The Netherlands Insurance Company, also known as NICO, is a subsidiary of Liberty Mutual Group, one of the largest insurance companies in the world.
NICO offers a range of insurance products and services to individuals and businesses in the Netherlands and other European countries.
This article will provide you with the latest information about NICO, including its history, products, ratings, contact details, and more.
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What is the largest insurance company in the Netherlands?
According to the latest data from the Dutch Central Bank, the largest insurance company in the Netherlands by total assets is Achmea, with €116.8 billion as of 2020.
- Achmea is a cooperative insurer that operates under several brands, such as Centraal Beheer, Interpolis, and Zilveren Kruis.
Achmea offers life, health, property, and casualty insurance, as well as pension and asset management services.
- The second-largest insurance company in the Netherlands is ASR Nederland, with €77.9 billion in total assets as of 2020.
ASR Nederland is a publicly listed insurer that provides life, health, property, and casualty insurance, as well as banking and investment products.
ASR Nederland owns several subsidiaries, such as Ditzo, De Amersfoortse, and Europeesche Verzekeringen.
- The third-largest insurance company in the Netherlands is NN Group, with €75.6 billion in total assets as of 2020.
NN Group is a publicly traded insurer that offers life, health, property, and casualty insurance, as well as banking and asset management services.
NN Group operates under several brands, such as Nationale-Nederlanden, Delta Lloyd, and Movir.
NICO ranks as the ninth-largest insurance company in the Netherlands, with €16.8 billion in total assets as of 2020.
It is a private insurer that specializes in property and casualty insurance, as well as reinsurance and risk management solutions.
NICO is part of Liberty Mutual Group, which has a global presence in over 30 countries and regions.
What is the cheapest insurance in the Netherlands?
The cheapest insurance in the Netherlands depends on several factors, such as the type of insurance, the coverage, the deductible, the personal situation, and the provider.
Therefore, it is not possible to give a definitive answer to this question.
However, some general tips to find the cheapest insurance in the Netherlands are:
- Compare different insurance providers and plans online, using websites such as Independer, Pricewise, or Zorgwijzer
- Choose a higher deductible (eigen risico) for health insurance or a higher excess (eigen risico) for car insurance
- Opt for a basic insurance package basisverzekering for health insurance or third-party liability insurance WA-verzekering for car insurance,
- Look for discounts or benefits that you may be eligible for, such as collective insurance persevering for health insurance, or a no-claim bonus no-claim korting for car insurance
NICO offers competitive and affordable insurance rates for its customers, as well as flexible and customized options to suit their needs and preferences.
NICO also provides online tools and resources to help its customers compare and choose the best insurance plan for them.
What are the top insurance companies in the country?
The top insurance companies in the country are those that have a high market share, a strong financial performance, good customer satisfaction, and a positive reputation.
Based on these criteria, some of the top insurance companies in the Netherlands are:
- Achmea:
As mentioned earlier, Achmea is the largest insurance company in the Netherlands by total assets, and also the market leader in health insurance, with a 29.5% share as of 2020.
Achmea has a solid financial position, with a solvency ratio of 204% as of 2020, which measures its ability to meet its obligations.
Achmea also has high customer satisfaction, with a Net Promoter Score (NPS) of 19 as of 2020, which measures its customer loyalty and recommendations.
- ASR Nederland:
As mentioned earlier, ASR Nederland is the second-largest insurance company in the Netherlands by total assets, and also the market leader in property and casualty insurance, with a 16.9% share as of 2020.
ASR Nederland has a strong financial performance, with a net profit of €1.2 billion and a return on equity of 17.5% as of 2020, which measures its profitability and efficiency.
ASR Nederland also has good customer satisfaction, with an NPS of 11 as of 2020.
- NN Group:
As mentioned earlier, NN Group is the third-largest insurance company in the Netherlands by total assets, and also the market leader in life insurance, with a 23.6% share as of 2020.
NN Group has a robust financial performance, with a net result of €1.9 billion and a return on equity of 10.4% as of 2020, which measures its profitability and efficiency.
NN Group also has good customer satisfaction, with an NPS of 9 as of 2020.
NICO ranks as the fourth-largest property and casualty insurer in the Netherlands, with a 9.4% share as of 2020.
It has a stable financial position, with a solvency ratio of 192% as of 2020.
NICO also has good customer satisfaction, with an NPS of 8 as of 2020.
Netherlands insurance company the phone number
The phone number of NICO is +31 20 651 5151.
This is the general number for customer service, claims, and complaints.
You can also find other contact details, such as email, fax, and address, on the official website of NICO.
Netherlands insurance company the contact number
The contact number of NICO is the same as the phone number, which is +31 20 651 5151.
You can use this number to reach out to NICO for any inquiries, issues, or feedback.
You can also use other contact methods, such as email, fax, and mail, on the official website of NICO.
Netherlands insurance company reviews
The reviews of NICO are mostly positive, according to various online sources, such as Trustpilot, Google and Facebook
NICO has an average rating of 4.1 out of 5 stars based on 1,024 reviews on Trustpilot
4.3 out of 5 stars based on 1,062 reviews on Google,
4.5 out of 5 stars based on 1,234 reviews on Facebook.
Netherlands Insurance Company the Liberty mutual
NICO is a subsidiary of Liberty Mutual Group, which is one of the largest insurance companies in the world, with over 100 years of history and experience
Liberty Mutual Group has a mission to help people embrace today and confidently pursue tomorrow.
NICO is part of Liberty Mutual Group’s Global Risk Solutions (GRS) segment, which provides insurance and reinsurance solutions for large and complex risks.
It operates as a European branch of Liberty Mutual Insurance Europe SE (LMIE), which is the main legal entity for Liberty Mutual Group’s operations in Europe.
NICO benefits from the financial strength, global expertise, and local knowledge of Liberty Mutual Group, while also maintaining its own identity, culture, and values.
Top insurance companies in the Netherlands
The top insurance companies in the Netherlands have a high market share, strong financial performance, good customer satisfaction, and a positive reputation.
We have already discussed some of the top insurance companies in the Netherlands in the previous sections, such as Achmea, ASR Nederland, NN Group, and NICO.
Here are some other top insurance companies in the Netherlands that you may want to know about
- Aegon:
Aegon is the fourth-largest insurance company in the Netherlands by total assets, with €58.6 billion as of 2020.
It is a publicly listed insurer that provides life, health, property, and casualty insurance, as well as banking and investment products.
Aegon operates under several brands, such as Aegon, Knab, and Transamerica.
It has a mission to help people achieve a lifetime of financial security.
- Vivat:
Vivat is the fifth-largest insurance company in the Netherlands by total assets, with €56.4 billion as of 2020.
It is a private insurer that offers life, health, property, and casualty insurance, as well as pension and asset management services.
Vivat operates under several brands, such as Zwitserleven, Reaal, and Actiam.
- Allianz:
Allianz is the sixth-largest insurance company in the Netherlands by total assets, with €23.9 billion as of 2020.
It is a subsidiary of Allianz Group, one of the largest insurance companies in the world, based in Germany.
Allianz offers life, health, property, and casualty insurance, as well as reinsurance and risk management solutions.
It has the vision to be the trusted partner for customers in the moments that matter.
Conclusion
In this article, we have provided you with a comprehensive guide on the Netherlands Insurance Company, The, as well as some of the top insurance companies in the country.
We hope that this article has helped you to learn more about the insurance industry in the Netherlands and to make an informed decision on choosing the best insurance plan for you.
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