LTO Verzekeringen

What LTO Verzekeringen does

LTO Verzekeringen B.V. is a private Dutch insurance intermediary (onafhankelijke tussenpersoon) incorporated in 2018 and headquartered in Velserbroek, Noord-Holland. It operates as a specialized distribution channel for agricultural and personal insurance products, drawing referrals from the regional Dutch farmer and grower member organizations LTO Noord, LLTB, and ZLTO, and distributing products sourced from a panel of carriers including AIG, Allianz, ARAG, Bovemij, DAS, Goudse, Avéro Achmea, Felison, elipsLife, and Cerass. The company is a subsidiary of Boval Groep, a Dutch financial-services group with more than 250 employees.

The product portfolio centers on the proprietary Agrarisch Pakket (a multi-risk agribusiness bundle covering livestock, fire, liability, legal expenses and equipment), the Privé Totaalpakket (a member-only private-lines bundle with digital online purchase and up to 12.5% package discounts), and Verzuimcare (an integrated absence-management package). Supporting line products cover fire, agricultural equipment, livestock (with a unique milk-contamination add-on for dairy farmers), occupational disability (Agro-AOV), legal expenses, and health insurance (via a Zorgverzekeringen comparison tool). The proprietary Quotr platform enables customers to upload existing policies and receive automated cross-carrier premium comparisons for absence insurance, and the VerzekeringsInzicht mobile app provides policy administration and absence reporting. A free advisory service, Verzekeringscheck, deploys sector-specialist advisors for in-person farm visits.

The business model is commission-based: revenue is generated on placement and ongoing servicing of policies, supplemented by cross-sell commissions from partner products (Boval Lease equipment leasing, Frontyr legal services, HG Energiesystemen energy-storage advisory). Pricing is quote-based and not publicly disclosed; volume incentives include bundle discounts of up to 12.5%, a 10% LTO-member discount on legal-expenses cover, and a free first-year milk-contamination coverage for dairy-farming LTO members subscribing to the agricultural package. The go-to-market is primarily field-led (advisors visiting farms), supported by digital self-service for lower-complexity private lines and organic content marketing via the website, e-mail newsletter, and Facebook/LinkedIn channels. The customer base is concentrated almost entirely in Dutch primary agriculture, comprising SMB farmers and growers across more than a dozen subsectors (arable, dairy, pig, poultry, greenhouse horticulture, bulb cultivation, etc.).

Name

LTO Verzekeringen

Legal name

LTO Verzekeringen B.V.

Website

https://ltoverzekeringen.nl

Company type

Private

Operating status

Operating

Headcount range

1–10 employees

Short description

LTO Verzekeringen is a Dutch insurance intermediary specialized in agricultural insurance, serving Dutch farmers and growers (LTO members) with bundled property, casualty, liability, livestock, equipment, and absence products, plus digital self-service via Quotr and the VerzekeringsInzicht app.

Ownership category

akta.pro rank

Product category

Agricultural Insurance

NAICS

Insurance Agencies and Brokerages (524210), Agencies, Brokerages, and Other Insurance Related Activities (5242)

SIC

Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Crop & Farm Property Insurance (FSAJACAK)

akta.pro secondary industry

Co-Employment Risk Management & Insurance (Workers’ Comp, Liability) (BPACAGAH)

Keywords

• Agricultural insurance
• Insurance brokerage
• Absence management
• Livestock insurance
• Legal expenses insurance

Headquarters

HQ city

Velserbroek

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Insurance intermediary commissions: LTO Verzekeringen acts as an intermediary offering insurance products from various insurers. Revenue is generated through commissions from insurance providers for policies sold and maintained.
2. Customized agricultural insurance packages: Development and distribution of proprietary agricultural insurance products with unique coverage and better terms, combined with offerings from multiple insurance partners.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

LTO Verzekeringen is an independent insurance intermediary specializing in the Dutch agricultural sector, distributing and developing proprietary and partner-sourced insurance products for farmers and growers. It offers a comprehensive Agrarisch Pakket covering farm buildings, livestock, equipment, legal expenses, and liability, alongside sector-specific solutions such as Veeverzekering (livestock), Werkmaterieelverzekering (machinery), Agro-AOV (occupational disability), and Verzuimcare (absence management). The firm supplements insurance with advisory services including the free on-farm Verzekeringscheck, legal advice through partner Frontyr, and equipment leasing through partner Boval Lease.

