Research and Markets: Non-Life Insurance in Belgium, Key Trends and Opportunities to 2017 Research Report

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Research and Markets ( has announced the addition of the "Non-Life Insurance in Belgium, Key Trends and Opportunities to 2017" report to their offering.

In terms of gross written premium, the Belgian non-life insurance segment accounted for 25.0% of the country's total insurance industry in 2012. The segment grew in terms of written premium value from EUR6.4 billion (US$9.4 billion) in 2008 to EUR7.9 billion (US$10.2 billion) in 2012, at a compound annual growth rate (CAGR) of 5.4% during the review period (2008- 2012). The growth was primarily generated by the country's favorable regulatory environment for non-life insurers, such as the compulsory nature of motor and fire insurance, which helped these categories record fast growth during the review period.

The segment's growth was further accelerated by the country's strong transport connections with European nations such as France, Germany and the Netherlands. After facing the global financial crisis in 2009 and increasing concerns over the subsequent European sovereign debt crisis, the Belgian insurance industry experienced recovery in 2012.

Key Highlights

- Despite difficult business and economic conditions, the Belgian non-life insurance segment registered a favorable CAGR of 5.4% during the review period

- The non-life segment's growth was primarily derived from the country's favorable regulatory environment, which includes compulsory third-party liability motor insurance and fire insurance

- Motor insurance was the largest category within the segment in terms of written premium during the review period

- The distribution network for non-life insurance products in Belgium includes insurance brokers, agency networks, bancassurance, financial brokers and direct channels

- The Belgian insurance industry is regulated and supervised by the National Bank of Belgium (NBB) and the Financial Services and Markets Authority (FSMA)

- The Belgian non-life insurance segment is dominated by multinationals and is highly concentrated; the 10 leading companies together accounted for 78.4% of the segment in 2012

Key Topics Covered:

1 Executive Summary

2 Introduction

3 Regional Market Dynamics

4 Non-Life Insurance Segment - Regional Benchmarking

5 Belgian Insurance Industry Attractiveness

6 Non-Life Insurance Outlook

7 Analysis by Distribution Channels

8 Porter's Five Forces Analysis - Belgian Non-Life Insurance Segment

9 Reinsurance Growth Dynamics and Challenges

10 Governance, Risk and Compliance

11 Competitive Landscape and Strategic Insights

12 Business Environment and Country Risk

13 Appendix

List of Tables

List of Figures

Companies Mentioned

- AG Insurance

- Allianz Belgium

- Axa Belgium

- Baloise

- Belfius

- CBC Assurance

- DKV Belgium

- Ethias

- P&V Assurance

- Vivium Assurance

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Research and Markets
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Sector: Insurance


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