Achmea Reaches €85 Million Settlement Agreement for Unit-Linked Insurance Policies

Achmea Reaches €85 Million Settlement Agreement for Unit-Linked Insurance Policies

(IN BRIEF) Achmea has reached a final settlement agreement with interest groups Consumentenclaim, Woekerpolis.nl, Woekerpolisproces, Wakkerpolis, and the Consumentenbond regarding unit-linked insurance policies sold through various brands in the Netherlands. The agreement, totaling €85 million, aims to provide clarity and resolution for affected customers. This settlement follows previous measures, including €380 million in customer compensation. Achmea’s Chair, Bianca Tetteroo, expressed satisfaction with the agreement, emphasizing its importance for all parties involved. After finalizing the settlement details, customers will receive individual proposals, and legal proceedings between Achmea and the interest groups will be discontinued.

(PRESS RELEASE) ZEIST, 16-Feb-2024 — /EuropaWire/ — Achmea has reached an agreement with interest groups Consumentenclaim, Woekerpolis.nl, Woekerpolisproces, Wakkerpolis and the Consumentenbond with respect to a final settlement for customers with a unit-linked insurance policy who are affiliated with one of these groups. This concerns unit-linked policies that were sold in the Netherlands through the brands Avéro Achmea, Centraal Beheer, FBTO, Interpolis and their legal predecessors. The agreement involves an amount of € 85 million. The impact of the agreement on Achmea’s capital position is limited.

Bianca Tetteroo, Chair of Achmea’s Executive Board: ‘I am pleased to announce today that we have signed a final agreement with the interest groups. This is an incredibly important milestone for all parties involved. It is good that there is now a solution for the affected customers, and that a sense of clarity has been achieved.’

Information for customers
After the details regarding the implementation of the settlement agreement have been finalised, customers will receive individual proposals through the interest group with which they are affiliated. Once at least 90% of the customers have agreed to their proposal, the entire agreement will become final.
Customers who are not affiliated with an interest group and want to register as a poignant case (“schrijnend geval”) can do so at www.achmea.nl/schikkingsovereenkomst

Legal proceedings discontinued
One collective legal action was still pending between Achmea and Woekerpolis.nl and the Consumentenbond. These two interest groups had lodged an appeal against a previous court ruling. Those appeal proceedings will now be discontinued. An agreement has also been made with the interest groups that no more new legal proceedings will be initiated. Customers who have not yet done so will no longer be able to join an interest group.

Media Contacts:

Media Relation:
Ariën Bikker
+31 6 12 76 30 59
arien.bikker@achmea.nl

Investor Relation:
Hans Duine
+31 6 82 10 50 97
hans.duine@achmea.nl

SOURCE: Achmea