Key Market Indicators
Belgian Life Insurance Revenue is projected to climb to nearly €28.7 billion by 2028, up from approximately €27.6 billion in 2023. This represents an average annual growth rate of 0.6%. Since 2018, Belgium's life insurance market has experienced a 0.9% year-on-year increase. In 2023, the country secured the 7th spot in the European rankings, with Spain surpassing it with a life insurance revenue of about €27.6 billion. Denmark, Germany, and Italy claimed the second, third, and fourth positions respectively in the same ranking.
