{"product_id":"nn-group-bcg-matrix","title":"NN Group Boston Consulting Group Matrix","description":"\u003cdiv class=\"pr-shrt-dscr-wrapper orange\"\u003e\n\u003csection class=\"pr-shrt-dscr-box\"\u003e\n\u003cdiv class=\"pr-shrt-dscr-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Magnifier-Icon.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eSee the Bigger Picture\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"pr-shrt-dscr-content\"\u003e\n\u003cp\u003eQuick snapshot: NN Group’s BCG Matrix shows which business lines are market leaders, which are steady cash cows, and which need rethinking — Stars, Cash Cows, Question Marks, Dogs — all in one clear view. Want the full picture with quadrant-by-quadrant data, strategic moves and editable Word\/Excel files? Purchase the complete BCG Matrix for actionable recommendations you can use right away.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter green\"\u003eS\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003etars\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper green\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLeading pensions \u0026amp; retirement solutions (NL)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eHigh market share in a structurally growing Dutch retirement market: 65+ population ≈20.8% (Eurostat 2024) and pension assets among the largest globally (~180% of GDP, OECD 2023) sustain long-term demand. The shift from DB to DC and aging demographics keep contribution flows rising. Ongoing investment in advice, digital onboarding, and compliance is required. Hold share now; this line compounds into long-term scale.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eJapanese protection franchise\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eJapanese protection franchise: strong brand and distribution in a market that values long-term security, serving a population with roughly 29% aged 65+ (2024). Protection-savings hybrids continue expanding as households de-risk and seek guaranteed income. Requires continual product refresh and sales-force enablement to remain first-call. Keep the flywheel turning and it can graduate to a cash cow as growth normalizes.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMulti-asset retirement investing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNN Group’s multi-asset retirement franchise benefits from pension-linked sticky inflows as global retirement assets surpassed $60 trillion in 2024, driving demand for fiduciary solutions. The market for outcome-oriented and drawdown funds is expanding rapidly, with retirement-product AUM growing at roughly a low double-digit CAGR through 2024. Success requires top-tier performance, robust risk control and disciplined fees. Invest in analytics and client portals to deepen client engagement and extend leadership.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-green-section\"\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eDigital direct non-life (selected EU)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eDigital direct non-life (selected EU) is scaling as online motor and home lines lower acquisition cost and enable smarter pricing; 2024 shows accelerating self-service and mobile-claims adoption driving healthy premium growth and retention. Continued investment in data, APIs and UX is required to defend share while efficiency gains fund expansion without blowing the budget.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024: higher digital conversion and lower CAC\u003c\/li\u003e\n\u003cli\u003eFocus: data, APIs, UX\u003c\/li\u003e\n\u003cli\u003eTrend: mobile claims \u0026amp; self-service\u003c\/li\u003e\n\u003cli\u003eOutcome: efficiency-fueled growth\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-green-section4\"\u003e\n\u003cdiv class=\"title-row-green-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eWorkplace benefits platforms for SMEs\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-green-section blur_box\"\u003e\n\u003cp\u003eWorkplace benefits platforms for SMEs are Stars for NN Group as bundled pension, protection and wellness adoption accelerated ~25% in 2024, with integrated portals creating strong lock-in and 20-40% higher cross-sell rates; winning requires broad product suites and partner ecosystems, and scaling now moves unit economics from loss to profitable at modest incremental CAC.\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003e2024 adoption growth ~25%\u003c\/li\u003e\n\u003cli\u003eCross-sell lift 20-40%\u003c\/li\u003e\n\u003cli\u003eLock-in via portals: lower churn\u003c\/li\u003e\n\u003cli\u003eScale sharply improves unit economics\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-Stars-Star-Icon-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eScale retirement: digitize Dutch pensions, refresh Japan protection, boost multi-asset UX\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eHigh-share Dutch pensions: 65+ ≈20.8% (Eurostat 2024) and pension assets ≈180% of GDP (OECD 2023) sustain demand; invest in digital advice and compliance to hold share. Japanese protection: 65+ ≈29% (2024); hybrids growing—refresh products to retain leadership. Multi-asset retirement and workplace platforms show strong inflows (global retirement assets $60T in 2024); scale analytics and UX.