Elitis Insurance

What Elitis Insurance does

Elitis Insurance SA is a privately held Belgian mandated insurance underwriter (souscripteur / gemachtigd onderschrijver) founded in 2009 and headquartered in Mont-Saint-Guibert, Belgium, regulated by the FSMA (registration 106150 A). The company designs and distributes niche multi-coverage insurance packages for specific Belgian professional sectors where standardized insurer products are inadequate, operating exclusively within Belgium (with concentration in Wallonia). Its core technology is an insurance underwriting platform supporting the iNéo product line, under which multiple coverage lines — fire, civil liability, legal protection, individual accident, business interruption, and sector-specific risks such as food poisoning liability, drunk-client liability, livestock mortality, and dairy tank damage — are combined into a single policy per sector.

Elitis's product portfolio spans nine solutions: HOTEL INSURANCE 2.0 and PACK RESTO 2.0 for the HoReCa sector; LODGE PROTECT for vacation gîtes; SERENITY SENIOR for retirement/senior care homes; PROTECT IMMO and OFFICE BUILDING for real estate; SECURENT for unpaid rent; INDIVIDUEL DÉCÈS for unexpected death cover; and AGRIPROTECT for agricultural operations (developed with the Fédération Wallonne de l'Agriculture). Several products were co-designed and labeled by professional federations, notably the HoReCa Federation and the FWA, which act as both product co-developers and referral channels to their members.

The business model is a sponsored underwriter / coverholder arrangement: Elitis holds subscription and management mandates from multiple first-tier Belgian insurance companies that carry the underlying risk on their balance sheets, while Elitis collects premiums through a deliberately restricted network of professional brokers (courtiers), designs products, performs risk prevention expertise at its own cost, and manages administration and claims. Premiums are negotiated collectively per sector (e.g., restaurants up to 50% cheaper and hotels up to 30% cheaper than standard market rates, per company claims), billed annually, and distributed only via the closed broker channel — no direct-to-consumer or digital distribution is used. No external investors, funding rounds, or parent company are disclosed.

Name

Elitis Insurance

Legal name

Elitis Insurance SA

Website

https://elitisinsurance.be

Company type

Private

Founded year

2009

Operating status

Operating

Headcount range

1–10 employees

Short description

Elitis Insurance SA is a Belgian mandated underwriter founded in 2009 that designs and distributes niche multi-coverage insurance packages — combining fire, liability, legal protection, and sector-specific risks into single policies — for Belgian professional sectors including hotels, restaurants, agriculture, real estate, senior care, and tourism, via a restricted broker network.

Ownership category

akta.pro rank

Headquarters

HQ city

Mont-saint-guibert

HQ country

Belgium

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance premiums: Elitis Insurance operates as a mandated underwriter (souscripteur) authorized by leading insurance companies. The company collects insurance premiums from policyholders through its broker network and earns underwriting commissions or fees from insurer partners for policy design, distribution, and claims management services.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Elitis Insurance is a Belgian mandated underwriter (souscripteur) that designs and distributes niche, multi-coverage insurance packages tailored to specific professional sectors including hospitality (hotels, restaurants), real estate (condominiums, office buildings), tourism accommodation (gîtes), senior care homes, and agriculture. Operating under subscription and management mandates from multiple top-tier insurance companies, the company co-designs its iNéo product line with professional federations and distributes exclusively through a restricted network of professional insurance brokers.

Product overview

Elitis Insurance is a Belgian underwriting company established in 2009 that develops niche insurance products for specific professional sectors. The company operates as a mandated underwriter (souscripteur) for major insurance companies, offering tailored multi-coverage insurance packages through the exclusive iNéo product line. The product portfolio includes: HOTEL INSURANCE 2.0 and PACK RESTO 2.0 for the HoReCa sector; LODGE PROTECT for holiday accommodations; SERENITY SENIOR for retirement homes; PROTECT IMMO and OFFICE BUILDING for real estate; SECURENT for unpaid rent guarantees; INDIVIDUEL DÉCÈS for unexpected death coverage; and AGRIPROTECT for agricultural operations. These products are designed as comprehensive packages that bundle multiple coverages into single contracts, developed in collaboration with professional federations and target group representatives.

Differentiator

Problem solved

Functional benefit

Brands

• iNéo: An exclusive range of innovative insurance products featuring multi-coverage packages tailored for professionals in the property sector (hotels, restaurants, vacation homes, care homes, apartment buildings).
• HOTEL INSURANCE 2.0
• PACK RESTO 2.0
• LODGE PROTECT
• SERENITY SENIOR
• PROTECT IMMO
• OFFICE BUILDING
• SECURENT
• AgriProtect
• Unexpected Death Cover

