Belgian Personal Accident & Health Insurance Market Studied by Timetric in Topical Report Available at MarketPublishers.com14 Jan 2015 • by Natalie Aster
LONDON – In 2013, the market penetration rate for personal accident and health insurance in Belgium totaled 0.82%.
In 2013, the segment’s share amounted to 10.3% of the total written premiums of the country’s insurance industry. Meantime, the lion’s share of the segment (47.8%) was held by personal accident insurance; it was followed by health insurance with a share of 45.1% and travel insurance with a share of 7%.
During 2009-2013, the Belgian personal accident and health insurance segment recorded a 2.3% CAGR. The increase was propelled mainly by the enhancing medical expenditures, active urbanization processes, growing number of outbound tourists and longer life expectancy. Besides, the governmental high public and private healthcare expenditure also contributed to the personal accident and health insurance market growth in Belgium. However, the market growth was constrained by the negative influence of the crisis in the European region and sluggish growth of the Belgian economy.
In 2013, brokers made up the largest distribution channel for personal accident and health insurance policies; this channel accounted for over 61% of the total gross written premiums of the segment.
Topical market research report “Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2018” worked out by Timetric is a reliable source of unique information on the Belgian personal accident and health insurance market performance.
The topical research offers an insightful overview of Belgium’s personal accident and health insurance market and gives key details on the market development since 2009. It touches upon the latest market trends, scrutinizes the key challenges, opportunities and drivers; gives detailed consumer segmentation analysis. Additionally, the report comprises an extensive investigation of taxation and legislation issues and also touches upon the compulsory insurance questions; presents the market assessment on the basis of insurance type. It delves deep into the competitive scenario and presents profiles of the leading insurance companies, including unique information on their recent developments and new product launches. A four-year future outlook for the market is also available in the research report.
Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2018
Published: December, 2014
Price: US$ 1,950.00
More in-demand market research studies by the publisher can be found at Timetric page.