Top 10 Largest Insurance Companies in Belgium 2022

Top 10 best insurance companies in Belgium 2022

Top 10 best and largest insurance companies in Belgium in 2022. How many insurance companies are there in Belgium?

Today, health and car insurance companies are not only the best but the largest insurance companies in Belgium. Inevitably, this is because the majority of the insurance covers are crucial in Belgium. For example, Healthcare Insurance is mandatory for all residents in Belgium.

Currently, we have 105 insurance companies in Belgium as of 2022 today. As a result, selecting an insurance company to underwrite yourself or even property can be challenging. In this article, we shall share with you a list of the top 10 best insurance companies in Belgium in 2022 today.

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The best Insurance Company in Belgium 2022

AG Insurance is the best insurance company in Belgium in 2022 right now. This is because it delivers the best policy prices in consideration of the services offered as compared to other insurance firms in Belgium.

However, besides capping the list of the top 10 best insurance companies in Belgium, AG Insurance Company is considered as the second biggest in non-life gross. Certainly, AXA Belgium is the leading insurer when it comes to non-life insurance.

How much does insurance cost in Belgium?

According to Sociale Verzekeringsbank, you will need to pay a membership fee (also called “lidgeld”) which is approximately 49 Euros to 180 Euros per year. Necessarily, medical insurance tariffs in Belgium is done on a fee-for-service basis.

Also Read:  Top 10 Car Insurance Companies in Belgium in 2022

In summary, below is a list of the top 10 best and largest insurance companies in Belgium for the year 2022. Have a look at the list beneath from our most recent findings and recommendations.

Top 10 Largest Insurance Companies in Belgium 2022

  1. AG Insurance. It is the best life insurance and non-life insurance company in Belgium in 2022 with a market share of 21.4% right now.
  2. AXA Insurance Company, Belgium. It is the second-best insurance company in Belgium that offers non-life gross insurance. 12.3% of the market share.
  3. KBC Insurance, Belgium. 9.9% Market share.
  4. Ethias’ insurance company, Belgium. Market share: 9.4%.
  5. Baloise Insurance Company, Belgium. Market Share: 6.8%.
  6. Belfius Insurance Company, Belgium. Market Share: 6%
  7. P &V Assurances. Market Share: 5.9%
  8. Allianz insurance, Belgium. Market Share 5.7%.
  9. NN Insurance Company Belgium. Market Share: 3.9%.
  10. ERGO-DKV-DAS. Market Share: 3.5%.
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Conclusion

According to the list above, AG Insurance is still the biggest and the best insurance company in Belgium in 2022 right now. Lastly, it’s good to note that the list above is the most reliable, current, and the best for you if you are looking for the best insurance services in the country.

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