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Belgium | February 21st, 2011

Belgium is the ninth largest insurance market in Europe as of the year end 2009 and is dominated by bancassurance conglomerates. Insurance industry in Belgium is categorized into life and non-life segments. Both these segments experienced a high single-digit decline in 2009. In the life market, unstable stock markets led to a decline in sales of unit-linked products. Non-life premiums have generally been little affected by the economic downturn except for a small number of lines of business, such as credit and surety insurance that have strong links to economic activity.
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Belgium Insurance Market Intelligence: 2011 Edition | Market Research Report On Aarkstore Enterprise
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