Public and Government Affairs
NN Group commits to contributing to fair and effective regulations as we strive to create sustainable long-term value for all our stakeholders. To ensure that our contributions are meaningful and constructive, NN Group follows the principles of transparency, integrity, and abstains from support to political parties.
To ensure compliance, discuss policy developments, and consider the consequences of various regulatory policies, NN is a member of several national and international organisations, such as:
- In the Netherlands: the Dutch Association of Insurers (Verbond van Verzekeraars); Dutch Banking Association (NVB); the Confederation of Netherlands Industry and Employers (VNO-NCW); and the Association of Enterprises Issuing Securities (VEUO)
- In Europe: national Insurance and Pension Associations in the countries where NN is active; the Pan-European Insurance Forum (PEIF); the European Financial Services Roundtable (EFR); the European Insurance CFO Forum (CFO Forum), and the CRO Forum
- International: the World Economic Forum (WEF); and the Geneva Association
The annual total monetary contributions and expenditures to trade associations in 2023 was EUR 5.7 million. The three largest contributions were to the Dutch Association of Insurers, the Dutch Banking Association and the World Economic Forum.
In addition, NN Group has direct engagements with authorities and public decisionmakers concerning regulatory and policy developments by way of providing them with relevant information, wherever appropriate.
NN Group focuses on EU and Dutch legislative proposals or policies, such as:
- Prudential Regulation (Solvency II)
- Retail Investment Strategy (RIS) & Insurance Distribution Directive (IDD)
- Digital Strategy (incl. Artificial Intelligence Act, Open Finance and Open Insurance, Data Protection)
- International Financial Reporting Standards (IFRS)
- Sustainable Finance policies (Taxonomy, SFDR, CSRD)
- Anti-money laundering (AML)
- Pension reforms in various countries
- Labour market regulation
NN Group has a dedicated Public and Government Affairs (PGA) team.
The PGA team reports to Director Corporate Relations and to the responsible Member of the Management Board NN Group (Chief People, Communications, and Sustainability Officer).
NN Group is registered under number 493416718971-18 at the EU transparency register (Transparency Register (europa.eu)).
See attached PA charter for further information.
