Company profile

Future of Achmea

#
Rank
369
| Quantumrun Global 1000

Achmea Holding N.V. was created in 1995, following the merging of Zilveren Kruis and Avero Centraal Beheer Groep (AVCB). The first form of the company was founded in 1811, when Ulbe Piers Draisma, an accountant from Frisia, created "Onderlinge Brand Assurantie Societeit (Achlum)." Today, the group operates in financial services and is the largest provider in the Netherlands. Their main focus is insurance services.

Home Country:
Sector:
Industry:
Insurance - Life, Health (Mutual)
Website:
Founded:
1995
Global employee count:
14921
Domestic employee count:
12000
Number of domestic locations:
16

Financial Health

Revenue:
$23958000000 EUR
3y average revenue:
$24659666667 EUR
Operating expenses:
$24376000000 EUR
3y average expenses:
$24675666667 EUR
Funds in reserve:
$2117000000 EUR
Market country
Revenue from country
0.94

Asset Performance

  1. Product/Service/Dept. name
    Health insurance
    Product/Service revenue
    13065000000
  2. Product/Service/Dept. name
    Non-life insurance
    Product/Service revenue
    3120000000
  3. Product/Service/Dept. name
    Pension and life insurance
    Product/Service revenue
    1755000000

Innovation assets and Pipeline

All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page. 

DISRUPTION VULNERABILITY

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.

COMPANY’S FUTURE PROSPECTS

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