2026 Insurance Salaries: What the Belgian Market Is Telling Us

08/01/2026 Back to all articles

After several years of transformation and regulatory adjustment, 2026 presents a paradox: salary levels have stabilised across much of the sector, yet behind this apparent calm, targeted shifts in demand and candidate behaviour are quietly reshaping the market. 

Belgian market snapshot: stability on the surface, shifts underneath 

Overall, compensation levels remain stable, a reflection of a conservative and cost-aware industry, still focused on optimising internal structures and managing operational risk. 

However, strategic roles in data, risk and compliance, IT and transformation are gaining traction, driven by regulatory complexity (IDD, DORA, ESG), technological upgrades, and evolving customer expectations. 

These pockets of demand create opportunities for professionals with high-value and hybrid skillsets, while the rest of the market remains largely flat. 

 

Candidates with contrasting behaviours

The talent market in insurance is becoming more polarised. On one end of the spectrum, senior and mid-level professionals, especially those currently employed, are displaying cautious behaviour. Engagement levels in hiring processes remain low, and many are reluctant to move, perceiving change as riskier than stability. 

On the other hand, candidates in operational or less specialised roles are actively seeking new opportunities but often struggle to find openings that match their profiles. The mismatch between available talent and market demand creates a clear imbalance, especially in a sector where upskilling is slow and internal mobility remains limited. 

How should insurance professionals position themselves?

To benefit from today’s conditions, candidates should consider: 

• Specialising in areas with sustained demand: regulatory compliance, risk, digital transformation 
• Developing hybrid skillsets: e.g. actuarial + data analytics, IT + insurance regulation 
• Being flexible: open to project-based, interim or transformation-related roles 

Compare your current salary with the Belgian market  :

Strategic transformation drives leadership hiring

Many insurers , both local and international, are realigning their leadership teams to prepare for deeper transformation. The need for strong digital leadership, change management, and regulatory expertise is pushing firms to revisit traditional org charts and rethink key roles. 

Notably, demand is growing for: 

• Chief Data Officers and CIOs to manage governance, automation and cybersecurity 
• CROs and CCOs with hands-on experience in regulatory environments (Solvency II, ESG) 
• Legal and actuarial leaders with the ability to influence business strategy 

These functions are commanding top-tier packages: €170K–250K+ depending on experience and company size. 

Outlook for the 2026 Belgian Insurance market

After 2025 being the Insurance sector’s pivotal year in Belgium, the mood is cautiously optimistic for 2026. Economic signals are stabilising across the Eurozone, and insurance providers are showing signs of renewed hiring interest, particularly for strategic and transformation-related functions. 

We expect: 

• A selective but visible rebound in recruitment, particularly for high-impact roles 
• An increase in passive candidate engagement, especially in senior management 
• A shift toward more transparent communication around career growth and development 

This will likely support a gradual reactivation of the insurance talent market, offering opportunities for those ready to engage with change. 

 

Practical Guide: Navigating the 2026 Belgian Insurance Market

For employers: 

• Adjust compensation in high-demand areas (compliance, IT, transformation) 
• Invest in non-monetary benefits: flexibility, mobility, professional development 
• Clarify internal career progression and upskilling paths 

For candidates: 

• Highlight specialised and transferable skills 
• Improve market visibility (LinkedIn, networking, recruitment partners) 
• Use up-to-date salary benchmarks to negotiate wisely 

The Belgian insurance industry in 2026 is advancing carefully but steadily. While salaries remain mostly flat, the market is quietly evolving with real opportunities emerging in leadership, regulatory, and digital roles. 

The challenge for both employers and professionals will be to adapt expectations, stay open to change, and seize targeted, strategic opportunities as they arise. 

Xavier Jacquet, Director and senior headhunter specialised in the insurance sector at Morgan Philips Belgium, supports leading insurers in their strategic and executive recruitment needs across Belgium.