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The National Bank of Belgium (NBB) has approved the Ageas partial internal model Non-Life aiming at fine-tuning the solvency capital requirements according to the Solvency II Directive, which will become effective as of 1 January 2016.

On its Investor Day, held in London on 28 September 2015, Ageas provided an update on the implementation of the Solvency II regulation and presented the Internal Model Non-Life that was in development, as well as some estimates. Ageas is glad to announce it has received formal approval from the NBB.

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Full Year 2015 Solvency II numbers will be communicated on 17 of February 2016 at the time of the publication of the Full Year 2015 results.

Ageas is an international insurance group with a heritage spanning 190 years. Ranked among the top 20 insurance companies in Europe, Ageas has chosen to concentrate its business activities in Europe and Asia, which together make up the largest share of the global insurance market. These are grouped around four segments: Belgium, United Kingdom, Continental Europe and Asia and served through a combination of wholly owned subsidiaries and partnerships with strong financial institutions and key distributors around the world. Ageas operates successful partnerships in Belgium, the UK, Luxembourg, Italy, Portugal, Turkey, China, Malaysia, India, Thailand, the Philippines and Vietnam and has subsidiaries in France, Portugal, Hong Kong and the UK. Ageas is the market leader in Belgium for individual life and employee benefits, as well as a leading Non-Life player through AG Insurance. In the UK, Ageas occupies the number 3 position in cars insured and has a strong presence in the over 50's market. Ageas employs more than 13,000 people in the consolidated entities and over 30,000 in the non-consolidated partnerships, and has reported annual inflows close to EUR 26 billion in 2014.