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Axco's insurance market report provides expert analysis, market insight, company performance data and market statistics for the Belgian non-life (property and casualty) market. The detailed report is produced following a visit to the country and interviews with industry professionals working in Belgium's insurance sector. Systematic updates are published throughout the cycle, to the latest developments in the Belgian non-life (P&C) market as well as trends by line of business. Axco analysts also report on Belgium's economic factors, the local political situation, and sections on climate, operational, and security risks. The report is suitable for insurers, reinsurance companies, brokers and insurance buyers.
The report describes Belgian insurance regulations and requirements, including vital compliance requirements such as if non admitted insurance is permitted in Belgium, what are the local rules on licensing and detailing any relevant taxes and charges for the insurer and the insured.
View detailed analysis of local lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers' liability and liability. The report lists the insurance companies operating in Belgium, their market share and investigates how much premium is written through the sector’s different distribution channels.
Statistics include five years of non-life (P&C) market performance indicators, including gross written premiums, premium growth, penetration, profitability ratios, and premium by line of business. Company statistics show who are the leading non-life insurance companies in Belgium with local company premiums, market share and year on year growth, expense ratios and retentions by line of business.
Belgium is a relatively small country geographically with a small population but it had the 18th largest non-life insurance market in 2019, the 28th largest PA and healthcare market and the 21st largest insurance market overall. This reflects the high non-life insurance penetration at 2.03% of GDP, which is ahead of Germany and not far behind Switzerland. It has a very competitive insurance sector with a significant number of players and the requisite support system of ....
This is a brief extract of information; more updated information may be available in the latest published report.