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List of the top 10 best and biggest insurance companies in Belgium
First, most of the biggest insurance firms in Belgium today are the health and car insurance companies. Certainly, this is because the majority of the insurance covers are necessary for Belgians. For example, health, home, car, and private life insurance. As of today, Healthcare Insurance is compulsory for all residents in Belgium.
Secondly, choosing an insurance company to insure yourself or even property can be challenging, especially when there is an increased number of insurance companies in the market. In the Belgian insurance market, it holds approximately 21% of active companies. Today, we shall share with you a list of the top 10 best insurance companies in Belgium for the year 2023
Currently, you will need to pay a membership fee (also called "lidgeld") which is approximately €50 to 180 Euros per year. Inevitably, medical insurance costs in Belgium is done on a fee-for-service basis.
AG Insurance is now the best insurance company in Belgium. This is because it offers the best policy prices in consideration of the services offered compared to the different insurance firms in Belgium.
However, besides topping the list of the top 10 best insurance companies in Belgium, AG Insurance Company is considered the second biggest in non-life gross. AXA Belgium is the leading insurer when it comes to non-life insurance.
Belgium has one of the most advanced private healthcare systems in the world. However, it can be one of the most expensive packages as well!
As a non-native, you are expected to pay, in full, for any medical services you may need at a private facility whilst living or working in Belgium. Therefore, health insurance is crucial for any expatriates who would rather be financially prepared should they suddenly fall ill.
