Belfius Insurance
Belfius Insurance SA/NV is a Belgian bank-insurer offering life and non-life insurance alongside banking products to retail, private wealth, business, corporate, and public/social sector clients in Belgium through branch, digital, and advisor channels.
- Company typePrivate
- Founded2012
- HeadquartersSint-joost-ten-node, Belgium
- Headcount1,001–5,000
- GTM typeB2B and B2C
- OfferingServices
What Belfius Insurance does
Belfius Insurance SA/NV is a Belgian bank-insurer headquartered in Sint-Joost-ten-node, Belgium, founded in 2012. The company operates as an integrated bank-insurer offering both life and non-life insurance products alongside banking services, serving retail customers, private and wealth clients, small and medium-sized businesses, large corporations, and public and social sector entities through dedicated business units.
The company's core offering spans banking products (savings, lending, payments, investment products) and insurance coverage (property and casualty, life, and health insurance). Its technology is built on a digital banking and insurance platform with online and mobile services. Belfius distributes its products through a multi-channel model combining a physical bank branch network, digital platforms, and financial advisors, all operating exclusively within Belgium. The company targets five primary segments: retail individuals, high-net-worth individuals requiring wealth management, SMEs, large corporations, and government/public/social institutions.
Belfius generates revenue through recurring streams from banking services (interest income from lending and deposits, fee income from financial services) and insurance premiums collected from retail and corporate clients. Pricing for insurance is quote-based and tailored to individual risk profiles rather than publicly disclosed. The company positions itself as a Belgian market leader with a strong regulatory standing, multi-channel distribution, and integrated bank-insurance model as its core competitive differentiator. Annual financial results, half-year results, and quarterly reports are published on a structured cadence, with results disclosed for 2022 through 2025.
Belfius Insurance firmographics
Firmographics- Name
- Belfius Insurance
- Legal name
- Belfius
- Website
- https://www.belfius-insurance.be
- Company type
- Private
- Founded year
- 2012
- Operating status
- Operating
- Headcount range
- 1,001–5,000 employees
- Short description
- Belfius Insurance SA/NV is a Belgian bank-insurer offering life and non-life insurance alongside banking products to retail, private wealth, business, corporate, and public/social sector clients in Belgium through branch, digital, and advisor channels.
- Ownership category
- akta.pro rank
Where Belfius Insurance is headquartered
LocationHeadquarters
- HQ city
- Sint-joost-ten-node
- HQ country
- Belgium
- HQ region
- Europe
Offices1 record
Markets served
Belfius Insurance business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- Banking Services: Interest income from lending activities and deposits, fee income from financial services
- Insurance Premiums: Property and casualty insurance, life insurance, and health insurance premiums collected from retail and corporate clients
Go-to-market motion1 record
Distribution channels3 records
Marketing channels3 records
Belfius Insurance product offering
Product offeringCore offering
Belfius Insurance SA/NV offers life and non-life insurance products for individuals, businesses, and public sector clients. Operating as part of an integrated Belgian bank-insurer, it distributes insurance coverage together with banking, savings, lending, and wealth management services through a branch network, digital platforms, and financial advisors.
Differentiator
Problem solved
Functional benefit
Products and services
- Belfius Insurance Insurance products and services offered by Belfius Insurance SA/NV, including life and non-life coverage for individuals, businesses, and public/social entities, distributed as part of an integrated Belgian bank-insurer serving retail, wealth, business, and public sector clients.
Companies that use Belfius Insurance
Customer profileSegments5 records
Ideal customer profiles5 records
Belfius Insurance technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Belfius Insurance partnerships and signals
Strategic signalScale indicators2 records
Recent moves5 records
Expansion highlights5 records
Belfius Insurance competitors and assessment
Company assessmentDirect peers
- AG Insurance: Major Belgian life and non-life insurer historically tied to Fortis bank distribution and now linked to Ageas — directly competes with Belfius Insurance in life, P&C, and group insurance products in Belgium.
- Ethias: Belgian mutual insurer active in life, non-life, and health insurance with strong public-sector and group-insurance business — competes directly with Belfius in Belgian public/social sector and corporate group schemes.
- Ageas: Belgian-headquartered international insurance group with a strong Belgian life and P&C franchise and bancassurance partnerships — directly comparable in product mix, distribution model, and home-market focus.
- BNP Paribas Fortis: The largest Belgian bank and part of BNP Paribas, with significant Belgian retail, SME, and corporate banking plus insurance distribution — directly comparable to Belfius in domestic banking scale and product breadth.
- KBC Group: Belgian bank-insurance group operating an integrated bancassurance model across retail, SME, and corporate clients in Belgium — the closest direct competitor to Belfius's integrated bank-insurer franchise in the home market.
Broad incumbents
- AXA Belgium: Belgian subsidiary of AXA, one of Europe's largest insurers, offering life, health, and P&C products — overlaps with Belfius Insurance across product lines but as part of a broader pan-European portfolio.
- NN Group: Dutch-headquartered international insurance and asset management group with life and pension products across Europe — comparable in bancassurance heritage and life-insurance focus but with broader geographic exposure than Belfius.
- ING Belgium: Belgian retail and wholesale banking arm of ING Group with insurance distribution partnerships — comparable in scale of Belgian banking operations but as a bank-led (not integrated insurer) competitor.
- Allianz Belgium: Belgian arm of Allianz, a global insurance leader, active across life, P&C, and asset management — comparable in product offering but operates as part of a much larger global insurer.
Regional players
- Baloise Group: Swiss-headquartered insurer with established Belgian and broader Benelux operations in life and non-life insurance — comparable in European mid-market insurance profile and Benelux presence, though headquartered outside Belfius's core Belgian market.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks4 records
Key highlights7 records
Customer concentration
Belfius Insurance social profiles
Digital presenceBelfius Insurance financial estimates
Financial estimateRevenue estimate
Valuation estimate
Belfius Insurance leadership team
Management profileNumber of profiles
Belfius Insurance funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Belfius Insurance M&A and investment
M&A and investmentM&A1 record
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Belfius Insurance
What does Belfius Insurance do?
Belfius Insurance SA/NV offers life and non-life insurance products for individuals, businesses, and public sector clients. Operating as part of an integrated Belgian bank-insurer, it distributes insurance coverage together with banking, savings, lending, and wealth management services through a branch network, digital platforms, and financial advisors.
When was Belfius Insurance founded?
Belfius Insurance was founded in 2012. It employs 1,001 to 5,000 people.
Where is Belfius Insurance based?
Belfius Insurance is headquartered in Sint-joost-ten-node, Belgium, in the Europe region.
How does Belfius Insurance make money?
Two revenue lines are on record. Banking Services are the primary driver. The others are insurance Premiums.
Who are Belfius Insurance's main competitors?
Direct peers on record are AG Insurance, Ethias, Ageas, BNP Paribas Fortis and KBC Group. Broad incumbents are AXA Belgium, NN Group, ING Belgium and Allianz Belgium. Baloise Group is listed as a regional player.
Does Belfius Insurance have an API?
No public API is recorded for Belfius Insurance.