Concordia

What Concordia does

Concordia N.V. is a Belgian independent insurance broker founded in 1960, headquartered in Gent, and operating five offices across Belgium (Gent, Antwerp, Brussels, Evere near NATO, and Ostend). The firm is wholly owned by Germany's Ecclesia Group, founded in 1909 and generating approximately €2.4 billion in revenue across 2,300+ employees, and is also part of the Specialist Risk Group international broker network. Concordia serves five distinct customer segments: corporations and enterprises (SMEs through corporate), international companies and expatriate groups (5–10,000 members), private individuals, self-employed and liberal professions (notably physicians), and affinity/federation/sports organizations. The company's value proposition emphasizes independence, multilingual service in Dutch/French/English, FSMA-regulated broker status (registration 22714 A), and specialized expertise in the Belgian medical/healthcare sector reinforced by the 2026 acquisitions of Protectas and Veca Life.

Concordia's offering spans both insurance distribution and higher-margin advisory services. Core products include Risk Management consulting, Employee Benefits Consulting, Insurance 2nd Opinions, and M&A Insurance Risk Surveys on the advisory side, alongside full-line insurance brokerage across corporate, individual, self-employed, international/expat, and affinity segments. The firm does not operate proprietary technology platforms; it uses standard industry software supplemented by internally developed operational tools and offers no public API or self-serve digital product. Distribution is anchored in physical offices staffed by experienced account managers, supported by an online document center, multilingual website, and email/newsletter communications.

The business model relies on two revenue streams: recurring commission embedded in client insurance premiums across multiple carriers (the primary stream), and fee-based advisory services for clients under insurance management contracts. Pricing is not publicly disclosed and is tailored to individual client risk profiles. Go-to-market is relationship-driven enterprise field sales augmented by inside sales via phone, email, and website-initiated appointments, with cross-border reach delivered through the Ecclesia Group and SRG networks in Germany, the Netherlands, Austria, Italy, Poland, and other European jurisdictions.

Name

Concordia

Legal name

Concordia N.V.

Website

https://concordia.be

Company type

Private

Founded year

1960

Operating status

Operating

Headcount range

101–250 employees

Short description

Concordia is a Belgian independent insurance broker founded in 1960, serving corporations, multinationals, private individuals, self-employed professionals, and affinity groups via five offices across Belgium, operating as a subsidiary of Germany's Ecclesia Group and member of the Specialist Risk Group.

Ownership category

akta.pro rank

Product category

Insurance Brokerage

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Insurance Agencies and Brokerages (52421), Insurance Agencies and Brokerages (524210)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Specialty Insurance Brokerage (Marine, Aviation, Cyber, Professional Lines) (FSAEADAJ)

Keywords

• Independent insurance brokerage
• Corporate insurance solutions
• Risk management consulting
• Employee benefits advisory
• International expat insurance

Headquarters

HQ city

Ghent

HQ country

Belgium

HQ region

Europe

Offices5 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D

Revenue model

1. Insurance Brokerage Commission: Concordia receives commission from insurance companies as part of the premium that clients pay. The company also receives compensation tied to the insurance portfolio held at specific insurance companies or for additional tasks performed by Concordia.
2. Fee-based Advisory Services: For certain clients with insurance management contracts, Concordia provides services on a fee basis rather than commission.

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Concordia is an independent Belgian insurance broker that intermediates and advises on insurance coverage from multiple carriers for SMEs, multinationals, private individuals, and self-employed professionals. The firm complements insurance placement with consulting services including risk management, employee benefits advisory, insurance second opinions, and M&A risk surveys, operating from five offices across Belgium as part of the Ecclesia Group and Specialist Risk Group networks.

Product overview

Concordia is an independent insurance broker since 1960, operating as a one-stop-shop for all insurance needs. The company offers a portfolio of consulting services (Risk Management, Employee Benefits Consulting, Insurance 2nd Opinions, and Insurance Risk Surveys for M&A) alongside comprehensive insurance coverage across multiple segments including corporate, individual, self-employed professionals, international/expat solutions, and affinity/federation programs. The company is part of the Specialist Risk Group (SRG) and joined the Ecclesia Group in 2016.

