Possible Licence Requirement For Group Insurances

Policyholders of group insurance policies may require a licence from the Netherlands Authority for the Financial Markets (AFM) as an intermediary from 1 October 2025.This licensing requirement is relevant for a wide range of companies including, for example, companies in the transport and moving sector that offer insurance to their customers where the companies concerned are themselves policyholders. According to the AFM, if the policyholder of a group insurance policy offers its customers a choice of joining the insurance policy and the policyholder receives a fee for this in return, this qualifies as providing intermediary services for which, in principle, a licence is required. If a licence is required, it must be obtained before 1 October 2025.