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Insurance company Nationale Nederlanden may acquire Reaal’s indemnity insurances

Christian Fernsby ▼ | November 22, 2019
Dutch insurance company NN Group has been cleared to acquire parts of insurance company Vivat (Vivat Schadeverzekeringen N.V.), more specifically Vivat’s brands that specialize in indemnity insurances and income protection insurances.
Nationale Nederlanden
The Netherlands   Nationale Nederlanden
The Netherlands Authority for Consumers and Markets (ACM) has cleared this acquisition.

Topics: Insurance Nationale Nederlanden Reaal

One of the more well-known brands in the Vivat group is Reaal, which specializes in indemnity insurances. ACM has assessed the acquisition’s effects on the Dutch markets for indemnity insurances and income protection insurances.

Sufficient competition will remain after the acquisition, as people are able to switch insurers easily, among other reasons. As a result, this acts as an incentive for insurers to ensure competitive prices, good quality, and sufficient innovation in insurances.

The market for indemnity insurances and income protection insurances has three major insurers: Nationale Nederlanden (NN), Achmea (which includes Interpolis and Centraal Beheer), and ASR.

Vivat’s indemnity insurances and income protection insurances (which includes Reaal) have a modest market share. ACM believes that the increase in NN’s market share as a result of the acquisition will not have any significant effects on the competitive landscape.

The acquisition of Vivat Schadeverzekeringen is one of the results of the larger acquisition of Vivat by Athora. In that process, Vivat was split up.

The NN Group acquired the indemnity insurances and income protection insurances, alongside several other activities. The European Commission had previously cleared Athora’s acquisition of Vivat.