Insurance Sector News - Q1 2026
Welcome to the quarterly Ensurance Sector News, your way to dive into the world of insurance!
It has been a dynamic period with executive shifts, exciting developments across the insurance landscape, the first published annual reports unveiling 2025 results, discussions around AI's expanding role and the challenges of digitalization.
Join us as we explore the forces shaping the future of insurance, ensuring you stay informed and inspired.
Insurer's news
Let’s kick start by introducing the recently announced bold executive moves:
- Athora Belgium SA announces the appointment of Steven Braudo as the new CEO
Athora Belgium nomme Steven Braudo au poste de nouveau CEO | Athora Belgium
- Daniela Rizzo joins the management committee of NN Insurance Belgium (NN) as the new Chief Commercial Officer (CCO)
Daniela Rizzo proposée comme nouvelle CCO de l’assureur NN Insurance Belgium
First annual results are flowing in, marking a successful 2025:
- The AXA Group published their operating result for 2025
Résultats annuels 2025 - AXA Belgium & Luxembourg
- Belfius recorded a new record profit in 2025 compared to 2024
- KBC group announced its fourth-quarter and full-year 2025 results
- Ageas also had a positive net operating result
- Ethias will pay 138 million to its public shareholders after another record year
Ethias versera 138 millions à ses actionnaires publics après une nouvelle année record | L'Echo
Publications on last year’s performance also highlight an excellent year for insurance returns:
- Past performance is not a guarantee of future results, is the mantra for branch 23 products. Check out the Federale branch 23 performance for 2025
Fonds de la branche 23 de Fédérale Assurance : les rendements de 2025
- Branch 21 insurance combines the security of a guaranteed interest rate with potential additional returns.
Check out the AG branch 21 performance for 2025
2025 : une excellente année pour les rendements des assurances-vie de la branche 21 d’AG
And a point of attention caused by low interest rates:
- Rumbling is swelling in the private debt market as a consequence of low interest rates which make it challenging for insurers to generate an attractive return
'Private debt: de 'kakkerlakken' steken ook in 2026 de kop op'
Digitalisation
The AI hype in insurance doesn’t stop. In 2025, many insurers focused on exploration by testing use cases, establishing governance, and validating early pilots. While these efforts were not broadly scaled, they created clarity around where AI delivers value and how it can be integrated responsibly. That foundation now supports a new level of maturity.
- Financial institutions are increasingly deploying AI agents to handle customer-facing processes such as customer service, fraud detection, loan processing and underwriting
- Finance functions in Belgium’s insurance sector are rapidly evolving from traditional support roles into strategic partners, driven by automation, data analytics and AI adoption
https://www.pwc.be/en/news-publications/2025/insurance-finance-reinvented.html
- In 2026, insurers will be moving from AI readiness to AI reliance, embedding AI into core operations
2026: The Year AI Goes Operational in Insurance | Insurance Thought Leadership
Interesting read
- One Belgian out of three places mental health and sleep at the top of their resolutions for 2026. Consequently, insurers are placing an ever-increasing importance to their wellbeing offering
- Insightful publication of EIOPA explaining the current state and risks in the European insurance sector