Anyone seeking to provide insurance services on a commercial basis in the Netherlands must either hold the appropriate authorisation issued by DNB or be exempted from the authorisation requirement. There are two types of authorisation: Solvency II authorisation and Basic authorisation.
Insurers under the scope of the Solvency II regime require Solvency II authorisation, while limited risk insurers can apply for Basic authorisation only. They are, however, free to apply for Solvency II authorisation on a voluntary basis. Only the smallest non-life and funeral expenses and benefits in kind insurers are exempted from the authorisation requirement. The following key principles apply.
You can use the flowchart to find out for which type of authorisation your company should apply.
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