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Non-Life Insurance in Belgium, Key Trends and Opportunities to 2019

Non-Life Insurance in Belgium, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Non-Life Insurance in Belgium, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Belgian non-life insurance segment, and a comparison of the Belgian insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Belgian insurance industry, 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 'Non-Life Insurance in Belgium, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Belgian non-life insurance segment, including:

  • The Belgian non-life insurance segment’s detailed outlook by product category
  • A comprehensive overview of the Belgian economy and demographics
  • A comparison of the Belgian insurance industry with its regional counterparts
  • The various distribution channels in the Belgian non-life insurance segment
  • Detailed analysis of natural hazards and their impact on the Belgian insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Belgium
  • Details of regulatory policy applicable to the Belgian insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Belgium:
  • It provides historical values for the Belgian non-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 non-life insurance segment, and market forecasts to 2019.
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Belgian non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • Solvency II was implemented on January 1, 2016.
  • An increasing focus on The Reinsurance and Insurance Pool (TRIP) to counter the evolving threat of terrorism has led to an annual growth of 3–5% for covering damage owing to terrorism risks since 2012.
  • In June 2014, the European Parliament passed new rules for insurance investment products to improve investor protection.
  • On September 4, 2014, the European Court of Justice delivered a judgment requiring motor to cover accidents on private land.


