Average technical provisions of life insurance companies in Belgium 2008-2018

The statistic shows the average technical provisions of life insurance companies in Belgium from 2008 to 2018 (in million euros). As of 2018, the average technical provisions amounted to approximately 208.7 billion euros, the highest amount in the 2008 to 2018 period. Since 2008, the annual average technical provisions of life insurance companies has consistently grown 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): 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.

In 2015, the average health insurance premium per capita in Belgium reached a value of approximately 133 euros per capita. This is lower than the European average and the premium per capita in the Netherlands, where health insurances are paid outside one's gross salary.

Average technical provisions of life insurance companies in Belgium from 2008 to 2018

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Source

Release date

October 2019

Region

Belgium, Europe

Survey time period

2008 to 2018

Special properties

The figures have been taken from several publications.

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