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Number of life insurance companies in Belgium 2008-2017

Total number of life insurance companies in Belgium from 2008 to 2017

by Raynor de Best, last edited Mar 2, 2018
Number of life insurance companies in Belgium 2008-2017 This statistic shows the total number of life insurance companies in Belgium from 2008 to 2017. In 2017, there were 20 life insurance companies in Belgium. 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 number of life insurance companies in Belgium from 2008 to 2017

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