ASR Nederland N.V. (ENXTAM:ASRNL) will look for M&A. Jos Baeten, Chief Executive Officer said during the Capital Markets Day 2024, "And I already mentioned M&A, because there is no M&A in the targets we present today, but I like to talk about it anyway. Where do we expect that we will be able to grow further through M&A? At the end of this year, we are done with the P&C integration and with the integration of our Disability business. Specifically in P&C, the top 3 in the Netherlands owns, rounded 65% of the market.

And we expect that we will be able to do M&A in the tail of the remaining 15 to 20 companies in The Netherlands. Because as a P&C company, you have to invest in online, you have to integrate GenAI, et cetera, and we expect that not every insurance company -- small insurance company in The Netherlands will be able to do so".