8.7Abbreviations
| Abbreviation | Definition |
|---|---|
| €STR | Euro Short-Term Rate |
| A&RC | Audit & Risk Committee |
| ACM | Authority for Consumers and Markets (Autoriteit Consument & Markt) |
| AEX | Amsterdam Exchange Index |
| AF | Actuarial Function |
| AFM | Dutch Authority for the Financial Markets (Autoriteit Financiële Markten) |
| AGM | Annual General Meeting |
| AI | Artificial Intelligence |
| AI Act | European Artificial Intelligence Act |
| AIFM | Alternative Investment Fund Managers |
| AIVD | General Intelligence and Security Service (Algemene Inlichtingen- en Veiligheidsdienst) |
| ALM | Asset Liability Management |
| AML | Anti-Money Laundering |
| Amvest RCF | Amvest Residential Core Fund |
| Amvest LCF | Amvest Living & Care Fund |
| Amvest DF | Amvest Development Fund |
| AMX | Amsterdam Midcap Index |
| AP | Dutch Data Protection Authority (Autoriteit Persoonsgegevens) |
| APE | Annual Premium Equivalent |
| APFS | ASR Pensioenfondsen Services |
| ASR DCRF | ASR Dutch Core Residential Fund |
| ASR DFLF | ASR Dutch Farmland Fund |
| ASR DMOF | ASR Dutch Mobility Office Fund |
| ASR DPRF | ASR Dutch Prime Retail Fund |
| ASR DSPF | ASR Dutch Science Park Fund |
| ASR MF | ASR Mortgage Fund |
| ASR PDF | ASR Private Debt Fund |
| ASR SAM | ASR Separate Account Mortgage Fund |
| AUD | Australian Dollar |
| AuM | Assets under Management |
| BMR | Benchmark Regulation |
| BPO | Business process outsourcing |
| bps | Basis points |
| BRC | Business Risk Committee |
| BSCR | Basic Solvency Capital Requirement |
| BVPA | Dutch Association for Public Affairs (Beroepsvereniging voor Public Affairs) |
| CAD | Canadian Dollar |
| CAPM | Capital Asset Pricing Model |
| CBS | Statistics Netherlands (Centraal Bureau voor de Statistiek) |
| CCA | Climate change adaptation |
| CCM | Climate change mitigation |
| CCR | Counterparty Credit Rating (Standard & Poor's) |
| CCT | Central Crisis Team |
| CDD | Customer Due Diligence |
| CDP | Carbon Disclosure Project |
| CEO | Chief Executive Officer |
| CFO | Chief Financial Officer |
| CGU | Cash Generating Unit |
| CHRO | Chief Human Resources Officer |
| CIC | Central Investment Committee |
| CISO | Chief Information Security Officer |
| CLA | Collective Labour Agreement |
| CMD | Capital Markets Day |
| CO₂ | Carbon dioxide |
| CO2e | CO2 equivalent |
| CoC | Cost of Capital |
| COO | Chief Operating Officer |
| COR | Combined Ratio |
| COR a.s.r. | Central Works Council a.s.r. (Centrale Ondernemingsraad a.s.r.) |
| COR Aegon | Central Works Council (Centrale Ondernemingsraad Aegon) |
| COSO | Committee of Sponsoring Organizations of the Treadway Commission |
| CRO | Chief Risk Officer |
| CRREM | Carbon Risk Real Estate Monitor |
| CSA | Credit Support Annex |
| CSDDD | Corporate Sustainability Due Diligence Directive |
| CSM | Contractual service margin |
| CSP | Concentrated solar power |
| CSR | Corporate Social Responsibility |
| CSRD | Corporate Sustainability Reporting Directive |
| CTO | Chief Technology Officer |
| DB | Defined benefit |
| DBA | Employment Relationships Deregulation Act (Wet Deregulering Beoordeling Arbeidsrelaties) |
| DC | Defined contribution |
| DCF | Discounted Cash Flow |
| DEI | Diversity, equity and inclusion |
| DGBC | Dutch Green Building Council |
| DJSI | S&P Global Dow Jones Sustainability Index |
| DKK | Danish crown |
| DNB | Dutch Central Bank (De Nederlandsche Bank) |
| DORA | Digital Operational Resilience Act |
| DUFAS | Dutch Fund and Asset Management Association |
| DVA | Dynamic volatility Adjustment |
| EB | Executive Board |
| EC | European Commission |
| ECB | European Central Bank |
| EEA | European Economic Area |
| EFRAG | European Financial Reporting Advisory Group |
| EGM | Extraordinary General Meeting |
| EIOPA | European Insurance and Occupational Pensions Authority |
| eMood® | Employee Mood Monitor |
| eNPS | Employee Net Promoter Score |
| EOF | Eligible own funds |
| EONIA | Euro OverNight Index Average |
| ERC | First line Risk & Control (Eerste lijn Risk & Control) |
