium Key Trends and Opportunities to 2019
Timetric’s 'Life Insurance in Belgium, Key Trends and Opportunities to 2020' 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 (2011–2015) and forecast period (2015–2020).
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.
Timetric’s 'Life Insurance in Belgium, Key Trends and Opportunities to 2020' 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
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 2011–2015 review period, and projected figures for the 2015–2020 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.
Belgium’s economy has recovered, with real GDP growth of 1.7% in 2014, 1.5% in 2015 and 1.3% in 2016. The National Bank of Belgium has projected GDP growth at 1.4% in 2017 and 1.6% in 2018, which is expected to positively impact life insurance growth over the forecast period.
In April 2017, a new law abolished Article 20 of the Insurance Act of 2014, which increased the investment scope for Branch 23 insurance contracts.
In February 2016, the maximum guaranteed rate for Branch 21 products was increased from 1.5% to 2.0%.
Pension reforms initiated by the government in August 2015 are expected to increase demand for supplementary occupational and individual pension products.
Solvency ll was implemented, with effect from January 2016.