Differentiator

Problem solved

Functional benefit

Products and services

• Risk Management Professional risk identification, analysis, and evaluation services helping businesses prepare for future risks, including property risk consulting, financial advice for business interruption, technical claims assistance, prevention measures implementation, and business continuity planning with captive solutions.
• Employee Benefits Consulting Advisory service to improve organizational performance and attract/retain talent through customized employee benefits plans, including research, benchmarking, needs analysis, implementation guidance, employee communication, and administrative management.
• Insurance 2nd Opinions Objective, unbiased expert consultation on existing or proposed insurance solutions, helping clients understand and identify risks, analyze current offerings, and develop alternative risk management approaches.
• Insurance Risk Surveys (M&A's) Comprehensive risk assessment service for mergers and acquisitions, including objective description of current policies, evaluation of insurance programs and insurers, site visits, non-insured risk identification, and future cost estimation.
• Corporate Insurance Insurance solutions for SMEs, middle-market, and corporate clients in construction and real estate covering occupational accidents, liability, cyber risks, pensions, group insurance, legal assistance, contractor all risks, decennial insurance, and property coverage.
• Individual Insurance Personal insurance coverage for individuals including fire insurance, tenant liability, civil liability, family insurance, domestic help insurance, hospitalization, assistance insurance, car insurance, and life insurance.
• Self-Employed and Liberal Professions Insurance Specialized insurance solutions for self-employed professionals and liberal professions covering assets, liability, health, home, auto, and pension products (2nd and 3rd pillar).
• International/Expat Insurance Solutions Insurance programs for expatriates, multinationals, NGOs, and government agencies with 5-10,000 members abroad, including healthcare products, fire insurance, auto insurance, expat group plans, and international group pensions.
• Affinity, Federations and Sports Insurance Group insurance programs offering better coverage at lower premiums for sports and professional federations, including balance sheet protection, player benefits, federation insurance, event insurance, and total insurance packages.

Named customers2 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Ten partnerships are on record, tiered core and minor.

• Ecclesia GroupcoreStrategic or Co-development Partner · 1 January 2016Concordia joined the Ecclesia Group in 2016 to offer better international support. Ecclesia Group was founded in 1909, is one of the leading insurance brokers in Germany and Europe with turnover exceeding 2.4 billion euros and over 2,300 employees. Has international offices in Austria, Belgium, Italy, Netherlands, Turkey, Germany, and Spain.
• Specialist Risk Group (SRG)coreStrategic or Co-development PartnerConcordia is part of the Specialist Risk Group (SRG), an international insurance broker group. The acquisition of Protectas and Veca Life was announced as part of SRG's growth strategy to build strong, specialized platforms in Europe.
• Protectas (Brussel)minorOthersAcquired insurance broker with over 40 years of experience and strong expertise in niche markets including the healthcare sector.
• Veca Life (Tielt)minorOthersAcquired broker specializing in Life & Benefits advisory services for physicians, having built a strong reputation within this segment.
• Je MakelaarminorOthersPartner insurance broker network in Belgium.
• VerzekerJeminorGTM or Marketing PartnerOnline insurance platform partner. Concordia plants a tree for each policy taken out via this platform.
• Unison SteadfastminorOthersInternational network partner for insurance and risk solutions.
• GBN (Global Broker Network)minorOthersInternational insurance broker network providing global reach for clients.
• AttentiaminorChannel Partner/ Reseller/ DistributorHR and wellness services partner, co-located at Brussels office location.
• Villa RozeroodminorOthersCharitable organization Concordia supports through employee volunteering. Employees visit every three months to help with gardening, painting, cooking, cleaning, and organizing activities for children.

Scale indicators4 records

Recent moves8 records

Expansion highlights5 records

Broad incumbents

• Willis Towers Watson Belgium: Global broker with Belgian presence competing in commercial insurance, risk advisory, and employee benefits. Targets similar mid-market and large corporate clients as Concordia.
• Aon Belgium: Belgian operations of global broker Aon. Offers commercial brokerage, risk management, and employee benefits consulting, directly competing with Concordia's full-service offering to Belgian corporates.
• Arthur J. Gallagher Belgium: Global insurance broker with Belgian operations competing on commercial P&C, employee benefits, and risk management for mid-sized and enterprise clients, including affinity/sports programs.
• Marsh Belgium: Belgian arm of Marsh McLennan, one of the world's largest insurance brokers. Competes with Concordia for mid-market and corporate clients in Belgium, particularly on risk management and multinational programs.

Direct peers

• Howden (Belgium / Specialist Risk Group peers): Specialist insurance broker with a strong European footprint and growing presence in Belgium. Sister firms within Specialist Risk Group are direct comparables in model and target client.
• BDO Belgium Insurance Brokers: Belgian insurance brokerage affiliated with the BDO accounting network, providing commercial insurance and risk advisory to mid-market clients — overlapping Concordia's SME and middle-market focus.
• Vanbreda Risk & Benefits: Large Belgian independent insurance broker specializing in employee benefits, healthcare, and international programs for corporates and expats. Direct competitor in the Belgian market with overlapping segments including multinationals, healthcare, and affinity groups.
• Willemot Group: Belgian independent insurance broker with regional offices serving SMEs, corporates, and affinity groups across Belgium — directly comparable in size, model, and segment focus.

Emerging players

• Knip: Belgian digital insurance broker / comparison platform. Represents the InsurTech disruption threat to traditional brokers like Concordia, particularly for SME and individual lines where digital distribution is gaining share.

Regional players

• Bastion Brokers: Netherlands-headquartered independent insurance broker specializing in healthcare, life & benefits, and complex corporate risks — adjacent peer serving Benelux healthcare vertical with similar specialty expertise to Concordia.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/concordianv
• LinkedInlinkedin.com/company/concordia-nv

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Concordia