Products and services

• HOTEL INSURANCE 2.0 Comprehensive multi-coverage insurance package for hotels covering buildings, contents, business interruption, legal protection, and civil liability, developed in collaboration with hotel professionals.
• PACK RESTO 2.0 Comprehensive insurance solution for restaurants covering buildings, equipment, business interruption, and extended civil liability including food poisoning coverage, developed with the HoReCa Federation.
• LODGE PROTECT Global insurance solution for holiday gîtes covering buildings, garden contents, theft, vandalism, civil liability, loss of exploitation, and legal protection.
• SERENITY SENIOR Comprehensive insurance solution for retirement homes (séniories) covering buildings, equipment, residents' contents, legal protection, and extended civil liability including medical and paramedical coverage with repatriation assistance.
• PROTECT IMMO Insurance for co-ownership buildings and apartment complexes covering private and common areas, technical installations, civil liability, and legal protection for condominium associations and property managers.
• OFFICE BUILDING Insurance protecting office buildings for both owners and occupants, covering building contents, technical installations, and civil liability protection for third parties.
• SECURENT Unpaid rent insurance guaranteeing property owners payment of rents up to €3,000 per month for up to 12 months, covering rental charges and collection costs with legal protection.
• INDIVIDUEL DÉCÈS / UNEXPECTED DEATH COVER Unexpected death insurance covering 10 specific illnesses plus accidents, providing lump-sum capital payment to beneficiaries. Available up to age 79 with no medical acceptance required for capitals under €750,000.
• AGRIPROTECT Specialized agricultural insurance for Walloon farmers covering livestock mortality, dairy tanks, agricultural equipment, liability, and business interruption, with unique market coverages developed with the FWA.

Quantifiable outcome

• Hotels can save up to 30% on premiums compared to traditional insurer rates through negotiated sector pricing
• +1 more outcomes

Segments6 records

Ideal customer profiles5 records

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.

• Fédération Wallonne de l'Agriculture (FWA)coreStrategic or Co-development PartnerFWA collaborated with Elitis Insurance to develop AgriProtect, a specialized insurance solution for Walloon farmers. FWA, including its Insurance Commission, participated actively in the product's design, ensuring the coverage meets the specific needs of Walloon agricultural operations. FWA also distributes marketing materials for the product.
• Fédération HoReCacoreStrategic or Co-development PartnerElitis Insurance developed its restaurant insurance solution (PACK RESTO 2.0) in collaboration with the HoReCa Federation. The federation labeled the solution, signifying endorsement and co-development. This partnership ensures the product addresses the specific risks and needs of the restaurant and hotel sectors.
• Multiple Top-Tier Insurance CompaniescoreOthersElitis Insurance operates as a mandated underwriter holding subscription and management mandates from several first-tier insurers. These insurer partners support the risk and provide the financial backing for the niche insurance products designed by Elitis. The specific insurer names are listed in the partner companies section (downloadable document).
• Independent Professional Brokers (Courtiers)coreChannel Partner/ Reseller/ DistributorElitis Insurance works exclusively with a limited network of professional insurance brokers who distribute and administer the insurance products. The company deliberately restricts the number of brokers to ensure quality service for policyholders. Brokers receive product training and support from Elitis.

Scale indicators3 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Wakam: Paris-based digital MGA/insurtech that designs and distributes white-label and embedded insurance products on behalf of carrier partners. Closest structural peer to Elitis's mandated underwriter model: both act as product designers and distributors carrying underwriting authority delegated by carriers, with a focus on niche and partner-distributed products.
• DUAL Group: International specialty MGA platform (now part of Howden) that underwrites niche lines on behalf of capacity providers. Directly comparable to Elitis as a specialty MGA holding delegated authority from carriers and targeting underserved professional/niche risk categories.

Regional players

• Ethias: Belgian mutual insurer with deep public-sector and Belgian mid-market penetration, including property, motor, and personal lines. Comparable as a Belgium-rooted insurer serving domestic professional segments, though it competes across the broader market rather than Elitis's vertical-specialist approach.

Others

• ARAG SE: Germany-based international legal protection insurance specialist whose products overlap with the legal protection component embedded in Elitis's multi-coverage packages. Thematically related via legal-expense cover rather than a head-to-head competitor on Elitis's flagship commercial multi-risk lines.

Broad incumbents

• Beazley: Lloyd's-based specialty insurer organized around niche lines (marine, political, cyber, specialty liability). Comparable to Elitis in its commitment to under-tailored, sector-specific products, but operates with direct risk-bearing capacity and a global book.
• Tokio Marine HCC: Global specialty insurance group underwriting unusual and niche risks across multiple lines. Comparable to Elitis in pursuing hard-to-standardize professional and specialty risks, though at significantly larger scale and with direct carrier economics.
• QBE Insurance: Australia-headquartered specialty and commercial insurer with a sizeable European operations platform, focused on commercial and specialty lines including property, liability, and professional classes — overlapping Elitis's commercial multi-line approach but at global carrier scale.
• AG Insurance: One of Belgium's largest insurers, offering life, health, property, and casualty products to Belgian consumers and businesses. Comparable only in the sense that it is a major domestic carrier potentially capable of replicating Elitis's niche verticals, but it competes as a broad incumbent rather than a vertical specialist.
• Hiscox: Lloyd's heritage specialty insurer with a strong European footprint focused on tailored coverage for SMEs and professional sectors. Comparable niche/specialty commercial orientation to Elitis, but at vastly greater scale, direct underwriting balance sheet, and broader product breadth.
• Markel International: Specialty insurer within the Markel Group known for unusual and hard-to-place risks across professional, marine, and casualty lines. Compares to Elitis in its niche-underwriting philosophy, with greater geographic reach and direct risk-bearing.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

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 Elitis Insurance