Belgium Wealth Management: Market Sizing and Opportunities to 2022

2019-10-11
Price :
Published : Oct-2019
No. of Pages : 40

Belgium Wealth Management: Market Sizing and Opportunities to 2022

Summary

Based on our proprietary datasets, this report analyzes Belgium’s wealth and retail savings and investments markets, with a focus on the high net worth (HNW) segment. This includes the overall affluent market size (both by the number of individuals and the value of their liquid assets) as well as a breakdown of liquid vs. illiquid HNW holdings. The report also provides analysis of the factors driving liquid asset growth, including a breakdown and forecast of total retail savings and investments split by asset classes including deposits, mutual funds, equities, and bonds.

Steady economic growth, high levels of affluence, and Belgium’s economically strategic location make the country an attractive market to operate in. HNW and mass affluent individuals collectively represent 35.5% of the total adult population. Belgian HNW investors hold 76.6% of their investments in liquid assets such as equities, mutual funds, deposits, and bonds. However, wealth managers must also focus on the slowly increasing investments in illiquid assets seen in recent years, with this trend set to continue going forward. Recording a compound annual growth rate (CAGR) of 2.9% over 2014-18, Belgium’s retail savings and investments market reached a value of $801.3bn in 2018.

Scope

– Affluent individuals accounted for 35.5% of Belgium’s total adult population in 2018, collectively holding 85.6% of the country’s retail wealth.
– Deposits continue to maintain their dominance in the Belgian retail investment portfolio, with retail investors allocating 53.0% of their liquid assets to deposits in 2018.
– 11.7% of Belgian HNW investors’ assets were invested outside of the country, with tax efficiency and client anonymity being the primary reasons to invest offshore.

Reasons to buy

– Make strategic decisions using top-level historic and forecast data on Belgium’s wealth industry.
– Identify the most promising client segment by analyzing penetration of affluent individuals.
– Receive detailed insight into retail liquid asset holdings in Belgium, including deposits, mutual funds, equities, and bonds.
– Understand changing market and competitive dynamics by learning about new competitors and recent deals in the wealth space.
– See an overview of key digital disruptors in the country’s wealth market.

Filed in: Banking & Finance, Wealth Management
Publisher : GlobalData
More Reports
Title Price Buy Now

UK Commercial Property Insurance: Market Dynamics & Opportunities 2019

UK Commercial Property Insurance: Market Dynamics & Opportunities 2019 Summary The commercial property insurance market saw stable gross written premiums (GWP) growth again in 2018. The market remains competitive, with the leading players retaining similar shares year on year. This keeps premium rates at stubbornly low levels. Profitability remains significantly affected by weather conditions, and a sharp rise in claims at the beginning of 2018 forced a competitive market to harden rates, resulting in the worst profitability results in 12 years. Besides weather, the other key factor affecting the market is Brexit, which insurers also have no control over. In the long term we expect growth in GWP up until 2024, with growth rates improving after 2020 when the UK's Brexit position should be......
$3450

Spain Retail Banking: Opportunities and Risks to 2023

Spain Retail Banking: Opportunities and Risks to 2023 Summary Total loan balances outstanding in Spain declined from €742.5bn ($850.6bn) in 2014 to €697.3bn ($798.8bn) in 2018, a compound annual growth rate (CAGR) of -1.6%. Credit card balances outstanding was the fastest-growing credit segment during the review period, followed by personal loans and mortgage loans. However, the Spanish government has eased loan requirements and extended the repossession period for mortgage loans. This, coupled with favorable financing conditions and easier loan acquisitions being offered by banks, should constitute a CAGR of 0.3% in loan balances outstanding between 2019 and 2023. This growth will also be driven by an increasing number of non-bank lenders and digital lending platforms breaking into t......
$2000

