While It May Not Be Speedy, Nationale Nederlanden Is a Stable and Reliable Business
Nationale Nederlanden Group is the largest insurance firm in Holland with over one-third market share. While its roots lie in a spinout from ING, the business has built a strong offering. Its development hasn’t been without hurdles as it has had ongoing issues with a unit-linked lawsuit. With over 2 million policies sold previously and no way of ascertaining how many of those policyholders would make claims and be successful, this created a lot of uncertainty. However, the settlement with its main competitor ASR and the agreement over claims with ConsumentenClaim, Vereninging Woekerpolis.nl, Stichting Woekerpolisproces, Wakkerpolis, and Consumentenbond has left NN in a much more certain position.