Product overview

LTO Verzekeringen is an insurance intermediary specializing in the Dutch agricultural sector, offering a portfolio of proprietary insurance products, partner-distributed policies, and advisory services. Its core products include the Agrarisch Pakket (comprehensive agricultural multi-risk package), the Privé Totaalpakket (personal insurance package with digital purchase), Verzuimcare (absence management package), and Quotr (digital absence insurance comparison tool). Individual insurance products span fire, equipment, livestock, crop, vehicle, liability, legal expenses, occupational disability (Agro-AOV), and health insurance. Advisory services include the free Verzekeringscheck, legal advice through Frontyr, and equipment leasing through Boval. The company also offers a Zorgverzekeringen comparison service for health insurance across multiple providers.

Differentiator

Problem solved

Functional benefit

Brands

• Verzuimcare: A comprehensive absence management package for agricultural entrepreneurs that handles the entire absence trajectory.
• Quotr

Products and services

• Agrarisch Pakket A comprehensive agricultural insurance package combining livestock, fire, legal expenses, liability, and farm equipment coverages into a single policy for farmers and market gardeners.
• Verzuimcare Complete absence management package offering income insurance, occupational health services, reintegration support, and legal advice, with automated administration from first sick day through reintegration completion, designed for agricultural employers.
• Quotr Digital tool for comparing absence insurance policies from multiple providers by uploading existing policy documents, generating automated comparisons and enabling direct online purchase.
• Brandverzekering Fire insurance covering damage from fire, lightning, hail, snow, storm, smoke, and explosion, with an extended version that additionally covers theft and collision damage to agricultural buildings and machinery.
• Werkmaterieelverzekering Equipment insurance for agricultural machinery with four coverage levels: third-party liability (WA), WA plus limited casco, WA plus full casco (all-risk), and own defect coverage.
• Veeverzekering Livestock insurance covering death from disease, accident, or acute poisoning, including necessary euthanasia, veterinary costs, and transport costs, with a unique milk contamination coverage add-on for dairy farmers.
• Agro-AOV Agricultural occupational disability insurance offering coverage up to age 67 with no income test at claim when income data is submitted periodically, and free preventive and vocational rehabilitation support.
• LTO Rechtsbijstandverzekering Legal expenses insurance tailored for agricultural entrepreneurs covering business and personal disputes with agricultural law specialists, providing free choice of lawyer in court proceedings.
• Privé Totaalpakket Personal insurance package for LTO members combining home, contents, liability, travel, legal, and accident insurance with package discounts up to 12.5% and fully digital online premium calculation and purchase.
• Zorgverzekeringen Health insurance comparison service offering choice from multiple insurers with employer and employee discount programs, facilitated through an online comparison tool.
• Verzekeringscheck Free advisory service where agricultural insurance specialists visit businesses at their kitchen table to review existing coverage, identify underinsurance, double insurance, or coverage gaps, and provide personalized recommendations.
• Juridisch Advies Legal advisory service provided through partnership with Frontyr, offering contract drafting, procedure handling, dispute communication, and legal consultation for agricultural entrepreneurs.
• Lease Land- en Werkmaterieel Equipment leasing service provided through partnership with Boval Lease, offering both operational and financial lease options for agricultural machinery without impacting working capital.

Quantifiable outcome

• Package discounts up to 12.5% for combining multiple insurances
• +2 more outcomes

Named customers6 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature2 records

Partnerships

Six partnerships are on record, tiered core and minor.

