Insurance in Belgium
Published: November 2012 · Publisher: MarketLine
Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016).
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Introduction
Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Belgian insurance market had total gross written premiums of $41.1 billion in 2011, representing a compound annual rate of change (CARC) of -2.6% between 2007 and 2011.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $25.9 billion, equivalent to 63.2% of the market's overall value.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $43.9 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Belgium
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Belgium
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Belgium 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 insurance market by value in 2011?
What will be the size of the Belgium insurance market in 2016?
What factors are affecting the strength of competition in the Belgium insurance market?
How has the market performed over the last five years?
Insurance in Belgium industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). 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 insurance market. Includes market size data, textual and graphical analysis of market growth trends, leading companies and macroeconomic information.
Highlights
*The insurance market consists of the non-life insurance sector and the life insurance sector. The value of the market is shown in terms of gross premium incomes. The life insurance sector consists of mortality protection and annuity. The non-life insurance sector consists of accident and health, and property and casualty insurance segments. 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 intended as a rough guide to the direction in which the market is likely to move. This forecast is based on a correlation between past market growth and growth of base drivers, such as house price growth, GDP growth and long-term interest rates. All currency conversions have been calculated at constant annual 2011 average exchange rates.
*The Belgian insurance market had total gross written premiums of $41.1 billion in 2011, representing a compound annual rate of change (CARC) of -2.6% between 2007 and 2011.
*The life insurance segment was the market's most lucrative in 211, with total gross written premiums of $25.9 billion, equivalent to 63.2% of the market's overall value.
*The performance of the market is forecast to accelerate, with an anticipated CAGR of 1.3% for the five-year period 2011 - 2016, which is expected to drive the market to a value of $43.9 billion by the end of 2016.
Features
Save time carrying out entry-level research by identifying the size, growth, and leading players in the insurance market in Belgium
Use the Five Forces analysis to determine the competitive intensity and therefore attractiveness of the insurance market in Belgium
Leading company profiles reveal details of key insurance market players’ global operations and financial performance
Add weight to presentations and pitches by understanding the future growth prospects of the Belgium 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 insurance market by value in 2011?
What will be the size of the Belgium insurance market in 2016?
What factors are affecting the strength of competition in the Belgium insurance market?
How has the market performed over the last five years?
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TABLE OF CONTENTS
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 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 Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
AG Insurance S.A. 18
AXA 19
Belfius Bank & Insurance 23
KBC Group NV 24
Macroeconomic Indicators 27
Country Data 27
Appendix 29
Methodology 29
Industry associations 30
Related research 30
LIST OF TABLES
Table 1: Belgium insurance market value: $ billion, 2007–11 8
Table 2: Belgium insurance market category segmentation: $ billion, 2011 9
Table 3: Belgium insurance market geography segmentation: $ billion, 2011 10
Table 4: Belgium insurance market value forecast: $ billion, 2011–16 11
Table 5: AG Insurance S.A.: key facts 18
Table 6: AXA: key facts 19
Table 7: AXA: key financials ($) 20
Table 8: AXA: key financials (€) 20
Table 9: AXA: key financial ratios 21
Table 10: Belfius Bank & Insurance: key facts 23
Table 11: KBC Group NV: key facts 24
Table 12: KBC Group NV: key financials ($) 25
Table 13: KBC Group NV: key financials (€) 25
Table 14: KBC Group NV: key financial ratios 25
Table 15: Belgium size of population (million), 2007–11 27
Table 16: Belgium gdp (constant 2000 prices, $ billion), 2007–11 27
Table 17: Belgium gdp (current prices, $ billion), 2007–11 27
Table 18: Belgium inflation, 2007–11 28
Table 19: Belgium consumer price index (absolute), 2007–11 28
Table 20: Belgium exchange rate, 2007–11 28
LIST OF FIGURES
Figure 1: Belgium insurance market value: $ billion, 2007–11 8
Figure 2: Belgium insurance market category segmentation: % share, by value, 2011 9
Figure 3: Belgium insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Belgium insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Belgium, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Belgium, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Belgium, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Belgium, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Belgium, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Belgium, 2011 17
Figure 11: AXA: revenues & profitability 21
Figure 12: AXA: assets & liabilities 22
Figure 13: KBC Group NV: revenues & profitability 26
Figure 14: KBC Group NV: assets & liabilities 26
Executive Summary 2
Market value 2
Market value forecast 2
Category segmentation 2
Geography segmentation 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 Outlook 11
Market value forecast 11
Five Forces Analysis 12
Summary 12
Buyer power 13
Supplier power 14
New entrants 15
Threat of substitutes 16
Degree of rivalry 17
Leading Companies 18
AG Insurance S.A. 18
AXA 19
Belfius Bank & Insurance 23
KBC Group NV 24
Macroeconomic Indicators 27
Country Data 27
Appendix 29
Methodology 29
Industry associations 30
Related research 30
LIST OF TABLES
Table 1: Belgium insurance market value: $ billion, 2007–11 8
Table 2: Belgium insurance market category segmentation: $ billion, 2011 9
Table 3: Belgium insurance market geography segmentation: $ billion, 2011 10
Table 4: Belgium insurance market value forecast: $ billion, 2011–16 11
Table 5: AG Insurance S.A.: key facts 18
Table 6: AXA: key facts 19
Table 7: AXA: key financials ($) 20
Table 8: AXA: key financials (€) 20
Table 9: AXA: key financial ratios 21
Table 10: Belfius Bank & Insurance: key facts 23
Table 11: KBC Group NV: key facts 24
Table 12: KBC Group NV: key financials ($) 25
Table 13: KBC Group NV: key financials (€) 25
Table 14: KBC Group NV: key financial ratios 25
Table 15: Belgium size of population (million), 2007–11 27
Table 16: Belgium gdp (constant 2000 prices, $ billion), 2007–11 27
Table 17: Belgium gdp (current prices, $ billion), 2007–11 27
Table 18: Belgium inflation, 2007–11 28
Table 19: Belgium consumer price index (absolute), 2007–11 28
Table 20: Belgium exchange rate, 2007–11 28
LIST OF FIGURES
Figure 1: Belgium insurance market value: $ billion, 2007–11 8
Figure 2: Belgium insurance market category segmentation: % share, by value, 2011 9
Figure 3: Belgium insurance market geography segmentation: % share, by value, 2011 10
Figure 4: Belgium insurance market value forecast: $ billion, 2011–16 11
Figure 5: Forces driving competition in the insurance market in Belgium, 2011 12
Figure 6: Drivers of buyer power in the insurance market in Belgium, 2011 13
Figure 7: Drivers of supplier power in the insurance market in Belgium, 2011 14
Figure 8: Factors influencing the likelihood of new entrants in the insurance market in Belgium, 2011 15
Figure 9: Factors influencing the threat of substitutes in the insurance market in Belgium, 2011 16
Figure 10: Drivers of degree of rivalry in the insurance market in Belgium, 2011 17
Figure 11: AXA: revenues & profitability 21
Figure 12: AXA: assets & liabilities 22
Figure 13: KBC Group NV: revenues & profitability 26
Figure 14: KBC Group NV: assets & liabilities 26
Copyright © FriedlNet. You may share using our tools Please don't cut content from FriedlNet and redistribute by email or post to the web.