| ERM | Enterprise Risk Management |
| ESG | Environmental, Social and Governance |
| ESPP | Employee share purchase plan |
| EU | European Union |
| EU SFAP | European Sustainable Finance Action Plan |
| Euribor | Euro Interbank Offered Rate |
| FCAB | Framework for Climate Adaptive Buildings |
| FMA | Future Management Action |
| FR | Financial risks |
| FRC | Financial Risk Committee |
| FRM | Financial Risk Management |
| FSCB | Financial Services Complaints Board |
| FTE | Full-Time Equivalent |
| GBP | Pound Sterling |
| GDDZ | Green Deal Sustainable Healthcare |
| GDP | Gross Domestic Product |
| GDPR | General Data Protection Regulation |
| GHG | Greenhouse gas |
| GIIN | Global Impact Investing Network |
| GMM | General Measurement Model |
| GRC | Governance, Risk and Compliance |
| GRESB | Global Real Estate Survey Benchmark |
| GRI | Global Reporting Initiative |
| GRM | Group Risk Management |
| GWP | Gross Written Premiums |
| HKD | Hong Kong Dollar |
| HR | Human Resources |
| IAS | International Accounting Standards |
| IBNR | Incurred but not reported |
| IBOR | Interbank offered rate |
| ICT | Information and Communications Technology |
| IDD | Insurance Distribution Directive |
| IFRS | International Financial Reporting Standards |
| IFSR | Insurer Financial Strength Rating (Standard & Poor's) |
| IIRC | International Integrated Reporting Council |
| ILO | International Labour Organisation |
| IMP | Individual Monitoring Plan |
| IORP | Institution for Occupational Retirement Provision (Premiepensioeninstelling) |
| IRRD | Insurance recovery and resolution directive |
| ISDA | International Swaps and Derivatives Association |
| ISIN | International Securities Identification Number |
| IT | Information Technology |
| ITSA | IT Transitional Service Agreement |
| IVBN | Dutch Association of Institutional Investors in Real Estate (Vereniging van Institutionele Beleggers in Vastgoed) |
| KNMI | Royal Netherlands Meteorological Institute (Koninklijk Nederlands Meteorologisch Instituut) |
| KPI | key performance indicator |
| kWh | kilowatt-hour |
| KYC | Know Your Customer |
| LAC DT | Loss Absorbing Capacity Deferred Tax |
| LAC TP | Loss-Absorbing Capacity of Technical Provisions |
| LAT | Liability Adequacy Test |
| LDI | Liability-Driven Investing |
| LEAP | Locate, Evaluate, Assess and Prepare approach of TNFD |
| LoC | Level of Concern |
| LTO | Netherlands Agricultural and Horticultural Association (Land- en Tuinbouw Organisatie Nederland) |
| LULUCF | Land Use, Land-Use Change and Forestry |
| M&A | Mergers and Acquisitions |
| MB | Management Board |
| MiFID | Markets in Financial Instruments Directive |
| MSCI | Morgan Stanley Capital International |
| MT | Management Team |
| MTA | Social team activity (Maatschappelijke Team Activiteit) |
| MtM | Mark-to-Market |
| MV | Model Validation |
| N&ESGC | Nomination & Environmental, Social and Governance Committee |
| N/A | Not applicable |
| NAB | Netherlands Advisory Board on impact investing |
| NCSC | National Cyber Security Centre |
| NFR | Non-financial risks |
| NFRC | Non-Financial Risk Committee |
| NGOs | Non-governmental and non-profit organisations |
| NHG | National Mortgage Guarantee (Nationale Hypotheek Garantie) |
| Nibud | National Institute for Family Finance Information (Nationaal Instituut voor Budgetvoorlichting) |
| NPS | Net Promoter Score |
| NPS-c | Net Promoter Score for contact moments |
| NPS-d | Net Promoter Score for digital channels |
| NPS-i | Net Promoter Score for interactions |
| NPS-r | Net Promoter Score for customer relationship |
| NSLT | Not Similar to Non-life Techniques |
| NSR | Dutch Debt Assistance Route (Nederlandse Schuldhulproute) |
| NZIA | Net-Zero Insurance Alliance |
| OCs | Subcommittees (Onderdeelcommissies) |
| OCC | Organic capital creation |
| OECD | Organisation for Economic Co-operation and Development |
| OIFR | Operating Investment and Finance Result |
| OISR | Operating Insurance Service Result |
| OR a.s.r. | Works Council a.s.r. (Ondernemingsraad a.s.r.) |
| ORs | Works Councils (Ondernemingsraden) |
