In terms of gross written premium, the Dutch life insurance segment is the 13th-largest in Europe, and accounted for the second-largest share of the Dutch industry (25.0%) in 2012. Gross written premium recorded a compound annual growth rate (CAGR) of 7.9% during the review period (2008?2012), from EUR79.3 billion (US$116.2 billion) in 2008 to EUR76.0 billion (US$97.8 billion) in 2012. This was primarily due to the financial crisis and the addition of savings products to bank portfolios, which provide the same tax advantages as insurance products. This increased competition and put pressure on unit-linked products.
Due to the impact of the global financial and debt crises, the Dutch non-life segment was largely stagnant during the review period (2008-2012) and fell marginally at a compound annual growth rate (CAGR) of -1.6%. The segment is highly fragmented and competitive, with 160 insurers supplying a variety of products
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In terms of written premium, the Netherlands’ insurance industry is one of the global leaders. During the review period (2008-2012) the nation’s reinsurance segment registered negative growth due to the adverse effect of the global financial crisis and subsequent European debt crisis
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Title: STRENGTHENING THE REGULATORY AND SUPERVISORY CAPACITY OF THE FINANCIAL REGULATORS Description: Image credit to FreeDigitalPhotos.net Last modified by
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Annual Report 2003 Bank van de Nederlandse Antillen Willemstad, July 5, 2004 Developments in the real sector Macro-economic key figures main trading partners Economic ...
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