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eFranchise\u003c\/th\u003e\n\u003cth\u003eKey 2024 Metrics\u003c\/th\u003e\n\u003cth\u003eAction\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eDutch pensions\u003c\/td\u003e\n\u003ctd\u003e65+ 20.8%; assets ≈180% GDP\u003c\/td\u003e\n\u003ctd\u003eDigital advice, compliance\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eJapan protection\u003c\/td\u003e\n\u003ctd\u003e65+ ≈29%\u003c\/td\u003e\n\u003ctd\u003eProduct refresh, distribution\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eRetirement\/Multi-asset\u003c\/td\u003e\n\u003ctd\u003eGlobal assets $60T\u003c\/td\u003e\n\u003ctd\u003eAnalytics, performance\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eWorkplace platforms\u003c\/td\u003e\n\u003ctd\u003eAdoption +25%; cross-sell 20-40%\u003c\/td\u003e\n\u003ctd\u003eScale portals, partner ecosys\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_orange\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-includes\"\u003e\n\u003ch2\u003eWhat is included in the product\u003c\/h2\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Word-Icon.svg\" alt=\"Word Icon\"\u003e\n\u003cstrong\u003eDetailed Word Document\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eIn-depth BCG Matrix review of NN Group's portfolio, with strategic moves for Stars, Cash Cows, Question Marks and Dogs.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"plus-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Plus-Icon.svg\" alt=\"Plus Icon\"\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-includes\"\u003e\n\u003cdiv class=\"title-row-includes\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Excel-Icon.svg\" alt=\"Excel Icon\"\u003e\n\u003cstrong\u003eCustomizable Excel Spreadsheet\u003c\/strong\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-includes\"\u003e\n\u003cp\u003eOne-page NN Group BCG Matrix placing each business unit in a quadrant for instant strategic clarity and quick decision-making.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-2_new_design\"\u003e\n\u003cdiv class=\"frst_big_letter_heading\"\u003e\n\u003ch2\u003e\n\u003cspan class=\"frst_big_letter_letter orange\"\u003eC\u003c\/span\u003e\u003cspan class=\"frst_big_letter_text\"\u003eash Cows\u003c\/span\u003e\n\u003c\/h2\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-wrapper orange\"\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eLegacy life back-books (NL\/EU)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eLegacy life back-books (NL\/EU) are mature portfolios with high market share and predictable margins, delivering roughly €1bn annual excess cash from disciplined run-off; low single-digit ANP growth but strong cash conversion. Focus remains on claims excellence, capital optimization and lapse control to preserve economics. Surplus is actively milked to fund strategic growth bets and shareholder dividends.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003csection class=\"sub-highlight-box\"\u003e\n\u003cdiv class=\"sub-highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGroup life \u0026amp; disability\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"sub-highlight-content\"\u003e\n\u003cp\u003eGroup life \u0026amp; disability at NN Group is a cash cow: established employer relationships and low churn (single-digit rates) delivered steady premium inflows in 2024, underpinning predictable cash generation. Pricing sophistication and disciplined claims management drove above-portfolio profitability and controlled loss ratios. Limited market growth in core markets keeps investment needs modest, so maintaining underwriting discipline and service SLAs preserves cash yield.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-2_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Image.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eMotor and home insurance (core markets)\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eMotor and home insurance in NN Group are large, mature books with refined pricing and broad distribution; non-life written premiums stayed stable in 2024 while management focused on margin. Telematics and a dense repair-network helped improve claims handling and trimmed the combined ratio to about 94% in 2024. Organic growth is tepid, so efficiency and expense control are the primary levers. Harvest cash while keeping loss ratios tight and costs lean.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"product-orange-section\"\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eGeneral account fixed-income investing\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eNN Group manages roughly EUR 260bn of insurer assets (2023), delivering scale and low unit costs in general account fixed-income investing; stable fee capture and a balance-sheet spread around 1.8% have underpinned earnings in recent years. Incremental tech (automation, analytics) can lift productivity further, while tight duration, ALM and credit discipline are required to sustain the cash cow.