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

Date: 2015-12

“• The non-life segment accounted for 14.9% of the industry’s direct written premium in 2014.

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

• 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.

• 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.

• 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.

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

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