• FrontyrcoreImplementation/ SI/ Consulting PartnerLegal partner of LTO Verzekeringen providing specialized agricultural legal services. Jurists assist with drafting legal documents, procedures, and dispute resolution. They specialize in preventive legal support for farmers and growers, helping with contracts, terms and conditions, and procedures.
• Boval LeasecoreStrategic or Co-development PartnerPartnership with Boval Lease allowing LTO Verzekeringen customers to access land and working equipment leasing services. Both operational and financial lease options available through this bank-independent, sector-specialized lease company.
• Boval GroepcoreOthersParent company of LTO Verzekeringen. Boval Groep employs more than 250 colleagues and provides total package of financial services to entrepreneurs.
• LTO Noord, LLTB, ZLTOcoreGTM or Marketing PartnerAgricultural member organizations whose members receive special benefits from LTO Verzekeringen including discounts on various insurance products and free initial coverage.
• Various insurance providerscoreChannel Partner/ Reseller/ DistributorProducts offered from AIG, Allianz, ARAG, Bovemij, DAS, Goudse, Avéro Achmea, Felison, elipsLife, Cerass and other insurance companies through intermediary relationship.
• Colland ArbeidsmarktminorOthersGovernment program through which the Seniorenregeling (seniors scheme) is available, allowing older employees to work 20% less while retaining 90% of gross salary.

Scale indicators2 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Nationale-Nederlanden: Large Dutch insurance carrier offering life, pension, and non-life insurance. Comparable as a major Dutch insurance incumbent competing for the same customer base, particularly for personal lines and pension-related products.
• Interpolis: Dutch insurer (part of Achmea group) historically known for agricultural insurance ('Glashelder' brand) and serving rural customers. Highly comparable as a direct agricultural-insurance competitor with strong Dutch farmer brand recognition and member-based distribution.
• Achmea: One of the largest Dutch insurance groups (parent of Interpolis, Avéro Achmea) and also a carrier partner of LTO Verzekeringen. Comparable as both a potential distribution competitor with own intermediary channels and a product supplier, representing the dominant Dutch insurance incumbent.
• ASR Nederland: Major Dutch insurance carrier offering life, property & casualty, and health insurance. Comparable as an underlying carrier for intermediary distribution as well as a direct-to-customer competitor in the Dutch market across multiple lines.
• Aon Netherlands: Global insurance brokerage with Dutch operations offering risk management, brokerage, and advisory services. Comparable as a competing insurance intermediary but operating at much larger scale across all industries rather than specializing in agricultural niches.
• Allianz Netherlands: Dutch arm of global insurance group offering personal and commercial lines. Comparable as both a carrier supplier of LTO Verzekeringen's products and a direct competitor with broader market reach across multiple customer segments.
• Marsh Nederland: Global insurance broker and risk advisor with significant Dutch presence serving commercial clients. Comparable as a competing insurance intermediary, though Marsh operates broadly across industries rather than specializing in agricultural coverage.

Regional players

• Univé: Dutch cooperative insurer serving members with multi-line insurance products. Comparable as a Netherlands-focused insurer with member-based distribution model, though Univé operates broadly across personal and commercial lines rather than specializing in agricultural coverage.

Direct peers

• Vanbreda Risk & Benefits: Belgian-Dutch insurance intermediary specializing in niche professional and sector-specific coverage with multi-carrier access and advisory-led distribution. Highly comparable as a specialized intermediary serving defined customer segments across the Benelux region.
• Meeùs: Dutch insurance intermediary offering multi-line coverage for individuals and businesses. Comparable as a domestic insurance brokerage model with similar commission-based revenue and advisor-led distribution, though Meeùs serves broader markets rather than specializing in agriculture.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/ltoverzekeringen
• LinkedInlinkedin.com/company/lto-verzekeringen

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 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 LTO Verzekeringen