| ORM | Operational Risk Management |
| ORSA | Own Risk and Solvency Assessment |
| OTC | Over the Counter |
| OTSO | Supervised entity (Onder toezicht staande onderneming) |
| P&C | Property & Casualty |
| p.a. | per annum |
| PAA | Premium allocation approach |
| PARP | Product Approval & Review Process |
| PBAF | Partnership for Biodiversity Accounting Financials |
| PCAF | Partnership for Carbon Accounting Financials |
| PQC | Post-quantum cryptography |
| PfZW | Dutch pension fund for the care and welfare sector (Pensioenfonds Zorg en Welzijn) |
| PII | Personal Identifiable Information |
| PIM | Partial internal model |
| PMO | Preventive Medical Examination (Preventief Medisch Onderzoek) |
| PRI | Policy on Responsible Investments |
| PV | Photovoltaics |
| PVFCF | Present Value of Future Cash Flows |
| RA | Risk adjustment |
| RAS | Risk Appetite Statements |
| RC | Remuneration Committee |
| RG | Review Group |
| RI&E | Risk Inventory and Evaluation |
| RICS | Royal Institution of Chartered Surveyors |
| RIVM | National Institute for Public Health and the Environment (Rijksinstituut voor Volksgezondheid en Milieu) |
| RM | Risk Management |
| RMF | Risk Management Framework |
| ROE | Return on Equity |
| RPA | Robotic Process Automation |
| RT1 | Restricted Tier 1 |
| RVO | Netherlands Enterprise Agency (Rijksdienst voor Ondernemend Nederland) |
| RVU | Early Retirement Regulation (Regeling voor vervroegde uittreding) |
| S&P | Standard & Poor's |
| SAA | Strategic Asset Allocation |
| SB | Supervisory Board |
| SBB | Share buyback |
| SBTi | Science-Based Targets initiative |
| SCR | Solvency Capital Requirement |
| SDGs | Sustainable Development Goals |
| SEK | Swedish Krone |
| SER | Dutch Social and Economic Council (Sociaal-Economische Raad) |
| SF | Standard formula |
| SFCR | Solvency and Financial Condition Report |
| SFDR | Sustainable Finance Disclosure Regulation |
| SG | Steering Group |
| SIRA | Systematic integrity risk analysis |
| SLT | Similar to Life Techniques |
| SME | Small and medium-sized Enterprises |
| SOFR | Secured Overnight Financing Rate |
| SONIA | Sterling Overnight Index Average |
| SPPI | Solely Payment of Principle and Interest |
| SPT | Pension fund for Dentists and Dental-specialists (Pensioenfonds Tandartsen en Tandarts-specialisten) |
| SPV | Special purpose vehicle |
| SRA | Strategic risk analysis |
| TCFD | Task Force on Climate-related Financial Disclosures |
| TNFD | Task Force on Nature-related Financial Disclosures |
| TIBER-NL | Threat Intelligence-Based Ethical Red team |
| TSA | Transitional Service Agreement |
| TVOG | Time value of financial options and guarantees |
| UFR | Ultimate Forward Rate |
| UK | United Kingdom |
| UN PRI | United Nations Principles for Responsible Investments |
| UNGC | United Nations Global Compact |
| UNGPs | The United Nations Guiding Principles on Business and Human Rights |
| US | United States |
| USD | United States Dollar |
| UWV | Employee Insurance Agency (Uitvoeringsinstituut Werknemersverzekeringen) |
| VA | Volatility Adjustment |
| VAT | Value Added Tax |
| VBDO | Dutch Association of Investors for Sustainable Development (Vereniging van Beleggers voor Duurzame Ontwikkeling) |
| VFA | Variable fee approach |
| VKG | Van Kampen Groep |
| VNO-NCW | Confederation of Netherlands Industry and Employers |
| VOBA | Value of Business Acquired |
| VPL | Act Early retirement and life-course savings scheme (Wet aanpassing fiscale behandeling VUT/prepensioen en introductie levensloopregeling) |
| WCAG | Web Content Accessibility Guidelines |
| WEF | World Economic Forum |
| Wft | Financial Supervision Act (Wet Financieel Toezicht) |
| WG | Working Group |
| WIA | Work and Income according to Labour Capacity Act (Wet Werk en Inkomen naar Arbeidsvermogen) |
| WTP | Future Pensions Act (Wet toekomst pensioenen) |
| Wwft | Anti-Money Laundering and Anti-Terrorist Financing Act (Wet ter voorkoming van witwassen en financieren van terrorisme) |
| ZVW | Health Insurance Act (Zorgverzekeringswet) |
| ZAR | South African Rand |