Discover our summary of the major headlines in the insurance industry in Belgium & Luxembourg with just a scroll!
DECAVI Non-life insurance awards 2026 - and the winners are...
23/04/2026 – Source
The 22nd edition of the DECAVI Non-Life Insurance Awards highlighted the best insurance products in Belgium, rewarding innovation, transparency, and market excellence across multiple categories.
AG stood out as a key winner, taking top spots in motor insurance, accident coverage, SME packages, and pet insurance, as well as winning the Brokerage Award.
Groupe P&V was recognized for its strong positioning in motorcycle and family insurance, as well as in prevention initiatives.
Ethias received awards for workplace accident insurance and corporate prevention solutions.
Other notable winners include ARAG (legal protection), CBC Assurances (home insurance), Hiscox (cyber risk), and Allianz Partners (travel insurance).
In digital and innovation, AXA and NN were recognized for their client platforms, while Allianz was awarded for innovation tools. AXA also received the societal engagement award, and Brocom was recognized for best advertising campaign.
Overall, the awards underline the dynamism of the Belgian insurance market, with strong competition across traditional, digital, and innovative product offerings.
P&V Group becomes first insurer in Belgium with SBTi-approved decarbonisation plan
23/04/2026 – Source
P&V Group has become the first insurer active in Belgium to have its decarbonisation plan validated by the Science Based Targets initiative (SBTi), confirming alignment with the Paris Agreement objectives.
This milestone reflects the group’s commitment to embedding sustainability at the core of its business model, balancing economic performance with social responsibility and environmental impact.
The plan, submitted in December 2025 and validated after a rigorous review process, covers 68% of the group’s emissions and includes measurable targets across all emission scopes.
By joining the SBTi in 2024, P&V committed to defining science-based climate objectives within two years, reinforcing its proactive stance in a context where many companies are slowing their climate efforts.
Beyond environmental impact, the initiative also aims to strengthen internal collaboration, enhance stakeholder engagement, and ensure transparent monitoring of progress over time.
Overall, this achievement positions P&V Group as a leading player in sustainable insurance, demonstrating how scientific rigor and long-term vision can drive meaningful climate action.
AI increases cybersecurity pressure on organizations
20/04/2026 – Source
Recent developments in artificial intelligence are significantly increasing cybersecurity risks, as highlighted by Anthropic’s delayed launch of its Mythos model, reportedly capable of identifying and linking vulnerabilities into full attack chains.
The Centre for Cybersecurity Belgium is closely monitoring these advancements, warning that AI is accelerating both the detection and potential exploitation of system weaknesses.
This evolution marks a structural shift, where cyberattacks may become faster, more automated, and more scalable, lowering the barrier for attackers and increasing pressure on organizations’ security capabilities.
Smaller organizations, in particular, may struggle to keep pace compared to large tech players that can leverage AI for rapid threat detection and response.
In response, the CCB urges companies to strengthen their cybersecurity posture by ensuring robust fundamentals: timely updates and patching, continuous monitoring, secure cloud strategies, and strong multi-factor authentication.
Overall, the rise of AI in cybersecurity is reshaping the threat landscape, making proactive and adaptive security strategies more critical than ever.
BNP Paribas Fortis supports large-scale nature restoration in the zuun valley
15/04/2026 – Source
BNP Paribas Fortis has partnered with Natuurpunt to restore biodiversity and strengthen flood resilience in the Zuun Valley.
Over a four-year period, the bank will support large-scale ecological initiatives, including pond restoration, reforestation with native species, and improved water management.
The project aims to enhance the valley’s natural buffering capacity, a critical function highlighted during extreme rainfall events, while also improving biodiversity, water quality, and local living conditions.
Beyond financial support, BNP Paribas Fortis is actively engaging its 12,000 employees through volunteering initiatives as part of its 1MillionHours2Help program.
Running from 2025 to 2028, the initiative also includes public-facing improvements such as walking trails and observation areas, reinforcing the site’s accessibility and educational value.
This project forms part of the bank’s broader sustainability strategy, contributing to the restoration of wetlands, an essential ecosystem for climate resilience and environmental protection.
Belgian government aims to make pension savings more attractive
11/04/2026 – Source
The Belgian federal government is planning reforms to make pension savings more attractive by limiting fees and increasing transparency for savers.
A key proposal includes introducing a legal cap on entry and management fees, although this measure is strongly opposed by Febelfin, which warns it could impact product viability.
Other measures under consideration include enabling free transfers of pension savings between banks and insurers, making it easier for individuals to switch providers without financial penalties.
The government also aims to expand investment options by allowing fully passive pension funds based on ETFs, offering lower-cost alternatives to actively managed funds.
Overall, the reform seeks to improve competition, reduce costs, and enhance clarity for the nearly 2.5 million Belgians participating in pension savings schemes.
The consumer group also warns that Datassur’s practices could enable automated profiling, and questions whether the company’s “legitimate interest” in holding this data is proportional to individuals’ rights. Test Achats is urging the authority to ensure full GDPR compliance.
Natural disasters : insurers are pushing for a European fund
09/04/2026 – Source
European Stability Mechanism and EIOPA have proposed a shared EU disaster insurance backstop ranging from €10bn to €65bn to strengthen resilience against natural catastrophes.
The initiative aims to reduce Europe’s insurance protection gap—currently estimated between 50% and 75% by pooling risks across countries and perils, improving diversification and capital efficiency for insurers.
Model simulations show that a European pooling mechanism could reduce required capital by up to 67%, enabling insurers to underwrite more risk while lowering costs and volatility.
The proposed backstop would act as a loan-based safety net, providing additional funding in extreme scenarios while remaining fiscally neutral over time.
Beyond financial stability, the mechanism could help reduce reliance on post-disaster public intervention and make insurance more accessible for households and businesses.
Overall, the proposal reflects a broader shift toward collective risk-sharing in response to increasing climate-related losses and highlights the need for coordinated European solutions
PhD research reveals blind spots in digital banking services
07/04/2026 – Source
Research led by Milica Lazarevic highlights that digital inclusion is not an individual challenge but a shared responsibility between citizens, institutions, and policymakers.
Her PhD, conducted at Vrije Universiteit Brussel, shows that while digital banking improves efficiency, it also creates new forms of exclusion affecting up to 40% of the Belgian population.
The study emphasizes that digital inequality is driven not only by users’ skills but also by how services are designed, including accessibility, interface clarity, and availability of human support.
To address these challenges, Lazarevic developed frameworks such as Bank-4-All and INCLUSIA, promoting inclusive, user-friendly, and rights-based digital services across sectors.
Supported by BNP Paribas Fortis, the research calls for a fundamental shift in how digital services are conceived, ensuring equal access and safeguarding fundamental rights in an increasingly digital society.
