Licensed list · Europe · Western Europe · BE

Licensed insurance companies in Belgium (2026)

VerifiedVerified against the NBB register, checked 3 Sept 2026.

The 87 insurance companies licensed in Belgium in 2026, as recorded by the Banque nationale de Belgique (NBB), with the class of business and ownership each one is registered under.

Snapshot

87Licensed operators
5Life6% of entities
0General (non-life)0% of entities
14Cross-border groups73 domestically owned

By class of business

Each company is counted once, under the class its register row records. The supervisor’s own tally counts licences, so a company licensed for more than one class appears more than once there.

By ownership

  • Domestic private43 49%
  • Mutual / cooperative26 30%
  • Pan-European group10 11%
  • Foreign multinational4 5%
  • State-owned / parastatal4 5%

“Cross-border groups” counts foreign multinationals and pan-regional groups; “domestically owned” counts domestic private, state-owned, mutual and captive entities. The register records the parent’s type, not its home market. How ownership is recorded

Licensed insurers in Belgium

Showing 25 of 87 entities. The full, filterable table is on the country page; every row is in the JSON below.

InsurerClassOwnershipGroupVerification
AG InsuranceUNot stated in registerPan-European groupAgeasVerified
ageasUNot stated in registerPan-European groupAgeasVerified
Allianz BeneluxUNot stated in registerPan-European groupAllianzVerified
Amma VerzekeringenUNot stated in registerMutual / cooperativeCoveaVerified
Athora BelgiumUNot stated in registerPan-European groupAthoraVerified
AXA BelgiumUNot stated in registerPan-European groupAXAVerified
Baloise BelgiumUNot stated in registerPan-European groupBaloise / HelvetiaVerified
DKV BelgiumUNot stated in registerPan-European groupMunich ReVerified
ERGO InsuranceUNot stated in registerPan-European groupMunich ReVerified
Euler Hermes (Allianz Trade)UNot stated in registerPan-European groupAllianzVerified
MSIG Europe SEUNot stated in registerForeign multinationalMS&ADVerified
NN Insurance BelgiumUNot stated in registerPan-European groupNN GroupVerified
QBE EuropeUNot stated in registerForeign multinationalQBEVerified
ACM BelgiumUNot stated in registerMutual / cooperativeCredit MutuelVerified
ACM Belgium LifeLLifeMutual / cooperativeCredit MutuelVerified
Cigna Europe Insurance CompanyUNot stated in registerForeign multinationalCignaVerified
Cigna Life Insurance Company of EuropeLLifeForeign multinationalCignaVerified
Credendo - Guarantees & Specialty RisksXSpecialty / Credit / CaptiveState-owned / parastatalCredendoVerified
Credendo – Trade Credit InsuranceXSpecialty / Credit / CaptiveState-owned / parastatalCredendoVerified
EthiasUNot stated in registerState-owned / parastatalBelgian State / regionsVerified
Federale VerzekeringUNot stated in registerMutual / cooperativeFederaleVerified
KBC VerzekeringenUNot stated in registerDomestic privateKBCVerified
Monument Assurance BelgiumUNot stated in registerDomestic privateMonument ReVerified
Accelerant Insurance EuropeUNot stated in registerDomestic privateIndependentVerified
Algemene VervoerverzekeringUNot stated in registerDomestic privateIndependentVerified

Full table for Belgium ↗

Regulatory intelligence: Belgium

Read from the register, not written for this page: the supervisor’s regime, the source the list was checked against, and the market notes recorded alongside it.

Regime
Supervised jointly with Office de contrôle des mutualités - Controledienst voor de ziekenfondsen
Register source
EIOPA Register of Insurance Undertakings export (3 Sep 2026)
Verification
Verified against the regulator register · EIOPA export, 87 domestic undertakings / 3rd-country branches

No market event is recorded against this register for 2026. The regime and source above are the standing facts.

Governing legislation

  • Law of 13 March 2016 on the status and supervision of insurance and reinsurance undertakings · Institutional and insurance framework

    The National Bank of Belgium maintains the prudential authorisation register under the 2016 insurance law. Conduct responsibilities also involve the FSMA.

Verification log

Cross-checked against NBB list of 3 Sep 2026 (EIOPA count higher because it includes reinsurers and mutual health funds supervised by the Controledienst voor de ziekenfondsen)

For B2B teams and AI agents

The same rows as static JSON, no key, CORS open, CC BY 4.0. Paged files stay under 96 KB so an agent’s fetch tool never truncates them.

curl -s https://insurers.global/api/v1/countries/belgium.json
curl -s https://insurers.global/api/v1/countries/belgium/insurers/pages/1.json