Netherlands

Market Regulation: Governed by DNB and AFM. Axco’s reports highlight the 2026 Pension Reform transition and the role of insurers in the Dutch energy transition.

Non-Life Market Trends: The market is highly consolidated; Axco’s analysis identifies the mandatory private Health insurance segment as the largest GWP contributor for 2026.

Distribution Channels: Independent brokers maintain a strong presence; however, Axco analysis confirms the Netherlands has one of the highest online insurance purchase rates globally.

Key Risks & Outlook: Dutch insurers are global leaders in flood risk modeling; Axco data suggests that climate adaptation is now a core component of 2026 underwriting strategies.

Insurance companies: Axco Navigator details that the non-life market is currently made up of 87 companies (including health treated as non-life by the DNB) and there are 17 registered life insurers (having more than halved in the last 10 years, from 40 in 2013).

Insurance Statistics: Axco reports written premiums in 2024 increased by 6.2% to EUR 13,890 Mn with motor the largest class of business, accounting for 43% of premiums. Insurance penetration stands at 1.24%.

Providing expert analysis, independent market insight and company data on the insurance industry.

Insurance market reports are produced following a country visit with interviews with professionals working in the sector with systematic updates to information throughout the cycle. Covering market developments, macroeconomic factors and comprehensive details of the regulatory environment including relevant taxation as well as market indicators and company statistics.

Axco’s Netherlands Non-Life Insurance Market Report (P&C) also comprises a detailed analysis of lines of business and sub-classes such as natural hazards, property, construction and machinery breakdown, motor, workers compensation & employers’ liability and liability.

The Life & Benefits Report for The Netherlands includes detail on social security, healthcare, individual life assurance and pensions information as well as market statistics and life company statistics

Key Benefits

• Superior market insights
• Crucial compliance information
• Risk assessment and profitability

Information for The Netherlands can be seen in:

'Netherlands' from the Dutch Neder-landen, meaning low countries, reflects the 24% of land mass below sea level and more than 18% of which is water. Reclaimed land makes up approximately one-fifth of the total area. In addition to the European territory, The Kingdom of the Netherlands is also responsible for the Caribbean islands of Bonaire, Saba and Sint Eustasius, as "special municipalities", especially in respect of taxation and insurance supervision. The market is mature, with an insurance premium payment recorded in Amsterdam in 1598.

In 2018 total gross non-life premiums (excluding PA and healthcare) written in the market were EUR 10.14bn, an increase of 4.72% over 2017

A specific feature of the Dutch non-life market is the statutory compulsion to effect health insurance, this class is by far the largest in premium volume and is dealt with by the Axco Life and Benefits report. Of the balance of non-life premium volume, the two major components are motor and property (including business interruption, engineering and construction). Other classes are written in the country, marine and transport, trade credit, bonding, liabilities including financial lines, after the event legal expenses - huge but unaccounted for premium volumes are either written offshore or by local branches of EU companies. The Netherlands is also home to a plethora of small and localised mutual insurers, mainly in the agricultural business, and which have special rules applying under the Solvency II regime.