Luxembourg insurance market surpasses €50 billion in 2025
26/03/2026 – Source
Following the release of the 2025 annual report by the ACA, the professional association of insurers and reinsurers established in Luxembourg, the sector confirms its strong momentum. Total premiums reached €50.9 billion (+9.75%), driven mainly by life insurance, which grew by 16% to €31.1 billion, while non-life increased more moderately to €19.8 billion (+1%).
This performance is largely fueled by international activity, highlighting Luxembourg’s role as a leading hub for cross-border insurance in Europe, with the majority of business generated outside the domestic market.
Among key trends, Luxembourg life insurance continues to attract strong interest from Belgian investors, with €2.3 billion invested in 2025 (+10.5%), according to L’Echo. This success is driven by structural advantages such as the “triangle of security”, ensuring strong asset protection, a “super-privilege” for policyholders, and a wide range of investment options. While these solutions offer flexibility and estate planning benefits, Belgian taxation still applies, limiting direct fiscal advantages.
Despite this growth, challenges remain. Increasing regulatory complexity and rising competition between financial centers are putting pressure on the sector’s competitiveness. Industry leaders are calling for a more coherent and proportionate regulatory framework to sustain long-term growth and maintain Luxembourg’s position in the European landscape.
Belgian insurance market grows by 8.4% in 2025, driven by life segment
24/03/2026 – Source
According to initial estimates from Assuralia, the Belgian insurance market reached €37.9 billion in total premiums in 2025, marking a strong increase of 8.4% compared to the previous year.
Growth was largely driven by individual life insurance, which surged by 19.6% to €13.8 billion. Guaranteed-rate products (branch 21) remained a preferred safe haven for investors, while unit-linked products (branch 23) benefited from favorable market conditions, rising by 31% to €5 billion.
Group insurance returned to modest growth (+0.8%) after a decline in 2024, while the non-life segment expanded more moderately by 3.7% to €17.3 billion. This slower pace reflects both market normalization and relatively low claims from natural catastrophes, with 2025 marked by limited storm and flood damage compared to previous years.
Despite this calmer year, the sector highlights the need for a clearer and more stable regulatory framework to address large-scale natural disasters, as climate-related risks remain a key long-term challenge.
Net profit of €2.6 billion in 2025 for BNP Paribas Fortis
13/03/2026 – Source
BNP Paribas Fortis reported a net profit of €2.6 billion in 2025, supported by growth across all business lines despite a challenging geopolitical and economic environment.
Revenues increased by 7%, driven by strong performances in corporate banking, market activities, and higher interest margins, while overall activity remained resilient in Belgium. However, results were impacted by the normalization of used car prices at Arval, as well as higher banking taxes and cost of risk.
The bank maintains a solid financial position, with a CET1 ratio of 13.3% and a liquidity coverage ratio of 138%, confirming its capacity to support clients across economic cycles.
In Belgium, performance remained strong with €1.5 billion in net profit, supported by increased lending activity, stable deposits, and growing adoption of digital banking services.
Overall, BNP Paribas Fortis demonstrates resilience and adaptability, balancing growth, transformation, and disciplined risk management in an increasingly complex environment.
CBC reports record profit in 2025, driven by strong mortgage growth
12/03/2026 – Source
CBC Banque & Assurance, part of the KBC Group, delivered a record net profit of €187 million in 2025, up 10% year-on-year, with revenues increasing by 8% to €631 million.
This strong performance was largely driven by a surge in mortgage lending, with production rising by more than 50%, supported in part by the reduction of registration duties in Wallonia. Overall loan volumes grew by 9.6% to €16.1 billion, outperforming the broader group.
The momentum in lending also boosted insurance activity, with revenues up nearly 8%, while deposits increased by 6.3%, reflecting continued customer growth and local reinvestment in the Walloon economy.
Despite a challenging environment marked by rising costs, taxes, and geopolitical uncertainty, CBC attracted 42,000 new clients and continues to execute its Impact27 strategy, aiming to further accelerate growth and strengthen its position in the region.
Alan reaches €5 billion valuation with new funding round
11/03/2026 – Source
Health insurtech Alan has reached a valuation exceeding €5 billion following a new €100 million funding round, backed notably by Belfius alongside international investors such as Index Ventures and Greenoaks.
Founded in 2016, the company continues its strong growth trajectory, reporting €785 million in annual recurring revenue in 2025 (+53%) and achieving operational profitability in France, its core market. The company is also nearing break-even at group level, with profitability targeted by 2027.
Alan’s expansion in Belgium, supported by its partnership with Belfius, has already enabled it to surpass 150,000 members and attract major corporate clients. This new funding round aims to accelerate product development, support international expansion, and potentially drive future acquisitions, confirming Alan’s position as one of Europe’s leading insurtech players.
