Reinsurance in Belgium Key Trends and Opportunities to 2019

Reinsurance in Belgium Key Trends and Opportunities to 2019

  • June 2017 •
  • 34 pages •
  • Report ID: 4966645 •
  • Format: PDF
Synopsis
Timetric’s 'Reinsurance in Belgium, Key Trends and Opportunities to 2020' report provides detailed analysis of the trends, drivers and challenges in the Belgian reinsurance segment. It provides values for key performance indicators such as written premium, reinsurance ceded and reinsurance accepted during the review period (2011–2015) and forecast period (2015–2020).

The report also analyses information pertaining to the competitive landscape in the country, gives a comprehensive overview of the Belgian economy and demographics, and provides detailed analysis of natural hazards and their impact on the Belgian insurance industry.

The report brings together Timetric’s research, modeling and analysis expertise to enable reinsurers to identify segment dynamics and competitive advantages, and access profiles of reinsurers operating in the country.

Summary
Timetric’s 'Reinsurance in Belgium, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Belgian reinsurance segment, including:

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

- A comprehensive overview of the Belgian economy and demographics

- Detailed analysis of natural hazards and their impact on the Belgian insurance industry

- The competitive landscape in the Belgian reinsurance segment

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

- It provides historical values for the Belgian reinsurance segment for the report’s 2011–2015 review period, and projected figures for the 2015–2020 forecast period.

- It offers a detailed analysis of the key categories in the Belgian reinsurance segment, and market forecasts to 2019.

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


Reasons To Buy
- Make strategic business decisions using in-depth historic and forecast market data related to the Belgian reinsurance segment, and each category within it.

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

- Identify 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
- Amendments to the Reinsurance Act 2009 were implemented in March 2016, renaming it the Insurance and Reinsurance Supervision Act, which aims to bring greater transparency into the operations of Belgian reinsurers.

- In February 2016, the European Union (EU) passed new data protection and security regulations, effective from May 2018, which will oblige organizations to take out cyberinsurance and reinsurance.

- In March 2016, the National Bank of Belgium (NBB) issued a circular stipulating additional specifications on the application of reinsurance cessions to the non-life catastrophe risk sub-module.

- The Solvency II regulatory framework was implemented in January 2016, and is expected to drive reinsurance demand.
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