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Non-Life Insurance in Belgium

  • February 2015
  • -
  • MarketLine
  • -
  • 36 pages

Introduction

Non-Life Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2010-14, and forecast to 2019). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market. Essential resource for top-line data and analysis covering the Belgium non-life insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights

*The non-life insurance market consists of the general insurance market segmented into motor, property, liability and other insurance. The other segment is made up of non-life insurance products including health, travel, and accident cover among others. The value of the non-life insurance market is shown in terms of gross premium incomes. Gross premium income is defined as the insurer’s premium income for the year from its policies, calculated without reduction for reinsurance premiums paid or payable by the insurer. Any currency conversions used in the report have been calculated using constant 2013 annual average exchange rates.

*The Belgian non-life insurance market is expected to generate total gross written premiums of $16.8bn in 2014, representing a compound annual growth rate (CAGR) of 4.7% between 2010 and 2014.

*The motor segment is expected to be the market's most lucrative in 2014, with total gross written premiums of $6.3bn, equivalent to 37.5% of the market's overall value.

*The performance of the market is forecast to decelerate, with an anticipated CAGR of 2.1% for the five-year period 2014 - 2019, which is expected to drive the market to a value of $18.7bn by the end of 2019.

Features

Save time carrying out entry-level research by identifying the size, growth, and leading players in the non-life insurance market in Belgium

Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the non-life insurance market in Belgium

Leading company profiles reveal details of key non-life insurance market players’ global operations and financial performance

Add weight to presentations and pitches by understanding the future growth prospects of the Belgium non-life insurance market with five year forecasts

Macroeconomic indicators provide insight into general trends within the Belgium economy

Key Questions Answered

What was the size of the Belgium non-life insurance market by value in 2014?

What will be the size of the Belgium non-life insurance market in 2019?

What factors are affecting the strength of competition in the Belgium non-life insurance market?

How has the market performed over the last five years?

Table Of Contents

Non-Life Insurance in Belgium
TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 2
Market share 2
Market rivalry 2
Market Overview 7
Market definition 7
Market analysis 7
Market Data 8
Market value 8
Market Segmentation 9
Category segmentation 9
Geography segmentation 10
Market share 11
Market Outlook 12
Market value forecast 12
Five Forces Analysis 13
Summary 13
Buyer power 14
Supplier power 15
New entrants 16
Threat of substitutes 17
Degree of rivalry 18
Leading Companies 19
Ageas SA/NV 19
AXA 23
Ethias S.A. 27
KBC Group NV 28
Macroeconomic Indicators 31
Country Data 31
Methodology 33
Industry associations 34
Related MarketLine research 34
Appendix 35
About MarketLine 35

LIST OF TABLES
Table 1: Belgium non-life insurance market value: $ million, 2010-14(e) 8
Table 2: Belgium non-life insurance market category segmentation: $ million, 2014(e) 9
Table 3: Belgium non-life insurance market geography segmentation: $ million, 2014(e) 10
Table 4: Belgium non-life insurance market share: % share, by value, 2014(e) 11
Table 5: Belgium non-life insurance market value forecast: $ million, 2014-19 12
Table 6: Ageas SA/NV: key facts 19
Table 7: Ageas SA/NV: key financials ($) 20
Table 8: Ageas SA/NV: key financials (€) 20
Table 9: Ageas SA/NV: key financial ratios 21
Table 10: AXA: key facts 23
Table 11: AXA: key financials ($) 24
Table 12: AXA: key financials (€) 25
Table 13: AXA: key financial ratios 25
Table 14: Ethias S.A.: key facts 27
Table 15: KBC Group NV: key facts 28
Table 16: KBC Group NV: key financials ($) 29
Table 17: KBC Group NV: key financials (€) 29
Table 18: KBC Group NV: key financial ratios 29
Table 19: Belgium size of population (million), 2010-14 31
Table 20: Belgium gdp (constant 2005 prices, $ billion), 2010-14 31
Table 21: Belgium gdp (current prices, $ billion), 2010-14 31
Table 22: Belgium inflation, 2010-14 32
Table 23: Belgium consumer price index (absolute), 2010-14 32
Table 24: Belgium exchange rate, 2010-14 32

LIST OF FIGURES
Figure 1: Belgium non-life insurance market value: $ million, 2010-14(e) 8
Figure 2: Belgium non-life insurance market category segmentation: % share, by value, 2014(e) 9
Figure 3: Belgium non-life insurance market geography segmentation: % share, by value, 2014(e) 10
Figure 4: Belgium non-life insurance market share: % share, by value, 2014(e) 11
Figure 5: Belgium non-life insurance market value forecast: $ million, 2014-19 12
Figure 6: Forces driving competition in the non-life insurance market in Belgium, 2014 13
Figure 7: Drivers of buyer power in the non-life insurance market in Belgium, 2014 14
Figure 8: Drivers of supplier power in the non-life insurance market in Belgium, 2014 15
Figure 9: Factors influencing the likelihood of new entrants in the non-life insurance market in Belgium, 2014 16
Figure 10: Factors influencing the threat of substitutes in the non-life insurance market in Belgium, 2014 17
Figure 11: Drivers of degree of rivalry in the non-life insurance market in Belgium, 2014 18
Figure 12: Ageas SA/NV: revenues and profitability 21
Figure 13: Ageas SA/NV: assets and liabilities 22
Figure 14: AXA: revenues and profitability 25
Figure 15: AXA: assets and liabilities 26
Figure 16: KBC Group NV: revenues and profitability 30
Figure 17: KBC Group NV: assets and liabilities 30


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