Virtual Insurance

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

• The Dutch Insurance market and ASRs position
• Basic-life the virtual company
• Supervision

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ASRs 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 Int
erpolis Delta Lloyd Big Six Others Total market
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A broker market

• 75 of life business
• 55 of non-life business
• 9000 brokers
• 4-5 FTEs
• 2000 clients

ASR a real broker company
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Basic-life

• The foundation in 1999
• 24 november 1999
• TPAs and partys involved
• brokers reaction
• products

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Virtual
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The people
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Basic-life

• The processes
• Client - Internet Extranet
• Broker - Internet Extranet
• Basic-life - Intranet
• TPAs - Intranet
• PVK - Paperwork!

Chain integration
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Datawarehouse
Basic-life
Clients
DWH
Brokers
TPAs
Security lt-gt transparency
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Supervision

• Effectiveness
• Reliability
• Security
• eXtensible Business Reporting Language (XBRL)