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The Belgian Insurance Market 03 2012
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The Belgian Insurance Market 03 2012

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Presentation by Wauthier Robyns, Director Press & Communication of Assuralia

Presentation by Wauthier Robyns, Director Press & Communication of Assuralia

Published in: Investor Relations

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  • 1. Entre contrainte et créativité:pour comprendre l’assurance depuis la Belgique Wauthier Robyns 30 03 2012
  • 2. Excerpt from Teach Yourself/Insurance In 1563 an Antwerp merchant insured three ships on a voyage from Havre to Central America. The policy, in French, was endorsed by thirty-seven English underwriters who acknowledge that the insurance is « after the use of Lombard Street of London and of the bourse of Antwerp » 2
  • 3. Limits of insurance Uninsurable risk (assessment, capacity, affordability or moral hazard issues) SocialOther financial Protectionservices/assets Insurance (Social (Deposits, market security, Relief Funds, …) funds, …) Uninsured or self-insured risk 3
  • 4. IN OUT TAX TECHNICAL PROVISIONS INVESTMENTS PREMIUM LOSSES EXPENSES DISTRIBUTIONFIN. INCOME CAPITAL 4
  • 5. LOCAL GLOBALeg. nail studio eg. wide body passenger jets Customers Agents Brokers Insurance companies Insurance company Groups Reinsurance companies 5
  • 6. Total: 63.000 bn $ Japan: 9% 6
  • 7. Total: 4.100 bn $ Japan: 13% Source: Insurance Europe (CEA) European Insurance – Key Facts (September 2011) 7
  • 8. 8Source: Insurance Europe (CEA) European Insurance – Key Facts (September 2011)
  • 9. 9
  • 10. 6. Voisinage de Chemins de fer ou deTramways à vapeur.Le voisinage de Chemins de fer ou de Tramwaysà vapeur donne lieu aux surprimes suivantes :A moins de 15 mètres des rails des voies ferrées :Vingt pour cent pour les risques ci-après:1° Ceux tarifés plus de fr. 2 °/°°;… Extrait “Tarif Général des Risques Simples ou Ordinaires (Incendie et Explosions) du Syndicat de Compagnies Belges d’Assurances (première édition) 1924” 10
  • 11. 21. Interdiction d’abandonner aux Assurés unepartie de la Commission.Il est expressément interdit de faire aux assurés uneremise quelconque, soit sur la prime, soit sur lacommission.Au cas où il sera établi qu’une concession semblableaura été faite, l’intermédiaire deviendra passibled’une amende équivalente à la totalité de sacommission sur le risque pendant toute la durée de lapolice.L’amende sera versée entre les mains de M. leSecrétaire du Syndicat et recevra une destination àconvenir. Extrait “Tarif Général des Risques Simples ou Ordinaires (Incendie et Explosions) du Syndicat de Compagnies Belges d’Assurances (première édition) 1924” 11
  • 12. 12
  • 13. Courts ParliamentCTIF/CFIPrivacy Governmentcompetition (Federal) OCM/CDZ FAO/FAT FSMA BNB/NBB SIGeDIS BCSS/KSZ Belgian Insurance EIOPA MarketEBA ESMA Standard-setting bodies ESRB IRS FATF IASB Council Commission EU OECD IOPS EP ECJ FSB@BIS Joint Forum IAIS G-20 WORLD BANK / IMF 13
  • 14. The Belgian insurance market by lines ofbusiness and distribution patterns By lines of business Market Trends (last Distribution (2010) (2011 e) Share year) Life -group 16% = (-) I I I I I I B D D D -individual - guaranteed yield 38% = (-) I I I B B B B B B D - unit-linked 9% (+) B B B B B B B B I I Overall Life 63% = (-) I I I I B B B B D D Non Life -Auto 12% < CPI I I I I I I I B D D -Property 8% ≤ CPI I I I I I I I I B D -Health 5% > CPI I I I I I I B D D D -Workmen’s 4% I I I I I I I D D D compensation -Casualty & other lines 8% (-) Overall Non-Life 37% = CPI I I I I I I I B D D Grand Total 100% = (-) I I I I I B B B D D 14
  • 15. Source: Insurance Europe (CEA) European Insurance – Key Facts (September 2011) 15
  • 16. 16Source: Insurance Europe (CEA) European Insurance – Key Facts (September 2011)
  • 17. 17
  • 18. 18
  • 19. Aantal verzekeringsondernemingen bij de invoering van decontrolewet (1975)Leven: 84 Belgische/31 buitenlandseBA Auto: 73 Belgische/27 buitenlandseArbeidsongevallen: 62 Belgische/20 buitenlandseOverige branches: onbekendAantal in België toegelaten verzekeringsondernemingen vandaag(2011)Leven: 41 Belgische/10 buitenlandseBA Auto: 35 Belgische/18 buitenlandseArbeidsongevallen: 17 Belgische/0 buitenlandseTotaal: 97 Belgische/50 buitenlandse+ bij de toezichthouder geregistreerde vrije dienstverleners uit de EuropeseEconomische Ruimte: 893 ondernemingen (per 31 december 2010) 19
  • 20. 20
  • 21. Insurers’ investment portfolio EU (2009) Source: Insurance Europe (CEA) European Insurance – Key Facts (September 2011) 21
  • 22. Select cases of Public-private partnerships Natural Workmen’scatastrophes compensation Terrorism Bare legal Assistance coverage Lifetime Health coverage 22
  • 23. Financiële activa (zonder vastgoed) per inwonerIn euro Bron: NBB 23
  • 24. Verzekeringen in pro mille van de gemiddeldeuitgaven per huishouden 78/79 87/88 99 09 Leven 8,7 6,5 9,6 5,9 Woning 4,6 2,9 7,9 12,0 Gezondheid 3,3 6,4 7,0 8,7 Vervoer 17,4 22,9 18,6 17,4 Andere 2,9 3,1 3,5 6,4 37,0 50,0 Bron: Statbel 24
  • 25. 25Source : Scoreboard EU
  • 26. Source : Scoreboard EU 26