IC Verzekeringen - CI Assurances

What IC Verzekeringen - CI Assurances does

IC Verzekeringen NV / CI Assurances SA is an independent insurance brokerage group headquartered in Brussels, Belgium, exclusively focused on the social profit (non-profit) sector. The company intermediates tailored insurance policies between Belgian non-profit organizations and insurance carriers, organized around five client verticals: Youth & Education, Healthcare & Well-being, Religion, Non-Marchand (ASBLs/VZWs, sports groups, protected workshops), and the Public Sector. Coverage is typically extended beyond legal minimums, and the firm also supports clients in Belgian public procurement procedures for insurance tenders (mandatory above €30,000) and manages claims up to defined thresholds as an authorized agent of insurance companies.

The group operates through multiple retained brands: IC Verzekeringen in Dutch-speaking Belgium, CI Assurances in French-speaking Belgium, Adesio Assurances across Brussels and Wallonia (acquired 2022), and IDH Inspection du Hainaut in Hainaut (acquired 2020). The company uses two client portals (icci-portal.be for SeGEC clients; mybroker.be for Adesio/non-SeGEC clients) for policy management and claims submission; no proprietary AI/ML platform, public API, or technology product is described. The business is relationship-driven, distributed via direct advisory field sales and partnerships with purchasing cooperatives (aankoopcentrales) that organize collective insurance procurement.

IC Verzekeringen is wholly owned by Ecclesia Groep, a major German insurance broker (€3 billion in annual placed premiums, 2,300+ employees), following Ecclesia's 2024 buyout of the minority Interdiocesaan Centrum stake. In 2024, Ecclesia integrated its Belgian and Dutch operations, including IC Verzekeringen, into the UK-based Specialist Risk Group (SRG), whose majority shareholders are Warburg Pincus and Temasek. The company reported €15.8 million in turnover and 90 employees on its homepage. A November 2023 partnership with Eye Security extends the offering into cyber risk prevention and response, a service line born from the firm's own December 2019 ransomware experience.

Name

IC Verzekeringen - CI Assurances

Legal name

CI Assurances SA

Website

https://icci.insure

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

51–100 employees

Short description

IC Verzekeringen / CI Assurances is an independent Belgian insurance broker specializing exclusively in the social profit sector, intermediating tailored policies and claims management for schools, healthcare, religious, non-profit, and public-sector organizations across Belgium under a multi-brand group owned by Ecclesia Groep and integrated into SRG.

Ownership category

akta.pro rank

Product category

Insurance Brokerage (Social Profit Sector)

NAICS

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

• Insurance brokerage
• Nonprofit sector insurance
• Claims management services
• Risk analysis consulting
• Public procurement advisory

Headquarters

HQ city

Brussels

HQ country

Belgium

HQ region

Europe

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance Intermediation / Brokerage Commission: CI Assurances / IC Verzekeringen acts as an independent insurance broker intermediating between social profit organizations and insurance companies. The company receives commissions from insurance companies, included within the premiums paid by clients. Additionally, management fee arrangements exist with some clients who pay the company directly for services, in which case the company waives the commission embedded in the insurance premium.
2. Claims Management Services (As Agent): Up to certain thresholds, the company handles claims administration as an authorized agent of insurance companies, managing the settlement process on behalf of insurers for social profit sector clients.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels7 records

Core offering

IC Verzekeringen / CI Assurances is an independent Belgian insurance broker that designs, negotiates, and manages insurance solutions and risk coverage for organizations in the social profit and non-profit sector. Its offering combines advisory brokerage, claims management, public procurement support, and risk analysis, delivered through the proprietary Adesio digital platform.

Product overview

IC Verzekeringen - CI Assurances operates as a unified insurance brokerage group under the Specialist Risk Group (SRG) umbrella, offering its services through two core brands: IC Verzekeringen (Dutch-speaking Belgium) and CI Assurances (French-speaking Belgium). The portfolio includes sub-brands Adesio Assurances (covering Brussels and Wallonia) and the acquired brand IDH Inspection du Hainaut (Tournai). The company provides insurance brokerage services specifically for the social profit sector, organized around target client groups (schools, healthcare facilities, religious institutions, non-profits, public sector) rather than traditional insurance branches. Core services include risk analysis, policy intermediation, claims management, and public procurement support, supplemented by a cybersecurity partnership with Eye Security for cyber risk protection.

