Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij


Nederlandsch-Indische Levensverzekerings en Lijfrente Maatschappij was a major Dutch insurance business with substantial headquarters buildings and branch offices in the Dutch East Indies and in the Netherlands. After Indonesia became independent, major Dutch companies operating there, including NILLMIJ, were nationalized. The company's operations in the Netherlands continued while the Indonesian government continued the renamed Indonesian business PT Asuransi Jiwasraya.

History

Nillmij was founded in 1859 by CFW Wiggers Kerchem, who later worked as President of the Java Bank. Until 1932 the company was named SA Life Insurance Company Nillmij.
The company's success Dutch East Indies was largely due to the interrelationship with the colonial government there and a near monopoly. This came to an end when other insurers were allowed into the colony in 1883. In 1939 the Nillmij took over NV Java Hypotheekbank.
In 1952 the Dutch activities were expanded through a merger with the Life Insurance Corporation Arnhem. The company came was led by the mathematician John Engelfriet, who was one of the first to take the initiative to introduce computers. In 1956, the computer business Electrologica formed as a subsidiary of the Nillmij. In 1966 it was sold to Philips. In 1969, Nillmij merged with another insurance company, the First Dutch, and was renamed Ennia. In 1983 Ennia became Aegon.
The Nillmij built architecturally interesting office buildings for its offices in the Dutch East Indies, several of which stood long after the company left.