De Vereende

What De Vereende does

De Vereende N.V. is a non-listed Dutch damage insurer founded in 1940 by a consortium of Dutch insurance companies in response to wartime loss of foreign reinsurance capacity. The company specializes in underwriting special and complex risks that standard insurers decline to cover, including coverage for individuals with unfavorable insurance histories and unique property/liability exposures. Its core product, Vereende Verzekeringen, operates as the insurer of last resort in the Dutch market, using quote-based pricing that reflects the elevated risk profile of its book.

Beyond direct underwriting, De Vereende functions as an umbrella organization managing multiple statutory and industry entities. These include the Waarborgfonds Motorverkeer (motor vehicle guarantee fund that compensates victims of uninsured or hit-and-run drivers), Nederlands Bureau Motorrijtuigverzekeraars (Dutch Bureau of Motor Vehicle Insurers administering the green card system), NHT (Dutch Reinsurance Company for Terrorism Damages), Atoompool (nuclear risk pool), FMG (fund for conscientious objectors), and BAVAM (payment arrears management). The company also manages the Dutch Aviation Pool.

De Vereende generates revenue through insurance premiums from its specialist underwriting book and management/administration fees for the pools and funds it operates on behalf of the Dutch insurance industry. Its go-to-market is direct-to-customer via its website, phone, and email channels, targeting the Dutch domestic market exclusively. The company is owned by other Dutch insurance companies, governed by a Supervisory Board and a two-person Management Board (Directievoorzitter Carola Wijkamp-Hermsen and CFRO Pieter Feenstra), and maintains GDPR/AVG compliance and ISO 27001-aligned information security practices.

Name

De Vereende

Legal name

De Vereende N.V.

Website

https://vereende.nl

Company type

Private

Founded year

1940

Operating status

Operating

Headcount range

101–250 employees

Short description

De Vereende is a non-listed Dutch insurer specializing in special and complex risks that standard insurers decline, while also managing statutory insurance pools (motor guarantee, terrorism, nuclear) for the Dutch insurance industry.

Ownership category

akta.pro rank

Product category

Specialty Insurance

NAICS

Direct Property and Casualty Insurance Carriers (524126), Reinsurance Carriers (52413), Insurance Carriers and Related Activities (524), Other Insurance Funds (525190)

SIC

Fire, Marine & Casualty Insurance (6331), Insurance Carriers, Nec (6399), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Motor Vehicle Liability Insurance (FSAJAMAC)

akta.pro secondary industries

General Liability Insurance (FSAJAMAE), Umbrella Insurance (FSAJAMAK)

Keywords

• Special risk insurance
• Damage insurance
• Terrorism reinsurance
• Motor guarantee fund
• Nuclear risk pool

Headquarters

HQ city

Rijswijk

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Insurance premiums: De Vereende generates revenue through insurance premiums from underwriting special and complex risks that standard insurers decline to cover.
2. Management services for pools and funds: De Vereende conducts management activities and executes tasks for various organizations in the insurance world including Dutch Aviation Pool, Fonds Middelen Gemoedsbezwaarden, Nederlandse Pool voor Verzekering van Atoomrisico's, Nederlands Bureau der Motorrijtuigverzekeraars, NHT, and Waarborgfonds Motorverkeer.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

De Vereende underwrites damage insurance for special, complex, and high-risk cases that standard Dutch insurers cannot or will not cover, including coverage for individuals with unfavorable insurance histories or unusual properties to insure. In parallel, it manages the operations of multiple Dutch insurance pools and statutory funds, including the Waarborgfonds Motorverkeer, the Atoompool, the NHT terrorism reinsurance pool, the Nederlands Bureau of Motor Vehicle Insurers, the Fonds Middelen Gemoedsbezwaarden, and BAVAM.

Product overview

De Vereende is a non-listed Dutch insurance company established in 1940, specializing in special and complex risks that are difficult or impossible to insure elsewhere. The organization operates as an umbrella entity managing multiple insurance-related organizations: Vereende Verzekeringen provides damage insurance for high-risk individuals and unique situations; Waarborgfonds Motorverkeer compensates victims of uninsured or unidentified motor vehicles; Nederlands Bureau Motorrijtuigverzekeraars administers the green card system and supports traffic victims; NHT provides terrorism reinsurance; Atoompool covers nuclear risks; FMG serves conscientious objectors; and BAVAM handles special administrative functions. The various entities share governance and operational infrastructure under the De Vereende umbrella.

