Reinsurance in Belgium, Key Trends and Opportunities to 2018

Published: Dec, 2014 | Pages: 77 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)


Synopsis

The report provides in-depth market analysis, information and insights into the Belgian reinsurance segment, including:

 The Belgian reinsurance segment's growth prospects by reinsurance category

 Key trends and drivers for the reinsurance segment 

 The Belgian reinsurance segment's growth prospects by reinsurance ceded from direct insurance

 The competitive landscape in the Belgian reinsurance segment

Summary

The gross written premium of the Belgian reinsurance segment increased at a CAGR of 1.9% during the review period (2009-2013). The global financial crisis in 2009 and rising sovereign debt in the country and other EU member states kept growth subdued. 
Solvency II legislation is a fundamental reform of capital adequacy requirements and risk management, and is expected to be a framework for insurance regulation worldwide. It is currently scheduled for implementation by EU member states, including Belgium, in January 2016. The directive is projected to lead to higher capital requirements, forcing firms to seek help from reinsurers. Such initiatives are expected to drive growth in the Belgian reinsurance segment over the forecast period (2013-2018).

Scope

This report provides a comprehensive analysis of the reinsurance segment in Belgium:

 It provides historical values for Belgium's reinsurance segment for the report's 2009-2013 review period, and projected figures for the 2013-2018 forecast period.

 It offers a detailed analysis of the key categories in Belgium's reinsurance segment, along with market forecasts until 2018.

 It provides a detailed analysis of the reinsurance ceded from various direct insurance segments in Belgium, and growth prospects.

Reason To Buy

 Make strategic business decisions using in-depth historic and forecast market data related to the Belgian reinsurance segment and each sector within it

 Understand the demand-side dynamics, key market trends and growth opportunities in the Belgian reinsurance segment

 Identify the growth opportunities and market dynamics in key product categories

 Gain insights into key regulations governing the Belgian insurance industry, and their impact on companies and the industry's future

Key Highlights

 Reinsurance in Belgium grew during the review period: its written premium increased in 2013, at a review-period CAGR of 1.9% . 

 The treaty reinsurance category accounted for 75.4% of the reinsurance premium in 2013, while the facultative reinsurance category accounted for the remaining 24.6%.

 The Belgian reinsurance segment is small compared to other EU member states. It is also highly competitive, and contains a number of leading multinational reinsurers. 

  In 2011, the European court of justice ruled that premiums and benefits should be the same for both men and women, in line with Belgian anti-discrimination law.

 Belgian non-life insurers ceded the highest level to reinsurance of the three main primary insurance segments in 2013.

 The Reinsurance Act 2009, implemented in Belgium in February 2009, stipulates minimum guarantee capital, change of ownership and solvency margins for reinsurers operating in the country, with the aim of achieving financial soundness.