Enterprise Tech Ecosystem Series: Chubb

Enterprise Tech Ecosystem Series: Chubb Summary Chubb, a division of Chubb Limited, is a property and casualty insurance company. The company offers personal accident and supplemental health insurance, commercial and personal property and casualty insurance, life insurance, and reinsurance products to a range of clients. The company serves individuals, SMEs, large corporates, multinational corporations, and affluent and high net worth individuals. It distributes products and services through a network of offices, independent agents, general agents, brokers, and direct marketing. Its personal business lines offer insurance coverage for homeowners; personal accidents; debit, credit, and loyalty cards; supplemental health; travel; critical illness; and life. Its commercial business line of......
$1295

Bulgaria Insurance Industry: Key Trends and Opportunities to 2023

Bulgaria Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Bulgaria Insurance Industry: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Bulgarian insurance industry. GlobalData's 'Bulgaria Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Bulgarian insurance industry. It provides values for key performance indicators such as written premium, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Bulgarian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving in......
$995

Angola Insurance Industry: Key Trends and Opportunities to 2022

Angola Insurance Industry: Key Trends and Opportunities to 2022 Summary GlobalData's 'Angola Insurance Industry: Key Trends and Opportunities to 2022' report provides a detailed outlook by product category for the Angolan insurance industry. GlobalData's 'Angola Insurance Industry: Key Trends and Opportunities to 2022' report provides in-depth market analysis, information and insights into the Angolan insurance industry. It provides values for key performance indicators such as direct written premium, density, loss ratio and penetration during the review period (2013-2017) and forecast period (2017-2022). The report gives a comprehensive overview of the Angolan economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurer......
$995

Namibia Insurance Industry: Key Trends and Opportunities to 2023

Namibia Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Namibia Insurance Industry - Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Namibian insurance industry. GlobalData's 'Namibia Insurance Industry - Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Namibian insurance industry. It provides values for key performance indicators such as written premium, claims, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Namibian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving......
$995

PESTLE Insights: Macroeconomic Outlook Report – Italy

PESTLE Insights: Macroeconomic Outlook Report - Italy Summary Financial intermediation, real estate and business activities contributed 28.2% to the gross value added (GVA) in 2018, followed by mining, manufacturing and utilities (19.4%), and wholesale, retail and hotels activities (15.6%). In nominal terms, the three sectors are expected to grow by 2.1%, 2.5% and 2.7%, respectively, in 2019. The FTSE MIB (Milano Indice di Borsa) index is the benchmark index of the Italian national stock exchange, the Borsa Italiana. The overall index has recorded moderate growth over the last year. As of October 8th, 2019 FTSE MIB index stood at 21,405.73, compared to 19,851.47 on October 8th, 2018. Five major regions of Italy generated around 57.97% of the country's GDP and were home to 51.35% of the......
$500

Armenia Insurance Industry: Key Trends and Opportunities to 2023

Armenia Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Armenia Insurance Industry: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Armenian insurance industry. GlobalData's 'Armenia Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Armenian insurance industry. It provides values for key performance indicators such as written premium, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Armenian economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, giving insurers......
$995

Lesotho Insurance Industry: Key Trends and Opportunities to 2023

Lesotho Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Lesotho Insurance Industry: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Lesotho insurance industry. GlobalData's 'Lesotho Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Lesotho insurance industry. It provides values for key performance indicators such as written premium, investments, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Lesotho economy and demographics. The report brings together GlobalData's research, modeling and analysis expertise, givin......
$995

Palestine Insurance Industry: Key Trends and Opportunities to 2023

Palestine Insurance Industry: Key Trends and Opportunities to 2023 Summary GlobalData's 'Palestine Insurance Industry: Key Trends and Opportunities to 2023' report provides a detailed outlook by product category for the Palestinian insurance industry. GlobalData's 'Palestine Insurance Industry: Key Trends and Opportunities to 2023' report provides in-depth market analysis, information and insights into the Palestinian insurance industry. It provides values for key performance indicators such as written premium, investments, density, loss ratio and penetration during the review period (2014-2018) and forecast period (2018-2023). The report gives a comprehensive overview of the Palestinian economy and demographics. The report brings together GlobalData's research, modeling and analysi......
$995
We use cookies to deliver the best possible experience on our website.
By continuing to use this site, or closing this box, you consent to our use of cookies. To learn more, visit our Privacy Policy