Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2016

The report provides in depth market analysis, information and insights into the Netherlands non-life insurance market, including:

• The Netherlands non-life insurance market’s growth prospects by non-life insurance categories
• The various distribution channels in the Netherlands non-life insurance market
• The competitive landscape in the non-life insurance market in the Netherlands
• A description of the non-life reinsurance market in the Netherlands

The Dutch non-life insurance segment is mature and considered one of the ten largest in the world in terms of gross written premium. The Netherlands non-life insurance segment is highly fragmented and competitive with the presence of more than 174 insurers supplying a variety of products. Due to the impact of the global financial crisis, the non-life segment’s growth was almost stagnant during 2008–2010. Prior to the global financial crisis of 2008, which led to a period of economic deceleration in the Netherlands, leading non-life insurance companies were engaged in pricing competition in order to gain market share.

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Report Details:

Published: August 2012

No. of Pages: 261

Price: Single User License – US$1950              Corporate User License – US$5850

 

   

Scope

This report provides a comprehensive analysis of the non-life insurance market in the Netherlands:

• It provides historical values for the Netherlands non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period
• It offers a detailed analysis of the key sub-segments in the Netherlands non-life insurance market, along with market forecasts until 2016
• It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions
• It analyses the various distribution channels for non-life insurance products in the Netherlands
• Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in the Netherlands for the non-life insurance business
• It provides a detailed analysis of the reinsurance market in the Netherlands and its growth prospects
• It profiles the top non-life insurance companies in the Netherlands, and outlines the key regulations affecting them

Key highlights

• Non-life insurers are now focusing on reducing costs and improving efficiency to generate sufficient profit margins. Disciplined underwriting, lower expense bases (including reduced staff headcounts) and cost-effective sales platforms remain crucial success factors.
• Due to factors such as the global financial crisis, the sovereign debt crisis in the Eurozone and direct competition between banks and insurance companies in savings products, the value of the Dutch life insurance segment declined continuously during the review period.
• Due to the implementation of Solvency II legislation, the Dutch non-life insurance segment is expected to experience further consolidation with an increase in merger and acquisition (M&A) activity over the forecast period.
• The Netherlands non-life insurance segment is highly competitive and firms employ a combination of distribution channels to maximize revenues. Insurance brokers were the second-largest distributor of non-life products in the Netherlands during the review period.
• Considering the fast-changing industry dynamics, insurers are increasingly focusing on cost control measures and economies of scale. Direct marketing is expected to remain the most popular channel, followed by bancassurance and brokers.
• The non-life insurance segment is highly competitive with the presence of around 174 primary insurers. Interpolis Schade N.V. was the leading non-life insurance company in the Dutch non-life insurance segment in 2010 followed by Achmea Schadeverzekeringen N.V. and ASR Schadeverzekering N.V.

Reasons to buy

• Make strategic business decisions using in depth historic and forecast market data related to the Netherlands non-life insurance market and each sector within it
• Understand the demand-side dynamics, key market trends and growth opportunities within the Netherlands non-life insurance market
• Assess the competitive dynamics in the non-life insurance market, along with the reinsurance segment
• Identify the growth opportunities and market dynamics within key product categories
• Gain insights into key regulations governing the Netherlands insurance market and its impact on companies and the market's future