Discover our summary of the major headlines in the insurance industry in Belgium with just a scroll!
AG Insurance acquires full ownership of Touring
29/05/2026 – Source
AG Insurance has signed an agreement to acquire the 25% stake in Touring SA held by BNP Paribas Fortis, becoming the sole owner of Belgium’s leading roadside assistance and travel assistance provider. The transaction follows the renewal of the long-term commercial partnership between AG Insurance and BNP Paribas Fortis, announced at the end of 2025.
The move is intended to support Touring’s continued growth and strengthen its market-leading position through additional investments. Since 2019, AG Insurance, BNP Paribas Fortis and Touring have collaborated closely on mobility, prevention, and assistance services, with both financial institutions becoming shareholders of Touring in 2023. Under AG’s full ownership, Touring will continue implementing its long-term development plan while further enhancing the quality of its services.
Ageas takes full ownership of AG Insurance and extends bancassurance partnership with BNP Paribas Fortis
28/04/2026 – Source
Ageas has completed the acquisition of the remaining 25% stake in AG Insurance held by BNP Paribas Fortis, becoming the sole owner of Belgium’s leading insurer. The transaction is expected to support the group’s Elevate27 strategy, increasing its financial targets, including Holding Free Cash Flow from €2.3 billion to €2.6 billion and shareholder remuneration from €2.0 billion to €2.2 billion.
Alongside the acquisition, AG Insurance and BNP Paribas Fortis have renewed their bancassurance partnership for a further 15 years, reaffirming one of the most significant strategic alliances in the Belgian financial sector. Ageas and BNP Paribas have also agreed on a new governance framework for their long-term relationship, with Renaud Dumora proposed as a non-executive member of the Ageas Board. The agreements strengthen Ageas’ position in its home market while preserving a key distribution partnership for future growth.
Baloise launches new pension solution to help self-employed workers beat inflation
26/05/2026 – Source
Baloise is warning that many Belgian self-employed workers are underprepared for retirement, with the average pension reserve for those relying solely on a supplementary pension plan (PLCI) amounting to just €15,616. More than four in ten self-employed individuals currently do not build up any additional pension savings, while many only start saving around the age of 37.
To help protect future purchasing power, Baloise has introduced a new pension solution that combines the security of traditional Branch 21 savings products with up to 50% exposure to financial markets through Branch 23 investments. The launch coincides with upcoming legislative changes increasing the maximum PLCI contribution to 8.5% of taxable net income. The insurer believes this more dynamic approach can help self-employed workers better offset inflation while gradually reducing investment risk as retirement approaches.
Europ Assistance and GEB rebrand as Redion
26/05/2026 – Source
Generali has unveiled Redion, the new global brand bringing together the activities of Europ Assistance and Generali Employee Benefits (GEB) under a single identity. With annual revenues of €5.8 billion, more than 12,000 employees, and operations in over 190 countries, Redion becomes the world’s leading employee benefits provider and the second-largest assistance and travel insurance platform globally.
Led by Antoine Parisi, Redion aims to deliver an integrated care ecosystem spanning travel insurance, medical assistance, employee benefits, health, mobility, and embedded insurance solutions. The new brand will leverage a shared data strategy, joint AI investments, and a unified technology platform while maintaining full continuity for existing customers and partners. The rebranding reflects Generali’s ambition to strengthen its position as a global leader in protection, health, and assistance services.
Foyer partners with Tractable to accelerate motor claims processing with AI
06/05/2026 – Source
Foyer has announced a strategic partnership with Tractable, a global specialist in AI-powered image analysis, to enhance the handling of low-severity motor claims. The new solution automatically assesses vehicle damage from photographs submitted by policyholders, enabling faster claims processing and more efficient case management.
The initiative forms part of Foyer’s broader digital transformation strategy and aims to improve customer experience by simplifying the claims journey and reducing the need for garage visits. By leveraging Tractable’s internationally proven technology, Foyer expects to increase the speed, consistency, and accuracy of damage assessments while reducing administrative burdens across the repair ecosystem. The partnership highlights the growing role of artificial intelligence in modernising insurance operations and customer service.
BNP Paribas Fortis launches Boost Savings Account to encourage regular saving
04/05/2026 – Source
BNP Paribas Fortis, Fintro and Hello bank! will launch the new Boost Savings Account on 4 May 2026, a regulated savings product designed to encourage customers to build savings gradually and consistently. The account offers a 1.40% base interest rate combined with a 1.50% loyalty premium, with deposits capped at €500 per month to promote disciplined saving habits.
The launch comes amid growing economic uncertainty, rising inflationary pressures and concerns about household purchasing power. By making regular saving accessible to customers of all ages, including minors, the bank aims to help individuals build financial resilience for future projects and unexpected expenses. In parallel, BNP Paribas Fortis has removed the €250,000 balance limit on its Standard Savings Account, providing greater flexibility for savers.
Rodolphe Saadé establishes a Luxembourg-based reinsurance company
04/05/2026 – Source
The CMA CGM Group, led by billionaire Rodolphe Saadé, has strengthened its risk management framework through the creation of Sentinel Reinsurance, a new reinsurance company based in Luxembourg. Established in March 2026 and licensed by Luxembourg’s insurance regulator in April, the entity has been capitalised with USD 70 million and will focus exclusively on reinsurance activities.
The move reflects a common strategy among large international industrial and logistics groups, which use captive reinsurance structures to manage risks more efficiently and optimise insurance costs. The creation of Sentinel Reinsurance marks a further expansion of CMA CGM’s financial capabilities, complementing the group’s broader diversification strategy under Rodolphe Saadé, who has transformed the company into a global logistics, transport, and media powerhouse through a series of strategic acquisitions and investments.
