Fortis Insurance N.V. · Utrecht The Netherlands
Company Description
View Fortis Insurance N.V. Locations On A US Map
This link will open in a new window
This link will open in a new window Fortis Insurance is the umbrella organization for the insurance holdings of Benelux finance group Fortis. (Fortis uses a complicated binational holding structure; ownership rests ultimately with both Fortis SA/NV and Fortis N.V. ) Fortis Insurance offers a wide array of insurance products, including life insurance, group benefits, and many types of property/casualty insurance in Belgium, the UK, and elsewhere in Europe and Asia. In 2008 the company's struggling parent firm, burdened by debt and a bad credit environment, took an €11.2 billion (about $16 billion) bailout from the Benelux governments. When the company continued to struggle, Fortis sold all of its banking operations and some insurance operations.
To read the full description, subscribe now.
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!
Key Fortis Insurance N.V. Financials
| Company Type | Subsidiary Headquarters |
| Fiscal Year-End | December |
| Annual Sales (mil.) | $0.0 |
Fortis Insurance N.V. Executives
13 executives listed for Fortis Insurance N.V.'s Utrecht, location.
| Title | Name & Bio | Contact |
| CEO | Bart De Smet | Network |
| CFO | Patrick Depovere | Network |
| Chief Risk Officer | Kurt De Schepper | Network |
Competition
Competitive Landscape for Fortis Insurance N.V.
Demand for health insurance products is driven by the rising costs of medical care. The profitability of individual companies depends on efficient operations and the ability to negotiate favorable contracts with healthcare providers. Large companies and organizations have advantages in negotiating contracts with healthcare providers. Small companies can compete successfully by providing special coverage plans as part of government programs such as Medicaid, or for specialized populations. The industry is highly automated and capital-intensive: annual revenue per employee is close to $1 million. Reforming the US healthcare industry continues to be a top agenda item in Washington, but a consensus on the best way to reduce healthcare spending has yet to be reached. The managed healthcare industry will most certainly be impacted by any changes initiated by federal legislators. To read the full description, subscribe now.Top Fortis Insurance N.V. Competitors
Call Now at 866-464-3202 or Click here for a Free Hoover's Trial!