Keylane expands into Belgium with Vereycken & Vereycken acquisition
Keylane is pleased to announce the acquisition of Vereycken & Vereycken, the leading life and pension software provider in Belgium. This acquisition marks a milestone in Keylane’s international growth journey and deepens our offering in one of Europe’s important life and pension markets.
Vereycken & Vereycken, headquartered in Kontich, brings more than 30 years of expertise and a strong reputation for delivering robust, compliant and scalable technology in highly regulated environments. Together, Keylane and Vereycken & Vereycken form an organisation of nearly 1,100 experts, serving nearly 550 pension and insurance customers across Europe, North America and Asia-Pacific.
Expanding Keylane’s technology footprint
The combination with Vereycken & Vereycken expands Keylane’s established technology footprint and deepens its offering in the Belgian market. Vereycken & Vereycken and Keylane share strong alignment in capability and culture, with both organisations recognised for delivering quality, robust, compliant and scalable technology in complex, highly regulated environments.
Vereycken & Vereycken will operate as a business unit within Keylane’s Life & Pension segment and will continue to focus on the Belgian market. Over time, the company will operate under the Keylane name. Vereycken & Vereycken’s UL3 platform will drive growth in the Belgian life and pension market, with Keylane committed to its continued development and support. Keylane will further enhance the platform by adding deep expertise and solutions in areas such as its AI product suite, sovereign cloud hosting, assurance and additional software modules.
Leon de Looff, Managing Director Life & Pension Northern Europe, said:
“We have long been an admirer of the expertise and achievements of Vereycken & Vereycken. They are a keystone of the Belgian life and pension industry and have achieved this by building deep partnerships and earning the trust of the high quality customers they serve. Together we will expand our offering in the Belgian market and boost the growth and capabilities of the UL3 platform.”
Luc Vereycken, CEO Vereycken & Vereycken, said:
“This marks an important next step for Vereycken & Vereycken on our growth journey. Joining Keylane strengthens our ability to deliver market-leading life and pension technology while continuing to operate with the focus on our customers value. Our commitment to providing excellent service and robust, future-ready solutions remains firmly in place, and we look forward to the opportunities this partnership will bring to our customers and colleagues.”
Both organisations share strong alignment in capability, culture and customer focus. By combining strengths, Keylane and Vereycken & Vereycken will accelerate innovation, enhance product depth and deliver even greater value to customers.
The acquisition is subject to Foreign Direct Investment approval and is expected to close in Q2 2026.
About Vereycken & Vereycken
Vereycken & Vereycken was founded in 1988 by Luc and Carl Vereycken. Since then, the company has grown into the benchmark in policy management systems for Belgian life insurers. The combination of in-depth insurance knowledge and a robust and innovative IT technical foundation was the key to its success. The UL3 software has meanwhile grown into a powerful platform in the sector, thanks to its advanced actuarial engine and the power of its leading workflow management system.
UL3 is a comprehensive system the delivers regulatory compliance as standard whilst supporting all types of life insurance: mortgage life insurance, savings and investment insurance, pension products and work disability coverage.