Good working relationships between local Rabobanks and Eureko
Number of All-In-One-Policies up 1% to 1,286,000
Number of Company Compact Policies up 3% to 191,000
The local Rabobanks sell many of the insurance products offered by Interpolis. The number of All-In-One-Policies and Company Compact Policies saw further rises thanks, in part, to the good working relationship with Eureko. Insurance commissions at domestic retail banking fell by 7% to EUR 185 million due to disappointing revenues from life insurance.
Rabobank largest insurance broker in the Netherlands
The local Rabobanks are the largest insurance broker in the Netherlands. Many of the insurance products they sell are Interpolis policies. Interpolis is a division of Eureko, in which Rabobank Group has an equity interest of 39%. Interpolis wants to be a reliable partner who places its clients' interests at the forefront. With their new 'Helder Moment' campaign, Interpolis and Rabobank want to help clients make a conscious choice about what they want and do not want to insure.
The number of All-In-One-Policies grew by 1% to 1,286,000 (1,272,000) in the first half of 2008. Within these policies, clients contracted more types of cover on average. The percentage of clients who contracted three or more types of cover rose from 52.6% to 53.6%. There was an increase in the number of home contents insurance policies sold within the All-In-One-Policy. Demand for annual multi-trip travel insurance fell. As a result of the introduction of the Rabo OpbouwHypotheek, an asset-building mortgage, there was less demand for the OpMaat insurance. The number of death risk insurance policies sold rose. Members of the local Rabobanks were given a discount on the Interpolis ZorgActief health insurance policy, which partially accounted for the increase in the number of insured persons from 121,000 to 124,000.
The number of Interpolis Company Compact Policies increased by 3% to 191,000 (185,000) in the first half of the year. Start-ups were offered a discount on Interpolis's main insurance products as part of the Rabo OndernemersPakket, a business start-up package. As a result, there was an increase in the number of insurance products sold to start-ups.
See also:
www.rabobank.nl
www.interpolis.nl
www.eureko.net