Differentiator

Problem solved

Functional benefit

Brands

• BAVAM: Betalingsachterstand management entity for customers with payment difficulties
• Waarborgfonds Motorverkeer
• Nederlands Bureau Motorrijtuigverzekeraars
• Atoompool
• NHT
• Fonds Middelen Gemoedsbezwaarden (FMG)

Products and services

• De Vereende Verzekeringen (Schadeverzekering) Damage insurance (schadeverzekering) for special and complex risks, including coverage for individuals who have difficulty obtaining insurance elsewhere due to an unfavorable insurance history or unique risk profiles.
• Waarborgfonds Motorverkeer Statutory guarantee fund that compensates victims of motor vehicle accidents when the responsible party cannot be identified, is uninsured, or was driving a stolen vehicle, so claims cannot be pursued through a regular insurer.
• Nederlands Bureau Motorrijtuigverzekeraars Association of all motor vehicle insurers operating in the Netherlands, providing information and support services for traffic accident victims and administering the green card system.
• Nederlandse Herverzekeringsmaatschappij voor Terrorismeschaden (NHT) Dutch reinsurance company for terrorism damages, providing reinsurance capacity to insurers for terrorism-related losses in the Netherlands.
• Nederlandse Pool voor Verzekering van Atoomrisico's (Atoompool) Dutch pool for insurance of atomic and nuclear risks, providing specialized coverage capacity for nuclear-industry exposures.
• Fonds Middelen Gemoedsbezwaarden (FMG) Fund providing alternative coverage arrangements for individuals with conscientious objections who cannot or will not participate in standard insurance systems.
• BAVAM Special fund providing services for unique insurance situations and administrative support, including betalingsachterstand (payment arrears) management for customers with payment difficulties.

Segments1 record

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Two partnerships are on record, tiered support and core.

• GeldfitsupportOthersDe Vereende collaborates with Geldfit to provide free and anonymous assistance to customers struggling with financial management. Geldfit offers guidance to help individuals gain control over their finances.
• Afsprakenkader Sociaal IncasserencoreStrategic or Co-development PartnerDe Vereende has joined the 'Afsprakenkader Sociaal Incasseren' (Social Collection Framework Agreement), a broad national movement where public and private parties cooperate to establish a new norm for debt collection that prevents small payment challenges from becoming problematic debts.

Scale indicators2 records

Recent moves4 records

Expansion highlights3 records

Direct peers

• Pool Re: UK government-backed terrorism reinsurance pool. Directly comparable to De Vereende's NHT entity in providing specialist terrorism reinsurance capacity for a national market.
• Motor Insurers' Bureau (UK): UK organization compensating victims of uninsured/unidentified motor vehicles. Direct cross-border analogue of De Vereende's Waarborgfonds Motorverkeer business.
• Bureau Central de Tarification (France): French body mandating coverage for risks declined by standard insurers. The most direct equivalent to De Vereende's "last resort" damage insurance role.
• Beazley: Specialty insurer with deep expertise in unusual and complex risks, including high-hazard property and liability. Comparable to De Vereende's specialty/special situations underwriting.
• ELINI (European Liability Insurance for Nuclear Industry): European pool providing nuclear liability insurance capacity. Closely comparable to De Vereende's Atoompool (atomic risk pool) entity.
• Hiscox: Specialty insurer focused on complex and hard-to-place risks, including professional liability and unusual exposures. Comparable to Vereende Verzekeringen's niche-surety underwriting approach.
• GAREAT (France): French terrorism insurance pool covering terrorism property damage. Closely comparable to De Vereende's NHT terrorism reinsurance pool.

Broad incumbents

• Swiss Re: Global reinsurance carrier providing capacity across specialty lines. Comparable to the reinsurance role performed by NHT within De Vereende's portfolio, but globally scaled.
• Lloyd's of London: Global specialty insurance marketplace underwriting complex and unusual risks. Comparable to De Vereende in serving hard-to-place risks, but at vastly larger scale and international scope.

Regional players

• Kancelář pojistitelů (Czech Insurance Bureau): Czech green card bureau and guarantee fund for uninsured motorists. Closely matches the Nederlands Bureau + Waarborgfonds Motorverkeer dual mandate within De Vereende.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/deVereende

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles6 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about De Vereende