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Virtual Insurance: Basic Life in the Dutch Broker Market

In this October 10, 2002, presentation from Santiago de Chile, Ansifried Snijders, AAG CEO, discusses Basic-life, a virtual company in the Dutch insurance market. It explores ASR's position, virtual operations, and supervision, with insights into key market players, distribution, and operational structure. Virtual Mary Matthijsse and the team lead essential roles, emphasizing client, broker, and internal system integration for optimal efficiency, reliability, and security. The use of eXtensible Business Reporting Language (XBRL) enhances transparency and regulatory compliance.

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Virtual Insurance: Basic Life in the Dutch Broker Market

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  1. Virtual Insurance Basic-life in the Dutch broker market Ansfried Snijders AAG CEO Basic-life October 10, 2002 Santiago de Chile

  2. Introduction • The Dutch Insurance market and ASR’s position • Basic-life; the virtual company • Supervision

  3. ASR’s position in the Dutch market Life 21 13 7 12 9 7 69 31 100 (€ 25,6 bln) Non-life 10 10 11 3 6 6 46 54 100 (€ 17,9 bln) Total 16 12 9 8 8 7 60 40 100 (€ 43,5 bln) (2001 market share in %) ING ASR Achmea AEGON Interpolis Delta Lloyd Big Six Others Total market

  4. A broker market • 75% of life business • 55% of non-life business • 9000 brokers • 4-5 FTE’s • 2000 clients ASR: a real broker company

  5. Basic-life • The foundation in 1999 • 24 november 1999 • TPA’s and party’s involved • brokers’ reaction • products

  6. Virtual

  7. Mary Matthijsse controlling Rijn van der Linden sales Ansfried Snijders general manager Frodo Korff marketing Simon Zwijgers staff Marcilla van Rooijen Officemanager The people

  8. Basic-life • The processes: • Client - Internet + Extranet • Broker - Internet + Extranet • Basic-life - Intranet • TPA’s - Intranet • PVK - Paperwork! Chain integration

  9. Datawarehouse Basic-life Clients DWH Brokers TPA’s Security <-> transparency

  10. Supervision • Effectiveness • Reliability • Security • eXtensible Business Reporting Language (XBRL)

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