Reinsurance in Belgium, Key Trends and Opportunities to 2018

Date: 2015-09

“The gross written premium of the Belgian reinsurance segment increased at a CAGR of 1.9% during the review period (2009โ€“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 (2013โ€“2018).”

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