Belgium Non-Life Insurance Market Summary, Competitive Analysis and Forecast to 2027
Summary
Non-Life Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value and volume 2017-22, and forecast to 2027). The profile also contains descriptions of the leading players including key financial metrics and analysis of competitive pressures within the market.
Key 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.
- The Belgian non-life insurance market had total gross written premiums of $25.5 million in 2022, representing a compound annual growth rate (CAGR) of 7.4% between 2017 and 2022.
- The motor segment accounted for market's the largest proportion in 2022, with total gross written premiums of $7.5 million, equivalent to 29.4% of the market's overall value.
- According to European Automobile Manufacturers’ Association (ACEA), the number of car registrations had increased to 29,778 units in November 2022 as compared to 24,134 units in November 2021.
- 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 by both value and volume
- What was the size of the Belgium non-life insurance market by value in 2022?
- What will be the size of the Belgium non-life insurance market in 2027?
- 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?
- How large is Belgium’s non-life insurance market in relation to its regional counterparts?
- 1 Executive Summary
- 1.1. Market value
- 1.2. Market value forecast
- 1.3. Category segmentation
- 1.4. Geography segmentation
- 1.5. Market share
- 1.6. Market rivalry
- 1.7. Competitive landscape
- 2 Market Overview
- 2.1. Market definition
- 2.2. Market analysis
- 3 Market Data
- 3.1. Market value
- 4 Market Segmentation
- 4.1. Category segmentation
- 4.2. Geography segmentation
- 5 Market Outlook
- 5.1. Market value forecast
- 6 Five Forces Analysis
- 6.1. Summary
- 6.2. Buyer power
- 6.3. Supplier power
- 6.4. New entrants
- 6.5. Threat of substitutes
- 6.6. Degree of rivalry
- 7 Competitive Landscape
- 7.1. Market share
- 7.2. Who are the leading players?
- 7.3. What strategies do leading players follow?
- 7.4. What are the strengths of leading players?
- 7.5. Has there been any significant M&A activity, partnership and new product development in recent years?
- 8 Company Profiles
- 8.1. AG Insurance SA/NV
- 8.2. Allianz SE
- 8.3. AXA SA
- 8.4. Allianz Trade
- 9 Macroeconomic Indicators
- 9.1. Country data
- 10 Appendix
- 10.1. Methodology
- 10.2. About MarketLine
- List of Tables
- Table 1: Belgium non-life insurance market value: $ billion, 2017-22(e)
- Table 2: Belgium non–life insurance market category segmentation: % share, by value, 2017–2022(e)
- Table 3: Belgium non-life insurance market category segmentation: $ billion, 2017-2022
- Table 4: Belgium non–life insurance market geography segmentation: $ billion, 2022(e)
- Table 5: Belgium non-life insurance market value forecast: $ billion, 2022-27
- Table 6: Belgium non-life insurance market share: % share, by value, 2022(e)
- Table 7: AG Insurance SA/NV: key facts
- Table 8: AG Insurance SA/NV: Key Employees
- Table 9: Allianz SE: key facts
- Table 10: Allianz SE: Annual Financial Ratios
- Table 11: Allianz SE: Key Employees
- Table 12: Allianz SE: Key Employees Continued
- Table 13: AXA SA: key facts
- Table 14: AXA SA: Annual Financial Ratios
- Table 15: AXA SA: Key Employees
- Table 16: AXA SA: Key Employees Continued
- Table 17: AXA SA: Key Employees Continued
- Table 18: Allianz Trade: key facts
- Table 19: Allianz Trade: Key Employees
- Table 20: Belgium size of population (million), 2018–22
- Table 21: Belgium gdp (constant 2005 prices, $ billion), 2018–22
- Table 22: Belgium gdp (current prices, $ billion), 2018–22
- Table 23: Belgium inflation, 2018–22
- Table 24: Belgium consumer price index (absolute), 2018–22
- Table 25: Belgium exchange rate, 2017–21
- List of Figures
- Figure 1: Belgium non-life insurance market value: $ billion, 2017-22(e)
- Figure 2: Belgium non-life insurance market category segmentation: $ billion, 2017-2022
- Figure 3: Belgium non–life insurance market geography segmentation: % share, by value, 2022(e)
- Figure 4: Belgium non-life insurance market value forecast: $ billion, 2022-27
- Figure 5: Forces driving competition in the non-life insurance market in Belgium, 2022
- Figure 6: Drivers of buyer power in the non-life insurance market in Belgium, 2022
- Figure 7: Drivers of supplier power in the non-life insurance market in Belgium, 2022
- Figure 8: Factors influencing the likelihood of new entrants in the non-life insurance market in Belgium, 2022
- Figure 9: Factors influencing the threat of substitutes in the non-life insurance market in Belgium, 2022
- Figure 10: Drivers of degree of rivalry in the non-life insurance market in Belgium, 2022
- Figure 11: Belgium non-life insurance market share: % share, by value, 2022(e)
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