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Life Insurance in Belgium

  • January 2014
  • -
  • MarketLine
  • -
  • 32 pages

Introduction


Life Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value 2008-12, and forecast to 2017). 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 life insurance market. Includes market size and segmentation data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.

Highlights


*The value of the life insurance market is shown in terms of gross premium incomes from mortality protection and retirement savings plans. All currency conversions have been calculated using constant 2012 annual average exchange rates. The insurance market depends on a variety of economic and non-economic factors and future performance is difficult to predict. The forecast given in this report is not based on a complex economic model, but is intended as a rough guide to the direction in which the market is likely to move.

*The Belgian life insurance market had total gross written premiums of $26.6bn in 2012, representing a CAGR of 1.1% between 2008 and 2012.

*The Life insurance segment was the market's most lucrative in 2012, with total gross written premiums of $19.9bn, equivalent to 75% of the market's overall value.

*The performance of the market is forecast to accelerate, with an anticipated CAGR of 3.9% for the five-year period 2012 - 2017, which is expected to drive the market to a value of $32.1bn by the end of 2017.

Features


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

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

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

Add weight to presentations and pitches by understanding the future growth prospects of the Belgium 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 life insurance market by value in 2012?

What will be the size of the Belgium life insurance market in 2017?

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

How has the market performed over the last five years?

Who are the top competitiors in Belgium's life insurance market?

Table Of Contents

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
AG Insurance SA 19
AXA 20
Belfius Bank and Insurance 24
KBC Group NV 25
Macroeconomic Indicators 28
Country Data 28
Appendix 30
Methodology 30
Industry associations 31
Related MarketLine research 31

LIST OF TABLES

Table 1: Belgium life insurance market value: $ billion, 2008-12 8
Table 2: Belgium life insurance market category segmentation: $ billion, 2012 9
Table 3: Belgium life insurance market geography segmentation: $ billion, 2012 10
Table 4: Belgium life insurance market share: % share, by value, 2012 11
Table 5: Belgium life insurance market value forecast: $ billion, 2012-17 12
Table 6: AG Insurance SA: key facts 19
Table 7: AXA: key facts 20
Table 8: AXA: key financials ($) 21
Table 9: AXA: key financials (€) 22
Table 10: AXA: key financial ratios 22
Table 11: Belfius Bank and Insurance: key facts 24
Table 12: KBC Group NV: key facts 25
Table 13: KBC Group NV: key financials ($) 26
Table 14: KBC Group NV: key financials (€) 26
Table 15: KBC Group NV: key financial ratios 26
Table 16: Belgium size of population (million), 2008-12 28
Table 17: Belgium gdp (constant 2000 prices, $ billion), 2008-12 28
Table 18: Belgium gdp (current prices, $ billion), 2008-12 28
Table 19: Belgium inflation, 2008-12 29
Table 20: Belgium consumer price index (absolute), 2008-12 29
Table 21: Belgium exchange rate, 2008-12 29

LIST OF FIGURES

Figure 1: Belgium life insurance market value: $ billion, 2008-12 8
Figure 2: Belgium life insurance market category segmentation: % share, by value, 2012 9
Figure 3: Belgium life insurance market geography segmentation: % share, by value, 2012 10
Figure 4: Belgium life insurance market share: % share, by value, 2012 11
Figure 5: Belgium life insurance market value forecast: $ billion, 2012-17 12
Figure 6: Forces driving competition in the life insurance market in Belgium, 2012 13
Figure 7: Drivers of buyer power in the life insurance market in Belgium, 2012 14
Figure 8: Drivers of supplier power in the life insurance market in Belgium, 2012 15
Figure 9: Factors influencing the likelihood of new entrants in the life insurance market in Belgium, 2012 16
Figure 10: Factors influencing the threat of substitutes in the life insurance market in Belgium, 2012 17
Figure 11: Drivers of degree of rivalry in the life insurance market in Belgium, 2012 18
Figure 12: AXA: revenues and profitability 22
Figure 13: AXA: assets and liabilities 23
Figure 14: KBC Group NV: revenues and profitability 27
Figure 15: KBC Group NV: assets and liabilities 27

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