Ageas invests in intermediated channel with two new directors of distribution
New faces to replace the insurer's retiring distribution and development director
Ageas: Everything you need to know
Founded: 1824
Employees: 40,000 (4,000 on the UK team)
Specialties: Personal and commercial lines insurance
UK headquarters: Eastleigh, Hampshire
Award-winning international insurer, Ageas, was founded almost 200 years ago and is now one of Europe’s top 20 insurance companies. Ageas is the chosen insurer of millions of people throughout the world and provides assistance to motorists, households and businesses across the UK every day. According to the ABI General Insurance Company Rankings 2018, Ageas is the sixth-largest private car insurer and sixth-largest home insurer in the UK.
Ageas emphasises the experience of its customer base and, when making a claim, clients can speak to a human 24 hours a day, 365 days a year. The company has been widely recognised for its cover and its customer service and has won a Gold Standard Insurance Award every year for the last nine years.
The history of Ageas
Founded as AG Insurance in 1824, Ageas began its journey as a life insurer and quickly expanded its cover and products. In 1939, Ageas formed as Bishopgate in the UK and expanded its business through brokers, buying its first independent brand, Rias, in 1997. Through Rias, Ageas offered affordable car, home and travel insurance.
In 2000, Ageas bought Northern Star and became Fortis Insurance, strengthening its UK presence through broker distribution and high-profile brand partnerships. Fortis was renamed Ageas in 2010 and Ageas began offering its products directly to customers in 2018.
Corporate and social responsibility
When discussing the role of CSR, CRO of Ageas, Emmanuel Van Grimbergen, said: “We believe that a strong culture of corporate governance and ethical behaviour is fundamental to the way we do business.”
Ageas aims to actively engage with its employees to create an exceptional company culture and work environment and to enable all employees to achieve their personal ambitions. The organisation aims to create a home ground in every market in which it establishes itself, and believes that, as an international insurer, it has a duty of responsibility towards every stakeholder.
‘Responsible Entrepreneurship’ at Ageas is about creating sustainable solutions for the issues that arise for employees and local communities and about helping to create new opportunities for people to flourish within the organisation.
Community is at the heart of Ageas’s CSR achievements and Ageas employees are encouraged to get involved at the very centre of their local communities. Ageas has a long tradition of supporting charity and its charity partnership of 2018/19 was with Hospice UK, the national charity for hospice care. This partnership meant Ageas supported Hospice UK though fundraising and volunteering opportunities.
Ageas also support local education and offers work experience placements in its offices as well as visiting students, to help prepare them for the workplace and to offer them advice on careers available within the insurance sector.
Ageas’s Employee Forum representatives consult with the senior management team and give employees advice, guidance and support as required. Ageas supports open communication when it comes to company feedback and encourages employees to help create an open and honest environment.
Key values at Ageas
Core values which Ageas values in employees across every level of the organisation include:
Top news from Ageas
New faces to replace the insurer's retiring distribution and development director
New four-year contract signed
Find out what's next, his biggest regret and what he thinks of the broker market
Find out if your colleagues or company made the list for the prestigious awards ceremony
Successor yet to be announced
It bucks the trend with one-off Ogden rate benefit
New appointment will have responsibility for risk, compliance, and legal
Those who come onboard will work on the Autonet brand
Move became effective on July 05
It is poised to enter final negotiations on terms of a purchase