Biggest travel insurance companies of Belgium 2017-2021

In 2021, IPA - who are part of broader insurance group AXA - had a market share of just over 20 percent in the Belgian travel insurance market, named "Hulpverlening" (in Flemish Dutch) or "Assistance" (in French). 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 21.4 percent in 2020. AXA and KBC reached market shares of 12 percent and 10 percent respectively.