Strategic partnerships Belfius Insurance is expanding through acquisitions and partnerships in insurtech and education infrastructure (Leocare, Insurlytech, Alan investment, Aikido Security partnership). This creates cross-sell opportunities for integrated cyber, health, and digital insurance solutions, as well as potential for enterprise risk management services with schools and public sector clients.

Public sector expansion Active involvement in financing and delivering large public-sector projects (Schools of Flanders) signals demand for property, casualty, and specialized insurance offerings for infrastructure, construction, and educational institutions, plus potential for long-term risk management and asset insurance services.

Digital and multi-channel A multichannel distribution approach combined with a tech stack including Power BI, SAP BO, Elastic, ServiceNow and SAP Ariba suggests readiness for advanced analytics, customer engagement platforms, and automated underwriting—opportunities to upsell data-driven, personalized L&H and non-life products to existing 1.4 million customers.

Cyber and security needs Recent partnership with Aikido Security and AI threat-focused security initiatives indicate growing demand for cyber insurance, risk assessments, and security governance offerings to protect bancassurance and corporate clients against sophisticated threats.

Cross-border growth Operations in Belgium and Luxembourg with expansion into Lisbon Technology & Operations hub and international partnerships create potential for tailored cross-border insurance products, re/insurance capacity, and enterprise risk solutions for multinational clients and cross-border institutions.