The FGAO’s history

The Mandatory Third-Party Liability Insurance Guarantee Fund (FGAO)


The FGAO was established in 1951 to compensate victims of traffic accidents caused by uninsured or unidentified individuals.

Its missions and its jurisdiction have expanded over time. As such, FGAO teams now also intervene to take care of victims of accidents that occurred abroad. They also help owners of homes damaged by mining activity and, in the event of failure of national or European insurance companies, they compensate adversely affected individuals who have motor vehicle liability or decennial liability cover. Finally, the FGAO is responsible for reimbursing the legal annuity increases for accidents that occurred before 1 January 2013.



The Guarantee Fund for Victims is financed by the community of policyholders. It receives no budgetary allocation from the government.

FGAO resources in 2019 : €261M

  • Contributions : €130M
  • Results from financial investments : €90M
  • Other resources and results from automobile liquidations : €25M
  • Recourse against at-fault parties : €16M

FGAO expenditures in 2019 : €231,1M

  • Compensations to victims : €157,1M
  • Net allocations to technical reserves : €62M
  • Operating costs : €14M
  • Others : €-2M

Although the FGAO is financially autonomous, it has nevertheless been placed under the supervision of the Ministry of Economy, Finance and Industry, which determines the rate of contributions according to the needs of the Fund.


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