Netherlands Insurance Market Outlook to 2015

Executive Summary

The Report titled “Netherlands Insurance Market Outlook to 2015” provides an in-depth analysis of the Netherlands insurance industry. The report covers specific insights on the market size, insurance density, insurance penetration, segmentation and future outlook of the insurance industry in Netherlands. The report also entails the market size on the basis of gross insurance premium written in case of life and non-life insurance and market share of various companies at the country level. Overall, the report offers a comprehensive analysis of the entire Netherlands insurance industry.

The insurance market in Netherlands accounted for ~ % of the total gross insurance premium written in Europe in 2009. There are two insurance markets within Netherlands - the provincial market which includes many small Dutch insurers managing personal and small commercial risks and coinsurance or bourse market which is dominated by foreign insurers who write mainly large commercial and industrial risks. The major role of brokers in the non-life insurance market and a favorable environment to end users continue to ensure that that insurers need to maintain minimum levels of cost and high operating efficiency in order to be successful under competitive pressure. Brokers as a distribution channel are free to work as one or with as many companies as they wish. Foreign insurance companies operating in Netherland include Allianz, Aviva (Delta Lloyd), AIG, Ace, Hannover Insurance, RSA and others.

The gross life insurance premium is expected to increase at marginal rate of ~ % in the forecasted period till 2015. The gross premium is expected to increase from USD ~ million to USD ~ million. The gross non-life insurance market is expected to exhibit a double digit growth rate in the future. The market is expected to register a CAGR of ~ %, rising from USD ~ million in 2009 to USD ~ million. Total gross insurance premium is also expected to increase from USD ~ million in 2009 to USD ~ million in 2015, growing at a CAGR of ~%.

In the future, the life insurance penetration is expected to showcase a meager growth of ~ % from 2009-2015. The penetration is expected to increase from ~ % in 2009 to ~ % in 2015. A higher growth rate is expected in case of non-life penetration compared to life insurance penetration. The penetration is expected to increase from ~ % in 2009 to ~ % in 2015, registering a CAGR of ~%. The total insurance penetration is also expected to increase from ~% in 2009 to ~% in 2015.

Health insurance is the largest segment in the insurance market in Netherlands. Health insurance held ~% of the total insurance market in Netherlands in 2009. Life insurance was another major segment with a prominent share of ~%. Other segment such as motor and property insurance held ~% and ~% market share respectively. Other non-life insurance also held a market share of ~%.

The health insurance market registered a whooping growth of ~% from 2001-2009. The primary reason for this increase was due to privatization of the social security system. The premium increased from USD ~ million in 2001 to USD ~ million in 2009.

In the future also, the increasing trend is likely to continue. The health insurance premium is expected to increase from USD ~ million in 2009 to USD ~ million by 2015, at a CAGR of ~%.

In non-life market, Centrale Zorgverzekeraars Groep is the largest player with a market share of ~%. The second largest player with a market share of ~% is VGZ Zorgverzekeraar NV. Menzis Zorgverzekeraar u.a. OWM and Zilveren Kruis Achmea Zorgverzekeringen are jointly ranked at number three position with a share of ~%. With ~% of the market share, Agis ZorgverzekeringenN.V is the fifth biggest player. Other major players in the market are Groene Land PWZ Achmea ZorgverzekeringenNV, InterpolisSchadeN.V., Achmea Schadever zekeringen N.V., Univé Zorg N.V. and IZA Zorg verzekeraar NV. Other players operating in the region also hold a combined share of ~%.

Scope of Research

The report entails thorough analysis and offers valuable insights on the insurance industry in Netherlands. The scope of the report includes:

• The market size of life and non-life insurance industry in terms of gross insurance premium written in Netherlands, 2001 to 2015
• Life and Non-life insurance density in USD for Netherlands, 2001 to 2015
• Life and Non-life insurance penetration, premium as a percentage of GDP for the country, 2001 to 2015
• Market segmentation on the basis of Product in Netherlands, 2009 and 2015
• Non-life insurance market segmentation by motor, health, property on the basis of gross insurance premium written, 2001-2015
• Competitive Landscape of the major life insurers (NationaleNederlanden, AEGON, Fortis ASR Life, Interpolis, Delta Lloyd) in Netherlands on the basis of gross premium written
• Competitive Landscape of the major non-life insurers (Centrale Zorgverzekeraars, VGZ Zorgverzekeraar, Menzis Zorgverzekeraar, Zilveren Kruis Achmea, Agis) in Netherlands on the basis of gross premium written
• Valuable Insights and Future Outlook of the insurance industry in Netherlands.