Non-Life Insurance in the Netherlands, Key Trends and Opportunities to 2019

Date: 2015-12
Pages:122
Price:

“โ€ข The non-life segment accounted for 14.9% of the industryโ€™s direct written premium in 2014.

โ€ข Property insurance was the largest category in the segment in terms of gross written premium during the review period.

โ€ข On September 4, 2014, the European Court of Justice (ECJ) delivered a judgment requiring all EU member states to extend the scope of the motor third-party liability insurance to accidents on private property.

โ€ข In June 2015, the European Council concluded the drafting of EU data protection reforms, which are expected to be implemented by the end of 2015.

โ€ข Agencies were the most popular distribution channel during the review period. The primary reason for the strong preference for agencies is their geographical reach, making them an efficient distribution channel.

โ€ข The non-life segment is dominated by domestic insurers, which typically generate higher premiums than foreign insurers.”

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