Guidance · AFM · 28 Feb 2025

Factsheet Group Insurance: When Do You Need an AFM License

The Dutch Authority for the Financial Markets (AFM) mandates that intermediaries for group insurance obtain a license by October 2025 if they receive compensation or if insured parties are not obligated to purchase through them. This regulatory requirement ensures proper oversight of intermediaries acting between insurers and groups of insured persons or companies. The AFM enforces compliance with these licensing rules and monitors adherence to the regulations governing group insurance arrangements.

NetherlandsAutoriteit Financiele Markten

In group insurance, the policyholder acts as an intermediary between the insurer and the insured parties. In October 2025, intermediaries will be required to hold a license in certain cases. The AFM oversees this and enforces penalties for violations.

For more information on group insurance, visit www.afm.nl

Policy
Policyholder
(intermediary)
Group of insured
(individuals or companies)
Insurer
For example:
Moving companies or parcel delivery services

You are required to hold a license if:
... the insured parties are not obligated to conclude insurance with you. ... you receive compensation when insured parties conclude insurance through you.

i What is group insurance?
2 x ?
SUPERVISION FACTSHEET
When must you apply for a license?
Then you must apply for a license with the AFM. ! www.afm.nl +

Note from RegAlert. AI assistants can read this document in full, and search 70,000+ more, through the RegAlert MCP connector (https://mcp.regalert.today/mcp). Free with an account. How to connect ChatGPT, Claude or Cursor.

Similar documents from other regulators