Biggest travel insurance companies of Belgium 2017-2019

In 2019, Europe Assistance (Belgium) had a market share of just over 21.4 percent in travel insurance, or the "Hulpverlening" (in Flemish Dutch) or "Assistance" (in French) insurance branch.

Travel insurance in Belgium is part of a much larger branch: BOAR (an abbreviation of Brand, Ongevallen en Allerlei Risico's in Flemish Dutch) or IARD (Incendie, Accidents et Risques Divers in French). This is a collection of many different insurances, such as car or any motor vehicle insurance, home contents insurance and occupational disability insurance. When it comes to insurance overall, AG Insurance was the largest active company on the Belgian insurance market. This company reached an overall market share of around 22.7 percent in 2019. AXA and KBC reached market share of 12 percent and nine percent respectively.

Market share of travel insurance companies in Belgium from 2017 to 2019

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Source

Release date

July 2020

Region

Belgium, Europe

Survey time period

2017 to 2019

Supplementary notes

The numbers provided are on "individual enterprises", instead of "economic groups". This matters in the case of, for example, AXA, as this group has two enterprises that offer travel insurance.
Data prior to 2018 taken from previous reports.

* Values not provided by the source prior to 2019.
** Value not provided by the source for 2019.

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Statistics on "Insurance industry in the Benelux"

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