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eScale: EUR 260bn (2023)\u003c\/li\u003e\n\u003cli\u003eSpread: ~1.8% supporting earnings\u003c\/li\u003e\n\u003cli\u003eProductivity: automation\/analytics upside\u003c\/li\u003e\n\u003cli\u003eRisk: strict duration, ALM, credit discipline\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"product-box-orange-section4\"\u003e\n\u003cdiv class=\"title-row-orange-section\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-2.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003eTraditional pension administration\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"content-row-orange-section blur_box\"\u003e\n\u003cp\u003eTraditional pension administration at NN Group represents a cash cow: sticky mandates with high switching costs deliver strong revenue visibility and predictable capex, while process automation lifts margins without large growth spend; excess cash funds modernization of client tooling and investment in next‑gen offerings.\u003c\/p\u003e\n\u003cp\u003e\u003c\/p\u003e\n\u003cul class=\"lst_crct\"\u003e\n\u003cli\u003eSticky mandates\u003c\/li\u003e\n\u003cli\u003ePredictable capex\u003c\/li\u003e\n\u003cli\u003eAutomation boosts margins\u003c\/li\u003e\n\u003cli\u003eCash funds modernization\u003c\/li\u003e\n\u003c\/ul\u003e\n\u003c\/div\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e\n\u003csection class=\"highlight-box\"\u003e\n\u003cdiv class=\"highlight-icon\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/BCG-Content-CashCows-Icon-Dollar-Color-1.svg\" alt=\"Icon\"\u003e\n\u003ch3\u003e\n\u003cstrong\u003e€1bn\u003c\/strong\u003e cash; \u003cstrong\u003e€260bn\u003c\/strong\u003e assets; \u003cstrong\u003e1.8%\u003c\/strong\u003e spread\u003c\/h3\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"highlight-content\"\u003e\n\u003cp\u003eNN Group cash cows: legacy life back-books generate ~€1bn excess cash annually with low-single-digit ANP growth; group life \u0026amp; disability deliver steady premiums with \u0026lt;10% churn; motor\/home are mature lines (combined ratio ~94% in 2024) prioritizing margin; insurer asset scale (EUR 260bn, 2023) and ~1.8% spread underpin stable earnings.\u003c\/p\u003e\n\u003ctable class=\"tbl_prdct green_head blur_tbl\"\u003e\n\u003cthead\u003e\u003ctr\u003e\n\u003cth\u003eSegment\u003c\/th\u003e\n\u003cth\u003eKey 2024\/23 metric\u003c\/th\u003e\n\u003cth\u003eRole\u003c\/th\u003e\n\u003c\/tr\u003e\u003c\/thead\u003e\n\u003ctbody\u003e\n\u003ctr\u003e\n\u003ctd\u003eLegacy life\u003c\/td\u003e\n\u003ctd\u003e~€1bn excess cash (2024)\u003c\/td\u003e\n\u003ctd\u003eHarvest\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eGroup life \u0026amp; disability\u003c\/td\u003e\n\u003ctd\u003echurn \u0026lt;10%\u003c\/td\u003e\n\u003ctd\u003eStable cash\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eMotor \u0026amp; home\u003c\/td\u003e\n\u003ctd\u003eCR ~94% (2024)\u003c\/td\u003e\n\u003ctd\u003eMargin focus\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003eAssets\/Investing\u003c\/td\u003e\n\u003ctd\u003eEUR 260bn (2023), spread ~1.8%\u003c\/td\u003e\n\u003ctd\u003eScale income\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003ctr\u003e\n\u003ctd\u003ePension admin\u003c\/td\u003e\n\u003ctd\u003esticky mandates\u003c\/td\u003e\n\u003ctd\u003ePredictable cash\u003c\/td\u003e\n\u003c\/tr\u003e\n\u003c\/tbody\u003e\n\u003c\/table\u003e\n\u003cbutton class=\"get_full_prdct_green\" onclick=\"get_full()\"\u003e\u003c\/button\u003e\n\u003c\/div\u003e\n\u003c\/section\u003e\n\u003cdiv class=\"container_new_design\"\u003e\n\u003cdiv class=\"text-section text-1_new_design\"\u003e\n\u003ch2\u003e\n\u003cspan style=\"color: #3BB77E;\"\u003eDelivered as Shown\u003c\/span\u003e\u003cbr\u003eNN Group BCG Matrix\u003c\/h2\u003e\n\u003cp\u003eThe file you're previewing here is the exact BCG Matrix report you'll receive after purchase. No watermarks, no placeholders—just the finished, fully formatted analysis ready for immediate use. Built by strategy pros, it’s crafted for clarity and action so you can drop it into presentations or planning sessions. Once bought, the full document is yours to edit, print, or share—no surprises, no extra steps.\u003c\/p\u003e\n\u003c\/div\u003e\n\u003cdiv class=\"image-section image-1_new_design\"\u003e\n\u003cimg src=\"\/cdn\/shop\/files\/GENERAL-Explore-Preview.svg\" alt=\"Explore a Preview\"\u003e\n\u003c\/div\u003e\n\u003c\/div\u003e","brand":"PortersFiveForce","offers":[{"title":"Default Title","offer_id":55674691322233,"sku":"nn-group-bcg-matrix","price":10.0,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0914\/5276\/8633\/files\/nn-group-bcg-matrix.png?v=1755793352","url":"https:\/\/portersfiveforce.com\/products\/nn-group-bcg-matrix","provider":"Porter's Five Forces","version":"1.0","type":"link"}