ING Groep N.V. · Amsterdam The Netherlands ·(NYSE: ING)(Euronext Amsterdam: ING)
Company Description
Phone: +31-20-541-5411
Fax: +31-20-541-5497
Rankings
- Amsterdam Exchange 25
- Dow Jones STOXX 50
- #442 in FT Global 500
- Euronext 100
View ING Groep N.V. Locations On A US Map
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This link will open in a new window ING Groep is a Dutch hybrid of banking, insuring, and asset-managing services. One of the world's largest insurance and financial services companies, its operations are focused on its home Benelux market, as well as the rest of Europe, Asia/Pacific, and North America. Key products include life and non-life insurance, pensions, and retirement services. Its banking operations include wholesale and retail banking and mortgage lending. The company's ING Direct business offers online retail banking. ING provides asset management for individuals and institutions through both its insurance and banking units. The firm has announced plans to spin or sell off its insurance operations to repay government bailout loans. To read the full description, subscribe now.
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ING Groep N.V. Executives
54 executives listed for ING Groep N.V.'s Amsterdam, location.
| Title | Name & Bio | Contact |
| Chairman of the Supervisory Board | Peter Elverding | Network |
| Chairman Executive Board and CEO | Jan Hommen | Network |
| Member Executive Board and CFO | Patrick Flynn | Network |
Competition
Competitive Landscape for ING Groep N.V.
Demand is related to consumer income and commercial business activity. When the economy grows, so does the demand for personal and business insurance. When the economy contracts, as it did in the late 2000s, demand for insurance falls. The profitability of individual agencies depends on effective marketing, client referrals, and customer service. Large agencies have advantages in name recognition, connections with more insurers, and the ability to craft more complex insurance packages. Although small agencies formerly competed by specializing in a specific product line, they are increasingly diversifying to build business. Average annual revenue per employee is around $200,000. To read the full description, subscribe now.Top ING Groep N.V. Competitors
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