Capital Markets Day

On 26 May 2016, we hosted our annual Capital Markets Day at our offices in Leiden, the Netherlands.
Willem van Duin, Chairman of the Executive Board, presented an update on the execution of our strategy and elaborated on the many initiatives around the digitalisation of our group. He mentioned that Achmea remains leading in its core markets, with high customer satisfaction and a diversified product portfolio. He added that our long term continuity is key and as an insurer we maintain a relevant role for society. In a changing environment, we have the right (digital) capabilities for every market we are active in.
Commenting on our strategy, Van Duin added that we will stay on course by further strengthen our core competencies, complete the targets of the Acceleration & Innovation program and accelerate with investing in our strategic initiatives. We see additional growth coming from our overall retirement strategy (APF) and from our international activities. “Our financial ambitions reflect a solid performance in line with our company profile,” Van Duin ended.
In the second presentation of the day Huub Arendse, Chief Financial Officer, gave an in-depth presentation on our progress on Solvency II. Arendse said that the group’s financial position remains strong with a solvency ratio of 199% under Solvency II for a Partial Internal Model for our insurance activities. Our Partial Internal Model for Non-Life and Health SLT risks has been approved by the regulator in December last year. “Our capital base is resilient under several scenarios and we’ve seen a strong positive impact of credit spread increase due to a volatility adjustment effect,” he said. Arendse also gave a comprehensive overview on the financials around the Dutch healthcare system and ended his presentation saying that the group’s operational free capital generation is at a solid level.
Ruud Martens, Managing Director of Independer gave a presentation on the opportunities we see in the aggregator market.

After a short break, Bianca Tetteroo,  member of the Executive Board updated the market on our new positioning of retirement services, focusing on pensions, savings, mortgages and asset management. Tetteroo gave an outlining about our shift from capital intensive insurance, to fee-based retirement services. She elaborated on our plans for a general pension fund (APF) which offers to employers state-of-the art DB, DC and combinations of the two. As well as up to date insights and solutions for building up own assets for retirement to employees and freelancers.
​Within the broader strategy for retirement services, Jacob de Wit, Chief Executive Officer of Achmea Investment Management, gave a presentation about investment management in service of Achmea’s retirement proposition. Ronald Buwalda, Chief Financial Officer at Achmea Bank ended the series of presentations about the strategic anchoring of Achmea Bank within Achmea Group. “Banking products are key to fulfil Achmea’s ambition to provide customers with products that ensure financial security after retirement,” Buwalda said.

​Jacob de Wit

​Ronald Buwalda