The Kenyan insurance industry grew at a CAGR of 20.3% during the review period. This growth was achieved due to various factors, such as the expansion of the distribution network and premium growth. The personal accident and health insurance segment registered a CAGR of 28.8% during the review period (2009-2013). Health insurance was one of the fastest growing categories within the segment, and accounted for 86.3% of the total personal accident and health segment’s share in 2013. Approval of the two newly licensed medical insurance underwriters in 2012 supported the growth of the health insurance category, at a CAGR of 41.2% during 2010-2013. To get details: http://www.reportscue.com/life-insurance-in-belgium-key-trends-and-opportunities-to-2018-market

1. Life Insurance in Belgium, Key Trends and
Opportunities to 2018
Market Research Report
©reportscue

2. Synopsis:
The report provides in-depth market analysis, information and insights into the Belgian life
insurance segment, including:
• The Belgian life insurance segment’s growth prospects by life insurance category
• Key trends and drivers for the life insurance segment
• The various distribution channels in the Belgian life insurance segment
• The detailed competitive landscape in the life insurance segment in Belgium
• Detailed regulatory policies of the Belgian insurance industry
• Analysis of various consumer segments in Belgian life insurance
• Key developments in the Belgian life insurance segment
• New products launched by Belgian life insurers

3. Report Overview:
The Belgian life segment accounted for the largest proportion of gross written premium in
the country’s insurance industry, with a share of 65.3% in 2013, after registering a CAGR of
3.6% during the review period (2009-2013). The slow growth was attributed to the sovereign
debt crisis, which led to a rise in unemployment and a reduction in wages. It was further
discouraged by political instability and a credit rating downgrade by Standard & Poor’s and
Moody’s.
Life insurance products linked to the stock market - such as unit-linked and pension
insurance products - registered growth during the review period. These categories declined
sharply in 2008 and 2009 due to the economic crisis, but recovered in 2010 and 2012, which
attracted consumers to individual unit-linked products, increasing their demand.
High life expectancy supported the life segment and sustained its growth during the review
period. This is also anticipated to benefit the segment over the forecast period, specifically
endowment, term, pension and retirement products.

4. Scope :
This report provides a comprehensive analysis of the life insurance segment in Belgium:
• It provides historical values for the Belgian life insurance segment for the report’s 2009-
2013 review period, and projected figures for the 2013-2018 forecast period.
• It offers a detailed analysis of the key categories in the Belgian life insurance segment,
along with market forecasts until 2018.
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss
ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total
investment income and retentions.
• It analyzes the various distribution channels for life insurance products in Belgium.
• It profiles the top life insurance companies in Belgium and outlines the key regulations
affecting them.

5. Key Highlights :
• The life segment is highly concentrated, with the 10 leading companies accounting for 84.2%
of the segment’s total gross written premium in 2013.
• The Belgian life segment accounted for the largest proportion of gross written premium in the
country’s insurance industry, with a share of 65.3% in 2013.
• Life insurance sales are dominated by the bancassurance channel, particularly investment-
linked policies.
• The implementation of Solvency II will ensure a more accurate allocation of capital to risk,
but is expected to pose major challenges for all EU life insurers and will force smaller
companies to merge with large multinationals.
• A growth in life expectancy, relaxed FDI norms and the performance of the Belgian stock
market encouraged life insurers to focus on class 23 (ULIP) life insurance products.

6. Table of Contents:
1 Key Facts and Events
2 Executive Summary
3 Introduction
4 Belgian Insurance Industry Attractiveness
5 Life Insurance Outlook
6 Analysis by Distribution Channel
7 Governance, Risk and Compliance
8 Competitive Landscape and Strategic Insights
9 Appendix – 1
10 Appendix - 2

7. Reason To Buy :
• Make strategic business decisions using in-depth historic and forecast market data related
to the Belgian life insurance segment and each category within it.
• Understand the demand-side dynamics, key market trends and growth opportunities in the
Belgian life insurance segment.
• Assess the competitive dynamics in the life insurance segment.
• Identify the 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.
To Get Details: http://www.reportscue.com/life-insurance-in-belgium-key-trends-and-
opportunities-to-2018-market