Published on Atlas Magazine (https://www.atlas-mag.net)

Belgian insurance market: premiums per class of business 2022

Magazine Issue:

Earthquake: natural disaster and risk management [3]

Magazine date:

Mar 2023

Figures in millions

Class of business	2022 turnover		2021 turnover		2021-2022 evolution ⁽¹⁾	2022 shares
Class of business	EUR	USD	EUR	USD	2021-2022 evolution ⁽¹⁾	2022 shares
Motor	4 061	4 335	4 007	4 537	1.30%	13.30%
Fire	3 664	3 911	3 392	3 841	8%	12%
Health	2 025	2 162	1 947	2 205	4%	6.70%
Accidents	1 716	1 832	1 621	1 836	5.90%	5.60%
General third party liability	1 276	1 362	1 211	1 371	5.40%	4.20%
Other risks	1 713	1 829	1 524	1 726	12.40%	5.60%
Non-life total	14 455	15 431	13 702	15 516	5.50%	47.40%
Individual life insurance	9 837	10 501	10 222	11 575	-3.80%	32.30%
Group life insurance	6 191	6 609	5 955	6 744	4%	20.30%
Life total	16 028	17 110	16 177	18 319	-0.90%	52.60%
Grand total	30 483	32 541	29 879	33 835	2%	100%

⁽¹⁾ Evolution in local currency.

Read also | Top 15 insurers in Belgium [4]

Fri, 17/03/2023 - 15:56

Source URL: https://www.atlas-mag.net/en/article/belgian-insurance-market-premiums-per-class-of-business-2018-2019

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[3] https://www.atlas-mag.net/en/issue/atlas-magazine-n-199-march-2023
[4] https://www.atlas-mag.net/en/article/top-15-insurers-in-belgium-according-to-2019-turnover