Billions Dutch insurance money for weapons – Metronieuws.nl

The money spent on consumers in the Netherlands in life is largely spent on arms and other military equipment in corrupt countries where dictatorial rule makers hold sway, can be used.

Eight of the ten largest life insurers in our country invest a total of 6.8 billion euro in fifteen companies supplying arms and military equipment to include Saudi Arabia, Nigeria and Bahrain. This research shows that leave the Fair Insurance Pointer do to insurers operating in the Dutch market.

Not acceptable

Consumers are shocked generally, as shows an opinion poll. Policyholders find 66 percent of such investments, which are intended as an investment, not acceptable and 81 percent of that group is willing to change inquired of insurance.

“All eight insurers stabbing money in companies that helicopter gunships, tanks, (cluster) bombs or radar systems supplied or still to be supplying Saudi Arabia. This land used recently banned cluster munitions in Yemen and is known for its miserable human rights record, “said Suzanne Oosterwijk peace organization PAX. They may want to spend not imagine that Dutch consumers here their money.

Out of the ten insurance companies invested only Achmea and ASR not in arms. The eight others are found to have financial ties with companies like Lockheed Martin, BAE Systems and Airbus Group, which in the study period 2010-2014 weapons and weapons supplied to include dictatorships and corrupt countries.

Outliers

The biggest outliers Allianz investments of over 2.6 billion, Legal & amp; General by over 2 billion and APG (parent company of Loyalis) with 984 million. The top three are followed by Aegon (805 million), NN Group (235 million), Generali (43 million). Delta Lloyd (18 million) and SNS Reaal (3 million) have small investments in the surveyed arms companies.

The starting point in the study was that insurers should not invest in companies that drive the arms trade with countries against which an arms embargo , unfree countries, countries where armed conflicts are fragile and corrupt states and poor countries which spend an excessive part of their budget on military spending

Read also:. Saudi Arabia imports Most weapons

No policy

“Some insurers have no specific policies for investments in businesses involved in controversial arms trade. We call to exclude insurers on such investments. This prevents weapons in the wrong hands, “said Oosterwijk.