Differentiator

Problem solved

Functional benefit

Products and services

• Insurance Brokerage (IC Verzekeringen / CI Assurances) Independent insurance brokerage designing and negotiating insurance solutions for Belgian non-profit and social-profit organizations, covering multi-line insurance needs across the associative sector.
• Adesio Digital Insurance Platform Proprietary digital platform enabling organizations to manage their insurance portfolio, contracts, and risks online, providing a centralized view of coverages and incidents for social-profit clients.
• Claims Management Service End-to-end handling and follow-up of insurance claims on behalf of clients, providing dedicated support throughout the claims lifecycle for non-profit and associative organizations.
• Risk Analysis Advisory Advisory service identifying, evaluating, and prioritizing the insurance and risk-management needs of client organizations in the social-profit sector.
• Public Procurement Advisory Advisory service supporting clients in responding to public procurement requirements and structuring insurance for subsidized or publicly commissioned services.

Quantifiable outcome

• Market leader position in Belgian social profit insurance sector
• +3 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Eye SecuritycoreStrategic or Co-development Partner · 14 November 2023IC Verzekeringen entered a strategic partnership with Eye Security, a cybersecurity specialist, to strengthen cyber risk protection for social profit organizations. Eye Security provides protection solutions and rapid incident response in case of cyberattacks. IC Verzekeringen can now offer complementary incident prevention and response services alongside its insurance products, helping clients meet security requirements needed for cyber insurance coverage. The partnership arose from IC Verzekeringen's own experience with a ransomware attack in December 2019.
• Adesio Assurances asblcoreStrategic or Co-development Partner · 1 April 2022IC Verzekeringen acquired the activities of Adesio Assurances asbl, a broker specialized in non-profit sector insurance with over 60 years of experience. Adasio operated in Brussels (partially) and all of Wallonia under the Adesio Assurances brand. The acquisition, effective 1 April 2022, added 13 employees and strengthened IC Verzekeringen's presence in French-speaking Belgium.
• IDH – Inspection du HainautcoreStrategic or Co-development Partner · 1 August 2020IC Verzekeringen acquired the insurance activities of IDH – Inspection du Hainaut from the Diocese of Tournai, effective 1 August 2020. IDH was a broker specialized in insurance for Christian and non-profit institutions for over 50 years, serving schools, church factories, healthcare institutions, care homes, ASBLs, and sports groups. The acquisition added 5 employees in Tournai, and IDH retained its name, identity, and local presence.
• Various Purchasing Cooperatives (Aankoopcentrales)minorChannel Partner/ Reseller/ DistributorIC Verzekeringen partners with multiple purchasing cooperatives that organize collective insurance procurement for groups of non-profit organizations in Belgium. These cooperatives rely on IC Verzekeringen's sector expertise and broker services to structure and execute insurance tenders for their members.

Scale indicators5 records

Recent moves10 records

Expansion highlights5 records

Direct peers

• Vanbreda Risk & Benefits: Belgian insurance broker (part of international Risk & Benefits group) specializing in employee benefits and corporate insurance. Closest Belgian-headquartered broker peer with overlapping advisory-led model and similar institutional client focus.
• Ecclesia Groep: German parent of IC Verzekeringen and one of Europe's largest specialty insurance brokers for social institutions (churches, healthcare, social economy). Operates the same niche playbook in the German market, making it the closest direct comparable for the Belgian entity.

Broad incumbents

• Lockton: World's largest independent insurance broker with strong European specialty operations. Relevant comparable for niche/specialty broker business models and for M&A-driven international growth strategies.
• Howden Group: London-based specialty insurance broker with European operations placing complex and niche risks. Closely comparable to the SRG platform in specialty focus, and a relevant peer for parent-level benchmarking.
• Aon Belgium: Global insurance and reinsurance brokerage with a Belgian presence serving large corporates and institutions. Overlaps with IC Verzekeringen in advisory brokerage and risk placement, though at much broader scope and scale.
• Willis Towers Watson Belgium: Global advisory, broking, and solutions company with Belgian operations serving risk management and insurance brokerage clients. Comparable in brokerage and risk advisory capabilities, particularly for larger institutional accounts.
• Marsh Belgium: Global insurance broker and risk advisor operating in Belgium, competing for large institutional and corporate mandates. Direct functional overlap in risk advisory, placement, and claims advocacy, though focused on broader commercial lines.

Regional players

• Verlingue: France-headquartered corporate insurance broker with Benelux operations (including Belgium). Comparable mid-market brokerage model and cross-border ambitions relevant to SRG expansion plans.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@icverzekeringen-ciassurances
• Facebookfacebook.com/IC.Verzekeringen
• LinkedInlinkedin.com/company/ic-verzekeringen

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 IC Verzekeringen - CI Assurances