NN Group CEO David Knibbe Expects 'Lots of Volatility' Ahead

The video discusses the current state of the insurance sector, highlighting market volatility due to factors like inflation, the Ukraine war, and COVID-19. It explores the increased demand for protection products and the impact of these events on Central and Eastern European markets. The discussion also covers how inflation and higher interest rates affect the insurance business, with a focus on ESG investments and regulatory changes. Finally, it details the strategic decision to spin off NN Investment Partners and partner with Goldman Sachs.

What is one of the main reasons for the expected volatility in the insurance sector?

• Decreasing demand for insurance products

• Global issues like inflation and geopolitical tensions

• Lack of need for protection products

• Stable economic conditions

How did COVID-19 influence people's perception of insurance?

• It decreased the demand for insurance products

• It led to the cancellation of insurance policies

• It made people more aware of the need for protection

• It had no impact on insurance demand

What is the impact of the war in Ukraine on the insurance business in Central and Eastern Europe?

• It has no impact on the insurance business

• It has led to a complete halt in insurance sales

• It has caused short-term negative impacts on new business

• It has increased the cancellation of existing policies

How does inflation typically affect the insurance sector?

• It is generally beneficial due to higher interest rates

• It has no impact on the insurance sector

• It causes insurance companies to lose money

• It leads to lower interest rates

What is the company's stance on ESG investments?

• They are not interested in ESG investments

• They have a high ambition and commitment towards ESG

• They are reducing their focus on ESG

• They believe ESG investments are not beneficial

Why did the company decide to partner with Goldman Sachs?

• To exit the insurance business

• To benefit from a wider range of products and expertise

• To focus solely on their own asset management

• To reduce their product offerings

What is the significance of the regulation mentioned in the context of ESG?

• It has no impact on ESG investments

• It discourages companies from pursuing ESG goals

• It provides clarity and transparency in defining ESG

• It complicates the process of ESG investments