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Life Insurance in Belgium, Key Trends and Opportunities to 2018
The 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 and drivers for the life insurance segment
The various distribution channels in the Belgian life insurance segment
The detailed competitive landscape in the life insurance segment in Belgium
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Detailed regulatory policies of the Belgian insurance industry
Analysis of various consumer segments in Belgian life insurance
Key developments in the Belgian life insurance segment
New products launched by Belgian life insurers
The Belgian life segment accounted for the largest proportion of gross written premium in the country’s insurance industry, with a share of 65.3% in 2013, after registering a CAGR of 3.6% during the review period (2009–2013). The slow growth was attributed to the sovereign debt crisis, which led to a rise in unemployment and a reduction in wages. It was further discouraged by political instability and a credit rating downgrade by Standard & Poor’s and Moody’s.
Life insurance products linked to the stock market – such as unit-linked and pension insurance products – registered growth during the review period. These categories declined sharply in 2008 and 2009 due to the economic crisis, but recovered in 2010 and 2012, which attracted consumers to individual unit-linked products, increasing their demand.
This report provides a comprehensive analysis of the life insurance segment in Belgium:...