  • Key Facts and Highlights
    • Table Belgian Non-Life Insurance - Key Facts, 2014
    • Table Belgian Non-Life Insurance - Segment Shares of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Belgium Government Credit Ratings
  • Segment Outlook
    • Segment Indicators
      • Gross written premium and penetration
        • Table Belgian Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Non-Life Insurance - Penetration (%), 2010-2014
        • Table Belgian Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2014-2019
        • Table Belgian Non-Life Insurance - Penetration (%), 2014-2019
        • Table Belgian Non-Life Insurance - Premium per Capita (EUR and US$), 2010-2014
        • Table Belgian Non-Life Insurance - Premium per Capita (EUR and US$), 2014-2019
      • Claims
        • Table Belgian Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Belgian Non-Life Insurance - Profitability Ratio (%), 2010-2014
        • Table Belgian Non-Life Insurance - Profitability Ratio (%), 2014-2019
      • Assets and investments
        • Table Belgian Non-Life Insurance - Solvency Position, 2010-2014
        • Table Belgian Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2014-2019
        • Table Belgian Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Non-Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2014-2019
        • Table Belgian Non-Life Insurance - Investment Portfolio (EUR Billion), 2010-2014
        • Table Belgian Non-Life Insurance - Investment Portfolio (EUR Billion), 2014-2019
  • Outlook by Category
    • Table Belgian Non-Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
    • Table Belgian Non-Life Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
    • Property Insurance
      • Product overview
      • Premium
        • Table Belgian Property Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2010-2014
        • Table Belgian Property Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2014-2019
      • Claims
        • Table Belgian Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Belgian Property Insurance - Loss Ratio (%), 2010-2014
        • Table Belgian Property Insurance - Loss Ratio (%), 2014-2019
    • Motor Insurance
      • Product overview
      • Premium
        • Table Belgian Motor Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2010-2014
        • Table Belgian Motor Insurance - Direct Written Premium by Sub-Category (EUR Billion), 2014-2019
      • Claims
        • Table Belgian Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Motor Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Belgian Motor Insurance - Loss Ratio (%), 2010-2014
        • Table Belgian Motor Insurance - Loss Ratio (%), 2014-2019
    • Liability Insurance
      • Product overview
      • Premium
        • Table Belgian Liability Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Belgian Liability Insurance - Direct Written Premium (EUR Billion), 2014-2019
      • Claims
        • Table Belgian Liability Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Belgian Liability Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Belgian Liability Insurance - Loss Ratio (%), 2010-2014
        • Table Belgian Liability Insurance - Loss Ratio (%), 2014-2019
    • Marine, Aviation and Transit Insurance
      • Product overview
        • Table Belgian Transport Network - Global Rankings
      • Premium
        • Table Belgian Marine, Aviation and Transit Insurance - Direct Written Premium (EUR Million), 2010-2014
        • Table Belgian Marine, Aviation and Transit Insurance - Direct Written Premium (EUR Million), 2014-2019
      • Claims
        • Table Belgian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2010-2014
        • Table Belgian Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2014-2019
      • Profitability
        • Table Belgian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
        • Table Belgian Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Belgian Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2010-2014
      • Table Belgian Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2014-2019
      • Table Belgian Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2010-2019
      • Agencies
      • Insurance brokers
      • Direct marketing
      • Bancassurance
  • Natural Hazards
    • Table Belgian Top 10 Disasters, Economic Damage, 1990-2014
    • Table Belgian Average Annual Loss by Hazard
    • Floods
    • Storms
    • Extreme Temperatures
    • Earthquakes
    • Exposure
  • Competitive Landscape
    • Overview
    • Leading Companies in the Belgium Non-Life Insurance Segment
      • Table Shares of Key Insurers in the Belgian Non-Life Insurance Segment (%), 2014
      • Axa Belgium SA - Company Overview
        • Table Axa Belgium SA- Key Facts
        • Table Axa Belgium SA - Key Financials (EUR Million)
      • AG Insurance - Company Overview
        • Table AG Insurance - Key Facts
        • Table Axa Belgium SA - Key Financials (EUR Million)
      • Ethias - Company Overview
        • Table Ethias - Key Facts
        • Table Ethias - Key Financials (EUR Million)
      • CBC Assurances - Company Overview
        • Table CBC Assurances - Key Facts
        • Table CBC Assurances - Key Financials (EUR Million)
      • Baloise Insurance - Company Overview
        • Table Baloise Insurance - Key Facts
        • Table Baloise Insurance - Key Financials (EUR Million)
      • Belfius (Belins) Insurance Belgium SA - Company Overview
        • Table Belfius Insurance Belgium SA - Key Facts
        • Table Baloise Insurance - Key Financials (EUR Million)
      • DKV Belgium - Company Overview
        • Table DKV Belgium - Key Facts
        • Table DKV Belgium - Key Financials (EUR Million)
      • Allianz Belgium - Company Overview
        • Table Allianz Belgium - Key Facts
        • Table Allianz Belgium - Key Financials (EUR Million)
      • Vivium - Company Overview
        • Table Vivium - Key Facts
        • Table Vivium - Key Financials (EUR Million)
      • P&V Assurance - Company Overview
        • Table P&V Assurance - Key Facts
        • Table Vivium - Key Financials (EUR Million)
  • 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)
  • Databook
    • Policies and Premium
      • Table Belgian Insurance Industry - Policies and Premium, 2010-2014
      • Table Belgian Insurance Industry - Policies and Premium, 2014-2019
    • Claims and Expenses
      • Table Belgian Non-Life Insurance - Claims and Expenses, 2010-2014
      • Table Belgian Non-Life Insurance - Claims and Expenses, 2014-2019
    • Assets and Investments
      • Table Belgian Non-Life Insurance - Assets and Investments, 2010-2014
      • Table Belgian Non-Life Insurance - Assets and Investments, 2014-2019
    • Direct Marketing
      • Table Belgian Non-Life Insurance - Direct Marketing and E-Commerce, 2010-2014
      • Table Belgian Non-Life Insurance - Direct Marketing and E-Commerce, 2014-2019
    • Insurance Brokers and Agencies
      • Table Belgian Non-Life Insurance - Insurance Brokers and Agencies, 2010-2014
      • Table Belgian Non-Life Insurance - Insurance Brokers and Agencies, 2014-2019
    • Bancassurance and Other Distribution Channels
      • Table Belgian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2010-2014
      • Table Belgian Non-Life Insurance - Bancassurance and Other Distribution Channels, 2014-2019
    • Property Insurance
      • Table Belgian Non-Life Insurance - Property Insurance, 2010-2014
      • Table Belgian Non-Life Insurance - Property Insurance, 2014-2019
    • Property Insurance by Product
      • Table Belgian Non-Life Insurance - Property Insurance by Product, 2010-2014
      • Table Belgian Non-Life Insurance - Property Insurance by Product, 2014-2019
    • Motor Insurance
      • Table Belgian Non-Life Insurance - Motor Insurance, 2010-2014
      • Table Belgian Non-Life Insurance - Motor Insurance, 2014-2019
    • Motor Insurance by Product
      • Table Belgian Non-Life Insurance - Motor Insurance by Product, 2010-2014
      • Table Belgian Non-Life Insurance - Motor Insurance by Product, 2014-2019
    • Liability Insurance
      • Table Belgian Non-Life Insurance - Liability Insurance, 2010-2014
      • Table Belgian Non-Life Insurance - Liability Insurance, 2014-2019
    • Marine, Aviation and Transit Insurance
      • Table Belgian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2010-2014
      • Table Belgian Non-Life Insurance - Marine, Aviation and Transit Insurance, 2014-2019
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

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