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Number of life insurance companies in Belgium 2008-2019

In 2019 there were 16 life insurance companies in Belgium, down from 30 in 2008.

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 55 percent in 2016. 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.

Total number of life insurance companies in Belgium from 2008 to 2019

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Source

Release date

February 2020

Region

Belgium

Survey time period

2008 to 2019

Supplementary notes

Figures prior to 2010 have been taken from reports previously published by the source, available here.

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Statistics on "Life insurance in the Benelux"

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