The Dutch Authority for the Financial Markets (AFM) has published its 2024 annual report alongside two thematic analyses, linking heightened geopolitical tensions and shifting European Union and United States dynamics to the need to strengthen financial resilience and reassess supervisory priorities. AFM chair Laura van Geest called for cooperation to advance the European Savings and Investment Union (SIU), citing the Dutch financial sector’s strong interconnections with the US and dependence on US technology. An accompanying insurance study finds that at nearly half of the non-life insurers reviewed, loyal customers sometimes pay higher premiums than comparable newer customers, creating higher profit margins on loyal policyholders and potentially conflicting with fair customer treatment and product development standards. The AFM noted potential harm for consumers who switch rarely or face barriers to switching, and it is engaging with the insurers concerned and the Dutch Association of Insurers while continuing to monitor developments. A separate publication on accountancy reports that around 30% of statutory audits are carried out by audit firms with a regular licence that cooperate with private equity, a higher share than in previous years; the AFM argues the risks outweigh the opportunities, warning that commercial incentives can put the public-interest role of audit and statutory audit quality under pressure.

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