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Value of commissions of domestic life insurance companies in Belgium 2006-2016

Total value of commissions of domestic life insurance companies in Belgium from 2006 to 2016 (in million euros)

Value of commissions of domestic life insurance companies in Belgium 2006-2016 This statistic shows the total value of commissions of domestic life insurance companies in Belgium from 2006 to 2016 (in million euros). In 2016, total commissions reached a value of approximately 25 million euros. The "life" branch of insurances focuses on life insurances, pensions and funeral in kind insurances and reached a market share of life insurance business in terms of gross premium, the ratio of gross life insurance premium to the total gross premium, of approximately 76 percent in Belgium in 2005. This, however, decreased to approximately 59 percent in 2015. This development coincides with the European Central Bank purchasing assets on credit markets across Europe and, consequently, low interest rates in long-term investments, such as the capital market rate of ten-year government bonds in Belgium. From 2008 onwards, the number of life insurance companies decreased steadily. In 2008, there were approximately 30 companies active on the domestic market with 20 companies by the end of 2017.
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Total value of commissions of domestic life insurance companies in Belgium from 2006 to 2016 (in million euros)

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This statistic shows the total value of commissions of domestic life insurance companies in Belgium from 2006 to 2016 (in million euros). In 2016, total commissions reached a value of approximately 25 million euros. The "life" branch of insurances focuses on life insurances, pensions and funeral in kind insurances and reached a market share of life insurance business in terms of gross premium, the ratio of gross life insurance premium to the total gross premium, of approximately 76 percent in Belgium in 2005. This, however, decreased to approximately 59 percent in 2015. This development coincides with the European Central Bank purchasing assets on credit markets across Europe and, consequently, low interest rates in long-term investments, such as the capital market rate of ten-year government bonds in Belgium. From 2008 onwards, the number of life insurance companies decreased steadily. In 2008, there were approximately 30 companies active on the domestic market with 20 companies by the end of 2017.
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