Ageas
International insurance group
Ageas
| Type | Public |
|---|---|
| Traded as | Euronext: AGS |
| Key people | Bart De Smet (Chairman), Hans De Cuyper (CEO) |
| Industry | Insurance |
| Products | Life insurance, Non-life insurance, Pensions, Asset management |
| Revenue | €11.1 billion (2020) |
| Net income | €1.14 billion (2020) |
| Assets | €103.5 billion (2020) |
| Employees | 45,000 (2020) |
| Website | [[ageas.com ageas.com] Official website] |
Ageas is an international insurance group with a history dating back to 1824. The company is headquartered in Brussels, Belgium, and operates in multiple countries across Europe and Asia. Ageas provides a wide range of insurance products, including life insurance, non-life insurance, pensions, and asset management services.
History
Ageas was originally established in 1824 as a Belgian insurance company. Over the years, it expanded its operations and underwent several mergers and acquisitions. In 1990, Ageas was formed through the merger of AG Group and AMEV/VSB Groep. The company was known as Fortis until 2010, when it rebranded to Ageas following the financial crisis of 2008.
Operations
Ageas operates in several key markets, including Belgium, the United Kingdom, Portugal, Turkey, China, Malaysia, India, and Thailand. The company offers a diverse portfolio of insurance products tailored to meet the needs of individuals, families, and businesses.
Belgium
In Belgium, Ageas operates under the brand name AG Insurance. It is one of the leading insurance providers in the country, offering a comprehensive range of life and non-life insurance products.
United Kingdom
In the United Kingdom, Ageas is a prominent player in the insurance market, providing car, home, and travel insurance. The company operates through various distribution channels, including brokers, partnerships, and direct sales.
Asia
Ageas has a significant presence in Asia, with operations in countries such as China, Malaysia, India, and Thailand. The company has formed joint ventures with local partners to leverage their market knowledge and distribution networks.
Products and Services
Ageas offers a wide range of insurance products and services, including:
The company focuses on providing innovative and customer-centric solutions to meet the evolving needs of its clients.
Corporate Social Responsibility
Ageas is committed to corporate social responsibility (CSR) and sustainability. The company actively engages in various initiatives aimed at promoting environmental sustainability, social welfare, and good governance. Ageas supports numerous community projects and encourages employee participation in volunteer activities.
See also
- Insurance
- Life insurance
- Non-life insurance
- Pensions
- Asset management
- Corporate social responsibility
References
External links
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Contributors: Prab R. Tumpati, MD
