Reinsurance in the Netherlands, Key Trends and Opportunities to 2017

Date: 2015-09
Pages:84
Price:

“In terms of written premium, the Netherlandsโ€™ insurance industry is one of the global leaders. During the review period (2008โ€“2012) the nationโ€™s reinsurance segment registered negative growth due to the adverse effect of the global financial crisis and subsequent European debt crisis. Overall, the premium ceded to reinsurance recorded a review-period compound annual growth rate (CAGR) of -2.3%. The life and personal accident and health insurance segments held retentions above 90%, indicating an underutilization of reinsurance as a risk management tool. Moreover, the non-life segment, which previously displayed a reliance on reinsurers for the purposes of sharing risk, recorded a decline in the percentage of premium ceded from 18.9% in 2008 to 15.8% in 2012. This was due to intense competition in the segment, which forced non-life insurers to reduce premiums.

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