The collective agreement for the insurance sector was signed in February 2014. It is characterized by pay austerity and further flexibility, as well as a greater effort in terms of training and maintained early retirement scheme. The job security clause was extended beyond the duration of the agreement.
In Belgium, sectoral negotiations for 2013-14 started later than usual as a ‘true’ cross-industry agreement couldn’t be reached. Indeed, sectoral agreements are supposed to take into consideration the basis negotiated at cross-industry level. In the insurance industry, a sectoral agreement was signed at the joint committee meeting of February 13, 2014, which will run between January 1, 2013 and December 31, 2014 – except for some provisions that will be in force longer.
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