Insurance, Project Update, Urbancooker

ONVZ & Philips introduce new insurance product

It was a year ago when I stepped into Philips Headquarters in Amsterdam. After an interesting call a week before I explained several new possible innovations.

A year ago I had not yet figured out the exact business case, nor the operational impact or even developed the road to a launch date. And as we probably all have experienced, it is common to find resistance for a new idea or innovation. People tend to get nervous and often excel in introducing new obstacles.

Two outstanding teams from both companies managed to overcome every obstacle with enthousiasm, a professional attitude and the right spirit. It resulted in a swift operational implementation and the launch of the first insurance policy available in the world with a focus on prevention and health and with the integration of the smartest toothbrush technology for everybody. Press Annoucement

 

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Insurance

Health Insurance Premiums Rise

People traditionally speak out against the ‘high’ cost of health insurance at the end of every year.  But it is unclear to many why the average health insurance  in the Netherlands rose this year with approximately €10 per month. This video (start at 1:08) explains why the health insurance premium increased at ONVZ Health Insurance. Apart from the possibility to implement new (cost-reducing) innovations in health care there are three reasons why the insurance premium rose this year:

  • The demographic of the Netherlands country (the average age is still growing – and an older population tends to consume more health care)
  • The legal required insured care increased (more insured care results in a more comprehensive care package and therefore in a higher price for the insurance)
  • The extra buffer the insurance company have next to the capital buffer shrunk (last year the insurance companies reduced their buffers in favour of their clients – this year the buffers aren’t high enough to compensate for the increased health care prices)
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