Belgium
Europe
Asia
Reinsurance

Belgium

As the No. 1 player in the Life insurance market and No. 2 in Non-Life, AG Insurance is the clear market leader in the Belgian insurance market. Almost 1 out of 2 Belgian households are customers of AG Insurance.

A destination du propriétaire de l’appartement situé
Gross inflows
5
billion (EUR)
Net profit
463.7
million (EUR)
Combined ratio
93.8
%
Staff
6939
people
The number 1 player

in the Life-insurance business

As the No. 1 player in the Life insurance market and No. 2 in Non-Life, AG Insurance is the clear market leader in the Belgian insurance market. Almost 1 out of 2 Belgian households are customers of AG Insurance.

Products are tailored to the needs of individuals and companies through distinct market segments that include: Life Retail and SME, Employee Benefits and Non-Life. Our 3 million customers have access to a full range of insurance products through over 4,000 independent brokers as well as the branches of our bancassurance distribution partners, BNP Paribas Fortis, Fintro and bpost bank/bpost banque.

Through its subsidiary AG Real Estate, the group manages a diversified portfolio of real estate assets valued at around EUR 6.5 billion, making it the largest private real estate group in Belgium.

ag-office-outside-wall
Brokers
3566
Customers
3
million

Europe

Ageas Europe is active in Portugal, Turkey and the UK. Through a number of wholly owned subsidiaries and joint ventures, we offer a broad range of insurance products and services spanning both Life and Non-Life.

europe

Portugal

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In Portugal, Médis, is the clear market leader in the local Health insurance market and the customer reference point for healthcare, while Ageas Seguros, a new name to the Portuguese insurance market in 2017, has become a well recognised insurance brand.

United Kingdom

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Ageas UK is one of the largest personal lines insurers in the United Kingdom, protecting the needs of over four million customers. It offers car and home insurance through brokers and intermediary partners in the UK as well as its own Ageas and Rias brands. Ageas UK was named Personal Lines Insurer of the Year at the 2021 and 2022 British Insurance Awards, as well as the 2021 Insurance Times Awards. In the UK, Ageas is the No. 6 home insurer and No. 6 private car insurer and has achieved the Institute of Customer Services coveted ServiceMark accreditation and been certified by the Top Employers Institute as a Top Employer for 2023.

Türkiye

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In Türkiye, Ageas operates Life and Non-Life insurance businesses. AgeSa, a joint venture with long-standing partner Sabanci Holding is the 5th largest life insurance company and the leading private pension provider in Türkiye. As one of the most important players in the Turkish Non-Life insurance market, Aksigorta focuses on the provision of clear, simple and accessible insurance products and services through its “Next Generation Insurance” approach.

Asia

Ageas operates in 9 countries in Asia including China, Malaysia, Thailand, India, the Philippines and Vietnam, through well-established joint venture partnerships with highly respected local partners and financial institutions. Many of these partnerships date back more than a decade, providing important access to customers and knowledge of the local market.

Asia
Gross inflows
8.1
billion
Net profit
245
million
Growth in inflows
10
%
Staff
29300
people

Together Ageas and its partners serve around 29.5 million customers across the region supported by a regional office in Hong Kong. In support of its partners’ own expansion plans, the Group also provides insurance services in Laos, Cambodia and Singapore.

Across the region, we offer a range of Life and Non-Life insurance products through different channels of choice including 456,264 agents and brokers, bank branches, and digital.

Customers
29.5
million
Agents & brokers
456264

Reinsurance

Ageas Group Reinsurance organises the reinsurance activities of the Ageas Group. Through Ageas Re, it serves non-Group clients predominantly in EMEA in property and casualty treaty reinsurance. Through its internal reinsurance operations, it serves the life and non-life reinsurance needs of the Group as well as its entities. Internal clients are based in Belgium, Portugal, the United Kingdom, France, Turkey, India, Malaysia, Singapore, Thailand and Hong Kong. Underwritten portfolios are usually local portfolios, with the exception of Hong Kong, where Ageas writes risks around the globe as part of the retrocession programme of our JV company, Taiping Re.

ageas-re

Group Reinsurance underwrites (large) shares in the traditional reinsurance programs of the Group’s entities. This enables Ageas to adjust its global risk intake to the Group risk appetite and to maximise diversification benefits.

Group Reinsurance also concluded significant proportional contracts with several Ageas entities to gather uncorrelated risks at Group level whilst enhancing capital fungibility.

Group Reinsurance acts as a centre of knowledge for the Ageas entities and coordinates most reinsurance activities in Ageas, including the initiatives that are developed together with Taiping Re.

Visit the ageas-re website