 
Table of Contents
1 Key Facts and Events
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Belgian Insurance Industry Attractiveness
4.1 Insurance Industry Size, 2009-2018
5 Reinsurance Growth Dynamics and Challenges
5.1 Reinsurance Segment Size, 2009-2018
5.2 Reinsurance Segment Size by Premium Ceded, 2009-2018
6 Key Trends and Drivers
6.1 Fundamental Business Drivers
6.2 Life Insurance Drivers
6.3 Non-Life Insurance Drivers
6.4 Personal Accident and Health Insurance Drivers
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Belgian Reinsurance Segment
7.3 Secura Re NV - Company Overview
7.3.1 Secura Re NV - key facts
7.3.2 Secura Re NV - key financials
8 Appendix - 1
8.1 Business Confidence
8.1.1 Market capitalization trend - Brussels Stock Exchange, Belgium
8.2 Economic Performance
8.2.1 GDP at constant prices (US$)
8.2.2 GDP per capita at constant prices (US$)
8.2.3 GDP at current prices (US$)
8.2.4 GDP per capita at current prices (US$)
8.2.5 GDP by key sector
8.2.6 Agriculture net output at current prices (US$)
8.2.7 Agriculture net output at current prices as a percentage of GDP
8.2.8 Manufacturing net output at current prices (US$)
8.2.9 Manufacturing net output at current prices as a percentage of GDP
8.2.10 Mining, manufacturing and utilities at current prices (US$)
8.2.11 Mining, manufacturing and utilities at current prices, as percentage of GDP
8.2.12 Construction net output at current prices (US$)
8.2.13 Construction net output at current prices as a percentage of GDP
8.2.14 Inflation rate
8.2.15 Exports as a percentage of GDP
8.2.16 Imports as a percentage of GDP
8.2.17 Merchandise exports growth
8.2.18 Merchandise imports growth
8.2.19 Annual average exchange rate EUR-US$
8.3 Infrastructure
8.3.1 Commercial vehicle exports - total value
8.3.2 Commercial vehicle imports - total value
8.3.3 Automotive exports - total value
8.3.4 Automotive imports - total value
8.3.5 Total internet subscribers
8.4 Labor Force
8.4.1 Labor force
8.4.2 Unemployment rate
8.5 Demographics
8.5.1 Gross national disposable income (US$)
8.5.2 Household consumption expenditure (US$)
8.5.3 Total population
8.5.4 Urban and rural populations
8.5.5 Age distribution of the total population
8.5.6 Life expectancy
9 Appendix - 2
9.1 Methodology
9.2 Contact Timetric
9.3 About Timetric
9.4 Timetric's Services
9.5 Disclaimer


List of Tables
Table 1: Belgian Reinsurance - Key Facts, 2013
Table 2: Insurance Industry Definitions
Table 3: Belgian Insurance - Gross Written Premium by Segment (EUR Billion), 2009-2013
Table 4: Belgian Insurance - Gross Written Premium by Segment (US$ Billion), 2009-2013
Table 5: Belgian Insurance - Gross Written Premium by Segment (EUR Billion), 2013-2018
Table 6: Belgian Insurance - Gross Written Premium by Segment (US$ Billion), 2013-2018
Table 7: Belgian Insurance - Segmentation, Gross Written Premium (Percentage Share), 2009-2018
Table 8: Belgian Insurance - Direct Written Premium by Segment (EUR Billion), 2009-2013
Table 9: Belgian Insurance - Direct Written Premium by Segment (US$ Billion), 2009-2013
Table 10: Belgian Insurance - Direct Written Premium by Segment (EUR Billion), 2013-2018
Table 11: Belgian Insurance - Direct Written Premium by Segment (US$ Billion), 2013-2018
Table 12: Belgian Insurance - Segmentation, Direct Written Premium (Percentage Share), 2009-2018
Table 13: Belgian Reinsurance - Premium Accepted by Category (EUR Billion), 2009-2013
Table 14: Belgian Reinsurance - Premium Accepted by Category (US$ Billion), 2009-2013
Table 15: Belgian Reinsurance - Premium Accepted by Category (EUR Billion), 2013-2018
Table 16: Belgian Reinsurance - Premium Accepted by Category (US$Billion), 2013-2018
Table 17: Belgian Reinsurance - Premium Ceded by Type of Insurance (EUR Billion), 2009-2013
Table 18: Belgian Reinsurance - Premium Ceded by Type of Insurance (US$Billion), 2009-2013
Table 19: Belgian Reinsurance - Premium Ceded by Type of Insurance (EUR Billion), 2013-2018
Table 20: Belgian Reinsurance - Premium Ceded by Type of Insurance (US$ Billion), 2013-2018
Table 21: Belgian Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 22: Belgian Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 23: Belgian Non Life Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 24: Belgian Non Life Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 25: Belgian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2009-2013
Table 26: Belgian Personal Accident and Health Insurance - Percentage of Reinsurance Ceded (%), 2013-2018
Table 27: Belgian Leading Reinsurance Companies
Table 28: Secura Re NV, Key Facts
Table 29: Secura Re NV, Key Financials (EUR Million), 2008-2012