Moody's: stable outlook for the Belgian life insurance market

Moody's has maintained a stable outlook for the Belgian life insurance market.

According to the rating agency, insurers are likely to benefit from better investment margins in 2023 thanks to higher interest rates and lower guaranteed returns on savings contracts.

Market players will also keep promoting the marketing of unit-linked policies.

Moody's expects these factors to mitigate the negative effects of the decline in GDP growth, inflation on insurers' expenses and those resulting from geopolitical uncertainty.