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Synopsis
Timetric’s 'Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Belgian personal accident and health insurance segment.

It provides 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, 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 'Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Belgian personal accident and health insurance segment, including:

- The Belgian personal accident and health insurance segment’s growth prospects by insurance category

- Key trends, drivers and challenges for the personal accident and health insurance segment

- A comprehensive overview of the Belgian economy and demographics

- The various distribution channels in the Belgian personal accident and health insurance segment

- Details of the competitive landscape in the personal accident and health insurance segment in Belgium

- Details of regulatory policy applicable to the Belgian insurance industry

Scope
This report provides a comprehensive analysis of the personal accident and health insurance segment in Belgium:

- It provides historical values for the Belgian personal accident and health 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 personal accident and health insurance segment, and market forecasts to 2019.

- It profiles the top personal accident and health 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 personal accident and health insurance segment, and each category within it.

- Understand the demand-side dynamics, key market trends and growth opportunities in the Belgian personal accident and health insurance segment.

- Assess the competitive dynamics in the personal accident and health 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
- The Belgian Minister of Social Affairs and Public Health signed a pact with pharma.be and FeBelGen to offer improved access to medication for patients, foster innovation in the industry and provide a comprehensive new deontological framework.

- Brokers dominate the personal accident and health insurance segment’s distribution, as a result of the flexibility of choice they offer to customers, and their customized assistance.

- Favorable government reforms, such as the introduction of notional interest, are expected to attract more foreign investment into the country, and increase demand for insurance products.

Table Of Contents

Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Personal Accident and Health Insurance Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Travel insurance
4.4.3 Non-life health insurance
5 Analysis by Distribution Channel
6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Belgian Personal Accident and Health Insurance Segment
6.2.1 Ethias - company overview
6.2.2 Axa Belgium SA - company overview
6.2.3 AG Insurance - company overview
6.2.4 Baloise Insurance - company overview
6.2.5 CBC Assurances - company overview
6.2.6 Belfius (Belins) Insurance Belgium SA - company overview
6.2.7 ING Life Belgium - company overview
6.2.8 Allianz Belgium - company overview
7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance
7.4.2 Social insurance system
7.4.3 Air carrier and aircraft operators insurance
7.4.4 Professional indemnity insurance for alternative investment fund managers
7.4.5 Clinical trials liability insurance
7.4.6 Professional indemnity insurance for insurance intermediaries
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.5.3 Federation of European Risk Management Associations (FERMA)
7.5.4 National Bank of Belgium (NBB)
7.5.5 The Financial Services and Markets Authority (FSMA)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a domestic company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)
8 Definitions and Methodology
8.1 Definitions
8.2 Methodology
9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Belgian Personal Accident and Health Insurance - Key Facts, 2014
Table 2: Belgium Government Credit Ratings
Table 3: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
Table 4: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 5: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
Table 6: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 7: Belgian Personal Accident and Health Insurance - Net Earned Premium (EUR Billion), 2010-2014
Table 8: Belgian Personal Accident and Health Insurance - Net Earned Premium (EUR Billion), 2014-2019
Table 9: Belgian Personal Accident and Health Insurance - Paid Claims by Category (EUR Billion), 2010-2014
Table 10: Belgian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2010-2014
Table 11: Belgian Personal Accident and Health Insurance - Paid Claims by Category (EUR Billion), 2014-2019
Table 12: Belgian Personal Accident and Health Insurance - Paid Claims by Category (US$ Billion), 2014-2019
Table 13: Belgian Personal Accident and Health Insurance - Incurred Loss by Category (EUR Billion), 2010-2014
Table 14: Belgian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2010-2014
Table 15: Belgian Personal Accident and Health Insurance - Incurred Loss by Category (EUR Billion), 2014-2019
Table 16: Belgian Personal Accident and Health Insurance - Incurred Loss by Category (US$ Billion), 2014-2019
Table 17: Belgian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Table 18: Belgian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Table 19: Belgian Personal Accident and Health Insurance - Commission and Expenses (EUR Billion), 2010-2014
Table 20: Belgian Personal Accident and Health Insurance - Commission and Expenses (EUR Billion), 2014-2019
Table 21: Belgian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Table 22: Belgian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Table 23: Belgian Personal Accident and Health Insurance - Total Assets (EUR Billion), 2010-2014
Table 24: Belgian Personal Accident and Health Insurance - Total Assets (EUR Billion), 2014-2019
Table 25: Belgian Personal Accident and Health Insurance - Total Investment Income (EUR Billion), 2010-2014
Table 26: Belgian Personal Accident and Health Insurance - Total Investment Income (EUR Billion), 2014-2019
Table 27: Belgian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Table 28: Belgian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 29: Belgian Personal Accident Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 30: Belgian Personal Accident Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 31: Belgian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Table 32: Belgian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Table 33: Belgian Travel Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 34: Belgian Travel Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 35: Belgian Travel Insurance - Loss Ratio (%), 2010-2014
Table 36: Belgian Travel Insurance - Loss Ratio (%), 2014-2019
Table 37: Belgian Non-Life Health Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 38: Belgian Non-Life Health Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 39: Belgian Non-Life Health Insurance - Paid Claims (EUR Billion), 2010-2014
Table 40: Belgian Non-Life Health Insurance - Paid Claims (EUR Billion), 2014-2019
Table 41: Belgian Non-Life Health Insurance - Loss Ratio (%), 2010-2014
Table 42: Belgian Non-Life Health Insurance - Loss Ratio (%), 2014-2019
Table 43: Leading Belgian Personal Accident and Health Insurers, 2014
Table 44: Ethias, Key Facts
Table 45: Axa Belgium SA, Key Facts
Table 46: AG Insurance, Key Facts
Table 47: Baloise Insurance, Key Facts
Table 48: CBC Assurances, Key Facts
Table 49: Belfius Insurance Belgium SA, Key Facts
Table 50: ING Life Belgium, Key Facts
Table 51: Allianz Belgium, Key Facts
Table 52: Belgium - Insurance Regulatory Framework Key Features
Table 53: Belgium - Life Insurance Regulatory Framework
Table 54: Belgium - Property Insurance Regulatory Framework
Table 55: Belgium - Motor Insurance Regulatory Framework
Table 56: Belgium - Liability Insurance Regulatory Framework
Table 57: Belgium - Minimum Coverage for Aircraft Third-Party Liability per Accident and Aircraft
Table 58: Belgium - Insurance Premium Taxation 2016
Table 59: Belgium - Corporate Tax Rates for the Financial Year Ending 2016
Table 60: Insurance Industry Definitions

