Integrale

What Integrale does

Integrale is a Belgian insurance company founded in 1925 and headquartered in Liège, Belgium, that historically specialized in supplementary pension solutions under the Belgian insurance framework (Branches 21 and 23). Prior to the December 2021 portfolio transfer, the company served more than 5,000 corporate sponsor companies and approximately 150,000 individual affiliates, generating revenue primarily through life insurance premiums, investment returns on accumulated reserves, and fees on employer-sponsored pension arrangements distributed via a B2B2C model.

On December 15, 2021, Integrale SA executed a comprehensive divestiture by transferring all Branch 21 and 23 life insurance contracts, together with related co-insurance and reinsurance contracts, to Monument Assurance Belgium NV. Following this transfer, the entity operates under the trade name "Integrale - Monument Assurance Belgium" and its core customer-facing product is the MyMonument web application, through which former policyholders access policy information. A separate Integrale Investor Portal (integraleinvestors.be) remains active, providing information to investors in Integrale SA regarding their holdings. The business model has shifted from underwriting supplementary pensions to a residual servicing and investor relations posture.

Name

Integrale

Legal name

Integrale SA

Website

https://integrale.be

Company type

Private

Founded year

1925

Operating status

Operating

Headcount range

101–250 employees

Short description

Integrale is a Belgian insurance company founded in 1925 in Liège, historically specializing in supplementary pension solutions for over 5,000 corporate sponsors and 150,000 affiliates; following its 2021 Branch 21/23 portfolio transfer to Monument Assurance Belgium, it now operates in a residual servicing capacity.

Ownership category

akta.pro rank

Product category

Life Insurance

NAICS

Agencies, Brokerages, and Other Insurance Related Activities (5242), Other Insurance Related Activities (52429)

SIC

Life Insurance (6311), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Annuities & Investment-Linked Insurance Solutions (Retail) (FSAAAAAM)

akta.pro secondary industry

Annuity & Insurance-Based Retirement Solutions Advisory (FSAEABAH)

Keywords

• Life insurance
• Supplementary pensions
• Group pension schemes
• Belgian insurance
• Insurance portfolio transfer

Headquarters

HQ city

Liège

HQ country

Belgium

HQ region

Europe

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Core offering

Integrale SA was a Belgian life insurance company focused on supplementary pension solutions under insurance Branches 21 and 23, serving more than 5,000 companies and 150,000 affiliates. On December 15, 2021, all Branch 21 and 23 life insurance contracts and related co-insurance/reinsurance contracts were transferred to Monument Assurance Belgium NV, and the current Integrale SA website operates as an informational redirect serving former policyholders and a residual investor portal.

Product overview

Integrale is a Belgian insurance company that underwent a major portfolio transfer in December 2021. Its life insurance contracts (Branches 21 and 23) and related co-insurance/reinsurance contracts were transferred to Monument Assurance Belgium NV. The company's customer-facing MyMonument application allows policyholders to access their portfolio information, while a separate investor portal serves Integrale SA investors.

Differentiator

Problem solved

Functional benefit

Products and services

• Integrale Investor Portal Investor information portal serving Integrale SA investors with supplementary information about their investments following the 2021 life insurance portfolio transfer to Monument Assurance Belgium NV.
• Branch 21 and Branch 23 life insurance contracts (historical) Belgian life insurance contracts under Branches 21 (guaranteed-return life insurance) and 23 (unit-linked life insurance), historically distributed through group supplementary pension schemes for corporate clients and their affiliates; portfolio now sits with Monument Assurance Belgium NV.

Segments1 record

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Monument Assurance Belgium NVcoreStrategic or Co-development Partner · 15 December 2021On December 15, 2021, Integrale SA transferred all of its life insurance contracts under Branches 21 and 23, along with related co-insurance and reinsurance contracts, to Monument Assurance Belgium NV. This represents a complete portfolio transfer of the life insurance business.

Recent moves4 records

Expansion highlights2 records

Direct peers

• Vivium: Belgian insurance company specializing in group life, group pensions, and supplementary social security for employees. Directly comparable to Integrale's focus on employer-sponsored supplementary pension solutions.
• Ethias: Belgian mutual insurance company providing life insurance, group pensions, and accident & health products. Competes in the same supplementary pension and group insurance market as Integrale.
• Belfius Insurance: Belgian bancassurer offering life insurance and pension savings products through banking distribution. Directly competes with Integrale in employer-sponsored retirement and individual Branch 21/23-style products.
• Baloise Belgium: Belgian subsidiary of the Baloise Group offering life insurance and pension solutions. Operates directly in Belgium's Branch 21 and 23-equivalent product categories, competing with Integrale for corporate pension clients.
• AG Insurance: One of Belgium's largest insurance carriers offering life insurance, group pensions, and unit-linked products (Branches 21/23 equivalents). Directly competes with Integrale in the Belgian supplementary pension market for corporate clients.
• AXA Belgium: Major Belgian subsidiary of AXA providing life insurance, group retirement, and investment-linked savings products. Competes directly with Integrale in supplementary pension solutions for Belgian employers.
• Patronale Life: Belgian life insurer focused on group life and pension solutions for SMEs and corporate clients. Specializes in the same supplementary pension niche as Integrale, serving Belgian employers.
• DVV (De Verzekeringen): Belgian insurance brand (part of Belfius) offering life insurance and pension savings products. Operates in the same Belgian retail and group pension market as Integrale.
• Monument Assurance Belgium: Belgian life insurance carrier that absorbed Integrale's Branches 21 and 23 portfolio in December 2021. Now operates under the 'Integrale - Monument Assurance Belgium' brand, making it the most direct functional peer as the inheritor of Integrale's life insurance business.
• NN Belgium: Belgian subsidiary of NN Group offering life insurance and pension products. Competes in the Belgian supplementary pension and Branch 21/23-equivalent markets.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/integrale-sa-nv

Revenue estimate

Valuation estimate

Number of profiles

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 Integrale