On 15 December 2010, the Dutch Association of Insurers (in Dutch: Verbond van Verzekeraars) published its governance principles, also known as the ‘Insurers’ Code’. The Insurers’ Code is consistent with the basic tenets of the Banking Code published by the Dutch Banking Association (in Dutch: Nederlandse Vereniging van Banken). The Insurers’ Code sets out principles on corporate governance, risk management, audit and remuneration policy for application by Dutch insurers.
Achmea has elected to report on the application of the Code at Group level because of the structure of its organisation and the Group’s governance. Achmea is aware of the social aspects of its business and the role an insurer plays in society. Therefore, Achmea fully endorses the Code and sees it as an important step in restoring trust in the insurance sector, safeguarding stability and protecting the interests of all parties involved.