Market share of leading insurance companies in Belgium 2015-2017

AG Insurance was the largest insurance company in Belgium in 2017, reaching a market share of approximately 21 percent of the total Belgian insurance market. AXA and KBC reached market share of 12.5 percent and 9.4 percent respectively. When it comes to health insurance, however, the market shares change. ERGO was the concern with the highest market share in Belgium’s private health insurance market in this period.

What is the insurance market size in Belgium?

In 2018, there were 111 insurance companies in Belgium. The biggest insurance branch in Belgium is the "life" branch, which focuses on life insurances, pensions and funeral in kind insurances. This is based on the so-called life insurance market share in terms of gross premium, a ratio which measures whether consumers spend more on life insurance or on non-life insurance. This ratio was approximately 76 percent in Belgium in 2005. This, however, decreased to approximately 54 percent in 2017.

How does health insurance work in Belgium?

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). These funds are paid by social benefits and government subsidies, with patients free to choose their own medical professionals and places of treatment. To increase the cover for medical costs, however, Belgian residents can add private supplementary health insurances to their mutuality. For these reasons, Belgium writes less direct premiums for health insurance than the Netherlands (where the contents of basic health insurance are decided by the government but provided and partially funded by private health insurance companies).
Welcome to Statista!

We are the global leading platform for business data from 600 industries and 50 countries.

Our 700 employees believe that facts cause big changes and promote brilliant ideas. We want to offer you the best basis for fast and effective decisions: Learn more.
Market share of the 15 leading insurance companies in Belgium from 2015 to 2017
AG Insurance20.8%22.4%21%
ERGO - DKV - DAS4%4%3.8%
Delta Lloyd3.3%--
Loading statistic...
You need to log in to download this statistic
Register for free
Already a member?
Log in
Statista Accounts: Access All Statistics. Starting from $588 / Year
Basic Account
Get to know the platform

You only have access to basic statistics.
This statistic is not included in your account!

Premium Account
Your perfect start with Statista
  • Instant access to 1m statistics
  • Download in XLS, PDF & PNG format
  • Detailed references

$49 / Month *

Corporate Account
Full access

Corporate solution including all features.

* All products require an annual contract.
   Prices do not include sales tax.
Leading companies trust Statista:
Related Studies: Available to Download in PDF or PPTX Format
Insurance industry in the Benelux
Insurance industry in the Benelux

All Information
in one Presentation

Insurance industry in the Benelux

Everything On "Insurance industry in the Benelux" in One Document: Edited and Divided into Handy Chapters. Including Detailed References.

Other Reports & Dossiers
Statista is a great source of knowledge, and pretty helpful to manage the daily work.
Christof Baron

Christof Baron
CEO, MindShare Germany

Statistics on "Insurance in Belgium"
  • Market overview
The most important statistics
  • Life Insurance
  • Public Health Insurance: Belgium's mutualities
  • Casualty & Property Insurance (private health, property, car)
  • Social Insurance
Discover Statista
Need help with using Statista for your research? Tutorials and first steps
Further Content: Statistics, Studies, and Topic Pages
Do you have any questions about our business solutions?

We provide you with detailed information about our Corporate Account.

Statista Accounts: Access All Statistics. Starting from $588 / Year
Learn more about how Statista can support your business.