Julien Hayen - P&V Group Sunum
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The P&V Group is a Belgian insurance company comprised of five brands: P&V, VIVIUM, Actel, PNP, and Arces. It operates in the Belgian insurance market, which had a population of 11 million and total premium income of 32 billion euros in 2012. The P&V Group has a 6% market share in the Belgian market and is the 6th largest insurance group in Belgium. It aims to be a top 3 player in certain market segments and provide solid long-term value and partnerships for its customers, stakeholders, and employees.
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Julien Hayen - P&V Group Sunum
- 1. 1 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Cooperative insurance in Belgium
- 2. 2 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Cooperative/mutual insurance in Belgium An overview
- 4. 4 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Belgian insurance market (2012) Population 11 million Total premium income 32 billion of which Life 21 billion Non Life 11 billion
- 5. 5 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Belgian insurance market (2012) 70 insurers of which 15 mutuals / co-ops
- 6. 6 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Belgian mutuals and co-ops market share 2012 Life: 12,5 % Non-Life: 21,2 %
- 7. 7 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces • PLCs Main insurance groups • Mutuals / Co-operatives
- 8. 8 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces National representation UAAM
- 9. We are a company unlike others, But like others, we are a company…
- 10. 10 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Who is the P&V Group?
- 11. 11 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces The P&V Group today 2007: take-over of ING Insurance. • The P&V Group doubles in size and strengthens its position in the brokers market • The Belgian insurance market is dominated by brokers (in Non-Life) • The Brand VIVIUM represents ⅔ of the Group’s turnover
- 12. 12 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Structure P&V Group Historical cooperators Holding VIVIUM n.v. Piette&Partners n.v. Arces n.v.
- 13. 13 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Structure P&V Group
- 14. 14 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Market position P&V Group (numbers 2012) • 6th insurance group • Market share - Market share Life - Market share Non-Life Life: 3,5 % Non- Life: 6,0 % 4,4 % 1 - AG 2 - KBC 3 - AXA 4 - Ethias 5 - Belfius 6 - P&V Group
- 15. 15 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Reason of existence,values, ambitions Reason of existence Values Ambitions
- 16. 16 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Reason of existence To be an important and solid economic actor by promoting the cooperative principles, which we translated like this: • Striving for the best service at the best price • Creating added value for our customers, intermediaries, staff and cooperators. • Social responsibility • Solidarity and mutual aid And this through the development of our insurance activities. Reason of existence Values Ambitions
- 17. 17 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Values Focus on customers Respect for every individual person Focus on performance and results Integrity, Honesty and respect for engagements Solidarity Responsibility Professionalism Reason of existence Values Ambitions
- 18. 18 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Values Solidarity
- 19. 19 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Values Responsibility
- 20. 20 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Our ambitions • Top 3 in certain market segments • Financially solid • Customer value • Longterm partnership with our stakeholders • Individual development of co- workers Reason of existence Values Ambitions
- 21. 21 The P&V Group is comprised with the brands P&V, VIVIUM, Actel, PNP, and Arces Thanks for your attention!
Editor's Notes
- The P&V Group is the oldest and largest co-operative insurance group in Belgium. In this picture you see our head office, which was the first skyscraper in Brussels, built in 1957. In this presentation I will give you a short overview of the Belgian insurance market and the place co-ops and mutuals have. Then I will shift the focus to the P&V Group.
- Small country so big on slide.The Belgian population is about 11 billion. Premium income is 32 billion. Life-insurance represents the biggest part with 21 millions. Non-Life 11 billion.
- There are about 70 insurers. 15 of those are mutuals or co-ops.
- As you can see, the market share of mutual and co-operative insurance in Belgium is not negligible, but lower than in our neighbouring countries like the Netherlands, Germany and France.There is no difference in regulation between mutual, co-op and other insurance companies. By defintion though, mutuals and co-ops are not listed on the stock exchange, so specific rules for listed companies do not apply.
- Different types of insurance companies are active in Belgium. The top 3 insurers are PLC’s : AG (formerly Fortis), KBC, Axa.Number 4 is a mutual (Ethias). P&V Group is 6th.
- Almost all mutual and co-operative insurers are members of the national insurance association, Assuralia. Three board members are from mutuals or co-ops, including the Vice-president. The mutual and co-op insurers are also part of another association, UAAM, where large and small members co-operate. We are convinced that big co-ops should invest in knowledge exchange and lobbying, so that small co-ops can take benefit from that.The small, often very specific co-operatives have a big societal value. Small companies are often closer to their mutual/co-operative origins and their relationships with their customers are often stronger.Our CEO is also president of the National Federation of Co-operatives, which regroups co-ops from all kinds of business.
- We have to abide by the same rules as all the other insurance companies. Our motto is: as a co-operative insurance company, we are a company unlike others, but like others, we are a company…
- We are a local company but for the acquisition of ING Insurance we called upon some foreign partners which now have a minority participation in VIVIUM.It’s Unipol, an Italian insurer that originated in the co-operative movement with whom we have ties that date from some time ago. P&V also has a small participation in Unipol.And also Macif and Maif, two French mutual insurers from the social economy who have also been our longstanding partners within the Euresa network.Euresawas created in 1990 and is today a platform for cooperation and collaboration among 14 European insurance companies belonging to the Social Economy. Syneteristiki from the Greek co-operative movement and Spanish LagunAro are also part of Euresa.We are also active within the valuable associations Amice and ICMIF.
- P&V is the 6th largest insurance group in Belgium with a market share of 4,4 %. 3,5 % in Life6 % in Non-Life