While we can’t predict the future, we continue to insure against risks. By addressing today’s challenges, we help society prepare for tomorrow’s obstacles. Initiating leadership, innovation and knowledge sharing drives us forward. VNAB offers perspective in a constantly evolving market.
FOR A MORE SUSTAINABLE AND RESILIENT FUTURE
Trends, Committees & themes
Themes & commissions
Property
New developments carry new risks
Property insurance is one of the oldest insurance sectors, yet it remains in constant evolution. How do we keep the risk of property damage insurable? The energy transition, along with new ways of working, building, and material use, introduces new risks. As a result, the risks faced by individuals, businesses, and society as a whole are also changing. The co-insurance market is witnessing a shift in property insurance and risk management.
Organizations are developing innovative solutions to protect business assets and continuity. Moreover, preventive measures and emergency planning are becoming increasingly important in the corporate world. Within the property insurance sector, we closely monitor these developments to ensure that insurance solutions continue to align effectively.
Cyber
Prioritise cybersecurity
Developments in cyber and technology risks are evolving at an incredible pace, making them difficult to keep up with. The impact is significant. The co-insurance market plays a key role in preventing cyber and technology risks and mitigating potential damages. Businesses and institutions face increasingly complex cybercrime attacks daily, posing a major threat to organizational continuity and growth. Together, we are strengthening our defenses against these threats.
VNAB inspires and informs you about trends and developments. Together, we are making cybersecurity a top priority. The rapid advancements in the cyber domain require knowledge-sharing on cybersecurity, cyber risks, and the prevention and mitigation of cybercrime. To support this, we have established the Cyber Technical Committee.
Diversity
Different perspectives, experiences and ways of thinking
By bringing together different perspectives, experiences, and ways of thinking, the market continues to evolve. By facilitating connections within our industry and attracting talent from diverse (educational) backgrounds, we foster innovation, creativity, and new opportunities. This enables our members and partners to better anticipate changes and risks.
When professionals in the co-insurance market are given room for growth and development, when an inclusive culture is encouraged, and when equal opportunities within organizations are ensured, the development of products, services, and market strategies becomes within reach. Diversity and inclusion are evolving rapidly.
Engineering
Addressing significant and emerging risks
Engineering is an important sector within the commercial insurance market. From large construction projects to the development of new highways, innovative tunnels, and wind farms—this industry covers it all. Sustainability and ESG (Environmental, Social, Governance) are playing an increasingly significant role in this sector, alongside specialization, experience, and technical expertise.
It is a relatively small market in terms of the number of players, but certainly a "big" market when it comes to specialized insurance risks, often based on innovative technical developments.
Human resources
HR challenges and opportunities in the co-insurance market
The co-insurance market faces both challenges and opportunities in the field of HR. Aging populations, the development of specialized skills among employees, and increasing the sector’s attractiveness are high on the agenda for many HR managers. Our members focus on attracting and retaining talent through engaging training programs and growth opportunities.
Flexible work models and technological innovations are also transforming how work is performed and how teams are managed. This requires new (leadership) skills and collaboration methods to maximize employee potential. Developments in HR are evolving rapidly. One of the key responsibilities of the HR Committee is to facilitate the exchange of knowledge and inspiration.
Risk management
Knowledge sharing and risk prevention
The rapid developments in the co-insurance market call for knowledge sharing and risk prevention. To support this, we have established the Risk Management Committee. This committee advises the board on managing the risks faced by the association. While the primary focus is on IT risks, other risks are also given due attention.
With this committee, VNAB aims to further strengthen risk management within the association, leveraging the valuable expertise already present among its members.
Transportation
Driving transport with technology integration
The dynamics of the transport sector are unique. The rise of e-commerce, globalization, and the increasing reliance on complex supply chains have introduced new risks and challenges in transportation. Environmental, Social, and Governance (ESG) is becoming increasingly relevant for the co-insurance market, including the transport sector of our industry.
The integration of technology in transportation drives continuous innovation, leading to new products, services, and ways of working.
Contract Clarity
Ensuring a smooth workflow across the entire chain
VNAB collaborates with its members to achieve the Contract Certainty objective—an initiative that contributes to an improved end-to-end workflow across the entire chain. This optimization of the collective renewal process enhances insurability and increases customer satisfaction.
Data & Digitisation
Unlocking the potential of structured data
Through the development of structured data, further digitalization, and end-to-end operational excellence, VNAB is creating a more efficient market while maintaining room for tailored solutions within the insurance exchange. Discover and enhance the power of structured data with the integrated VNAB IT platform and by participating in events and educational programs focused on the role of data and digitalization in the co-insurance market. To quickly identify opportunities in structured data, IT, and digitalization and to help our members anticipate these developments, we have established an IT Committee.
This committee provides support and advice on key IT-related matters within the co-insurance market. We’d love to keep you informed! Engage with the IT Committee to explore the opportunities of data.
VNAB actively promotes the use of data and AI in the co-insurance market. We organize events and offer educational programs on the role of data in our industry. Additionally, we share best practices and encourage collaboration between insurers.
Sustainability
A future shaped by sustainability
Sustainability has a significant impact on the co-insurance market. Our society is facing new challenges and opportunities related to climate change and environmental issues. Environmental, Social, and Governance (ESG) plays a crucial role in shaping the co-insurance market. As a result, organizations and our members are adjusting their course, making different strategic choices, and modifying their organizational structures and reporting frameworks.
Our focus has shifted toward sustainable investments and the development of green insurance products. Risk evaluations are being reassessed due to geopolitical developments. Sustainability is no longer just a trend - it is a fundamental factor shaping the future of the co-insurance market. Additionally, the new generation of employees seeks to work for ‘green companies.’ Attracting and retaining talented professionals has become an additional incentive for businesses and organizations to embrace sustainability.
Financial
More information on the financial theme will follow. Keep an eye on our website.
Legal
The impact of legislative and regulatory changes
Developments in legislation and regulations for the co-insurance market help shape our direction. VNAB aims to support its members in developing model terms and effective procedures.
Knowledge sharing on legal developments within the co-insurance market is also a key focus.
Sanctions Legislation
Know your business partners
In the co-insurance market, the impact of sanctions legislation is increasing. Stricter international and national regulations require insurers and brokers to thoroughly investigate their business partners, both current and prospective. Our members want to avoid any unintentional or indirect involvement in legal violations. We support them in complying with the Sanctions Act!
Liability
Running your business comes with responsibilities
Making the future more sustainable and resilient comes with responsibilities. Sometimes, advice on a decision, business action, or strategic shift can have unintended consequences - with significant impact. The absence of a stated liability ground, a delayed claim that prevents damage mitigation, or employers who take matters personally can make the situation even more challenging.
Corporate liability, as well as professional or directors' liability, are complex topics. By working closely with our members to stay ahead in this field, we ensure that the co-insurance market remains relevant and adaptable.