List of Figures
Figure 1: Belgium Real GDP, 2010-2019
Figure 2: Belgium Euro-US$ Exchange Rate, 2010-2019
Figure 3: Belgian Consumer Price Inflation, 2010-2019
Figure 4: Belgian Current Account Balance (% of GDP), 2010-2019
Figure 5: Belgian Unemployment Rate, 2010-2019
Figure 6: Belgian Population by Age Group, 2010-2025
Figure 7: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (EUR Billion), 2010-2019
Figure 8: Belgian Personal Accident and Health Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 9: Belgian Personal Accident and Health Insurance - Gross Written Premium Dynamics by Category, 2010-2019
Figure 10: Belgian Personal Accident and Health Insurance - Net Earned Premium (EUR Billion), 2010-2014
Figure 11: Belgian Personal Accident and Health Insurance - Net Earned Premium (EUR Billion), 2014-2019
Figure 12: Belgian Personal Accident and Health Insurance - Paid Claims by Category (EUR Billion), 2010-2019
Figure 13: Belgian Personal Accident and Health Insurance - Incurred Loss by Category (EUR Billion), 2010-2019
Figure 14: Belgian Personal Accident and Health Insurance - Loss Ratio (%), 2010-2014
Figure 15: Belgian Personal Accident and Health Insurance - Loss Ratio (%), 2014-2019
Figure 16: Belgian Personal Accident and Health Insurance - Commission and Expenses (EUR Billion), 2010-2014
Figure 17: Belgian Personal Accident and Health Insurance - Commission and Expenses (EUR Billion), 2014-2019
Figure 18: Belgian Personal Accident and Health Insurance - Combined Ratio (%), 2010-2014
Figure 19: Belgian Personal Accident and Health Insurance - Combined Ratio (%), 2014-2019
Figure 20: Belgian Personal Accident and Health Insurance - Total Assets (EUR Billion), 2010-2014
Figure 21: Belgian Personal Accident and Health Insurance - Total Assets (EUR Billion), 2014-2019
Figure 22: Belgian Personal Accident and Health Insurance - Total Investment Income (EUR Billion), 2010-2014
Figure 23: Belgian Personal Accident and Health Insurance - Total Investment Income (EUR Billion), 2014-2019
Figure 24: Belgian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
Figure 25: Belgian Personal Accident and Health Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Figure 26: Belgian Personal Accident and Health Insurance - Investment Portfolio (EUR Billion), 2010-2014
Figure 27: Belgian Personal Accident and Health Insurance - Investment Portfolio (% Share), 2010 and 2014
Figure 28: Belgian Personal Accident and Health Insurance - Penetration (%), 2010-2014
Figure 29: Belgian Personal Accident and Health Insurance - Direct Premium per Capita (EUR), 2010-2014
Figure 30: Belgian Personal Accident Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 31: Belgian Personal Accident Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 32: Belgian Personal Accident Insurance - Loss Ratio (%), 2010-2014
Figure 33: Belgian Personal Accident Insurance - Loss Ratio (%), 2014-2019
Figure 34: Belgian Travel Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 35: Belgian Travel Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 36: Belgian Travel Insurance - Loss Ratio (%), 2010-2014
Figure 37: Belgian Travel Insurance - Loss Ratio (%), 2014-2019
Figure 38: Belgian Non-Life Health Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 39: Belgian Non-Life Health Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 40: Belgian Non-Life Health Insurance - Paid Claims (EUR Billion), 2010-2014
Figure 41: Belgian Non-Life Health Insurance - Paid Claims (EUR Billion), 2014-2019
Figure 42: Belgian Non-Life Health Insurance - Loss Ratio (%), 2010-2014
Figure 43: Belgian Non-Life Health Insurance - Loss Ratio (%), 2014-2019
Figure 44: Belgium - The Three Pillars of Solvency II
Figure 45: Belgium - Insurance Supervision and Control at Various Levels
Figure 46: Belgium - Insurance Regulatory Frameworks for Company Registration and Operation

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