Online insurers have a flat organisation 

The management team of Ineas Insurance Company N.V., the new on-line insurer starting operations in Amsterdam this summer, is composed of leading European insurance professionals. A team of experts with vast experience in the fields of insurance and web site technology has joined the founder of Ineas, Mr Niek W. Ligtelijn, to manage the company.

By placing insurance advice and practical information on its corporate web site www.ineas.nl the company offers the consumer a simple and clear way to buy insurance on-line. The client can also manage his or her insurance and view the progress of claims processes on-line. A separate module named Primes^® has been developed in order to offer complementary service information on personal risk management. The innovative concept of Ineas combines five core qualities: it is easy to use, fast, secure, personal and transparent.

The company’s organisation allows Ineas to react swiftly and with flexibility to market changes. All members of the Board of Directors and the management team are professionals with long track records in the insurance industry.

In order to retain a lean and efficient corporate structure, Ineas works with a network of selected Partner Suppliers offering their consulting and supply services. They are leading European companies in the fields of Information technology, claims settlement, marketing and public relations

A list of the Partner Suppliers can be viewed on the corporate website www.ineas.nl.

The Board of Directors of Ineas Insurance Company N.V.

Mr Niek W. Ligtelijn, CEO and Chairman of the Board of Directors
Wolfgang Franke, Director
Ruud van Baalen, Director

The Management of Ineas Insurance Company N.V.
Mr Niek W. Ligtelijn, CEO and Chairman of the Board of Directors
Wolfgang Franke, Director
Ruud van Baalen, Director
Annemie Averill-Vanormelingen, Marketing Manager
Sjoerd Vredenberg, Administration Manager
Ing. Ewout J. van Zonneveld, Underwriting and Claims Manager

Profiles

Mr Niek W. Ligtelijn

CEO and Chairman of the Board of Directors. Before founding Ineas Insurance Company N.V. in 1997 Niek Ligtelijn (52) was Member of the Group Council of Fortis (Nederland) from 1994 to 1997 and Chairman of the Board of Amev/Interlloyd. He served on the Board of Directors of Sedgwick Nederland and was Director of O.W.J. Schlencker Assuradeuren from 1991 to 1994. Between 1978 and 1991 he worked in various management positions for the US insurance company FM Insurance in London, Brussels (Marketing) and Paris (responsible for the Benelux business division). During the last five years of his period with FM Insurance Ligtelijn acted as Regional Director for Middle Europe in Annecy (near Geneva). Ligtelijn started his career in the Netherlands 1972 as claims expert at Benjamins Export.

Furthermore, he held several functions in the Dutch Insurers Association and was Chairman of the Amsterdamse Assurantiebeurs from 1992 to 1994.

Wolfang Franke

Member of the Board of Directors, jointly responsible for Development and Strategy and responsible for Reinsurance and Claims Settlement. Wolfgang Franke (47), a German national, was Director of Interlloyd Schadeverzekeringsmaatschappij N.V. (Germany) and Private Property and Liability Underwriting Manager at ARAG Allgemeine in Düsseldorf from 1991 to 1998. He began his career in 1971 with Kölnische Schadenversicherung AG, was appointed Manager of Reinsurance in 1975 and subsequently served on its Board of Directors between 1980 and 1988.

Ruud B. van Baalen

Member of the Board of Directors, jointly responsible for Development and Strategy as well as for Product Development and Underwriting. Ruud van Baalen (70) has been working in the insurance industry for more than thirty-five years including more than twenty years in various director positions. These included the position as Director of O.W.J. Schlencker Assuradeuren from 1976 to 1993.

Annemie Averill-Vanormelingen

Marketing Manger. Annemie Averill’s (46), a Belgian national, did marketing work for the harbour of Zeebrugge. She then worked as a marketing executive for Protection Insurance Company, an American based insurer. From 1983 she held various marketing positions in the American insurance group Factory Mutual Insurance. Based in Brussels she was responsible for the regions Benelux, France and Spain.

Sjoerd Vredenberg

Manager Administration and IT. Sjoerd Vredenberg (34) is project manager and responsible for the co-ordination and development of operating processes and information technology systems. Before joining Ineas he was a consultant for organisation processes with Fortis, being involved in inner-departmental merger and efficiency projects. Then he founded a mail order company which specialised in selling CDs over the Internet. In 1989 Vredenberg joined Amev’s automation department where he was involved with the development of new systems for claims settlement and policy administration.

Ing. Ewout J. van Zonneveld

Claims Manager and jointly responsible for Underwriting Technology as well as for the development of Primes^® (Personal Risk Management). Ewout van Zonneveld (47) is a professional with a track record in the claims settlement business. Between 1995 and 1998 he was statutory Director of Sarex Expertise B.V., the leading assessment specialist for motor vehicles. Prior to that Van Zonneveld was appointed project leader and deputy director responsible for the development and implementation of the international Audatex system (automated loss/damage calculation) and Audalet system (bodily injury). Until 1982 he worked as a consultant and writer for Innovam (an institute in the automobile sector).

 Amsterdam, september 24, 1999