Market share of leading insurance companies in Belgium 2015-2017
Market share of the 15 leading insurance companies in Belgium from 2015 to 2017
The statistic illustrates the market share of the fifteen leading insurance companies from 2015 to 2017. AG Insurance held the largest market share in 2017, with a share of approximately 21 percent in the total Belgian insurance market. The second and third largest market share was held by respectively AXA with a 12.5 percent market share and KBC with 9.4 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.
Market share of the 15 leading insurance companies in Belgium from 2015 to 2017
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| 2015 | 2016 | 2017 | |
|---|---|---|---|
| AG Insurance | 20.8% | 22.4% | 21% |
| AXA | 14.2% | 12.5% | 12.5% |
| KBC | 8.7% | 10.1% | 9.4% |
| Ethias | 9% | 9% | 9.1% |
| Belfius | 6.1% | 5.6% | 6.4% |
| P&V | 5.9% | 5.9% | 6% |
| Allianz | 5.4% | 4.5% | 5.5% |
| Baloise | 4.8% | 5.1% | 5% |
| NN | 1.9% | 4.7% | 4.4% |
| ERGO - DKV - DAS | 4% | 4% | 3.8% |
| Argenta | 3.1% | 2.2% | 2.7% |
| Generali | 2.3% | 2.8% | 2.6% |
| Federale | 1.2% | 1.4% | 1.4% |
| Fidea | 0.9% | 0.9% | 1.1% |
| Foyer | - | - | 0.7% |
| Integrale | - | 0.8% | - |
| Delta Lloyd | 3.3% | - | - |
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