Life insurance market share in terms of gross premium in Belgium 2006-2018
The market share of life insurance business in terms of gross premium in Belgium grew by one percentage point between 2017 and 2018. The "life" branch of insurances focuses on life insurances, pensions and funeral in kind insurances. ERGO was the concern with the highest market share in Belgium in the private health insurance market in this period, with a share of approximately 32.5 percent. In Belgium, all employees and self-employed must register and make contributions to one of five free health insurance funds or mutualities (in Dutch: mutualiteit or ziekenfonds, in French: mutuelle): Christelijke Mutualiteiten; Socialistische Mutualiteiten; Liberale Mutualiteiten; Onafhankelijke Ziekenfondsen and Neutrale Ziekenfondsen. Within these mandatory health insurances, which are paid by social benefits and government subsidies, patients are free to choose their own medical professionals and places of treatment. To increase the cover for medical costs, however, Belgian residents are allowed to add private supplementary health insurances to their mutuality. In 2015, the average health insurance premium per capita in Belgium reached a value of approximately 146 euros per capita.
