Personal Accident and Health Insurance in Belgium, Key Trends and Opportunities to 2018

Date: 2015-09

Personal accident and health insurance accounted for 10.3% of the Belgian insurance industryโ€™s written premium in 2013, after recording a CAGR of 2.3% during the review period (2009โ€“2013). This growth was primarily due to increases in medical expenditure, and Belgian outbound tourism. The expansion of the segment was also supported by positive demographic factors such as increased life expectancy and the countryโ€™s large urban population. An increase in the governmentโ€™s private and public healthcare expenditure also fueled segment growth, although this was partially offset by weak economic growth and the impact of the European debt crisis.

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