Life Insurance in the Netherlands, Key Trends and Opportunities to 2020

Published: Apr, 2017 | Pages: 118 | Publisher: Timetric
Industry: Insurance | Report Format: Electronic (PDF)

Synopsis
Timetric's 'Life Insurance in the Netherlands, Key Trends and Opportunities to 2020' report provides a detailed outlook by product category for the Dutch life insurance segment, and a comparison of the Dutch insurance industry with its regional counterparts.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2011-2015) and forecast period (2015-2020).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of the Dutch economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric's research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary
Timetric's 'Life Insurance in the Netherlands, Key Trends and Opportunities to 2020' report provides in-depth market analysis, information and insights into the Dutch life insurance segment, including:

• An overview of the Dutch life insurance segment

• The Dutch life insurance segment's growth prospects by category

• A comprehensive overview of the Dutch economy and demographics

• A comparison of the Dutch life insurance segment with its regional counterparts

• The various distribution channels in the Dutch life insurance segment

• Details of the competitive landscape in the life insurance segment in the Netherlands

• Details of regulatory policy applicable to the Dutch insurance industry

Scope
This report provides a comprehensive analysis of the life insurance segment in the Netherlands:

• It provides historical values for the Dutch life insurance segment for the report's 2011-2015 review period, and projected figures for the 2015-2020 forecast period.

• It offers a detailed analysis of the key categories in the Dutch life insurance segment, and market forecasts to 2020.

• It provides a comparison of the Dutch life insurance segment with its regional counterparts

• It analyzes the various distribution channels for life insurance products in the Netherlands.

• It profiles the top life insurance companies in the Netherlands and outlines the key regulations affecting them.

Reasons To Buy
• Make strategic business decisions using in-depth historic and forecast market data related to the Dutch life insurance segment, and each category within it.

• Understand the demand-side dynamics, key market trends and growth opportunities in the Dutch life insurance segment.

• Assess the competitive dynamics in the life insurance segment.

• Identify growth opportunities and market dynamics in key product categories.

• Gain insights into key regulations governing the Dutch insurance industry, and their impact on companies and the industry's future.

Key Highlights
• On October 31, 2016, the Dutch government announced plans to increase the retirement age from 65 years to 67 years and 3 months in January 2022, under its first-pillar public pension. 


• Solvency II came into force in the Netherlands on January 1, 2016. It is based on three pillars: risk-based quantitative requirements, governance and supervision, and disclosure and transparency.


• The Dutch life segment was the second-largest and accounted for 20.3% of the overall insurance direct written premium in 2015.

 Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Economy and Demographics
4 Segment Outlook
4.1 Regional Comparison
4.2 Segment Indicators
4.2.1 Gross written premium and penetration
4.2.2 Claims
4.2.3 Sum assured
4.2.4 Assets and investments
5 Outlook by Sub-Segment
5.1 Individual Life Insurance
5.1.1 Premium
5.1.2 Penetration
5.2 Group Life Insurance
5.2.1 Premium
5.2.2 Penetration
6 Distribution Channel Outlook
6.1 Analysis by Distribution Channel
7 Competitive Landscape
7.1 Company Profiles
7.1.1 Nationale-Nederlanden Levensverzekering Maatschappij NV - company overview
7.1.2 Aegon Levensverzekering NV - company overview
7.1.3 SRLEV NV - company overview
7.1.4 Achmea Pensioen-en Levensverzekeringen NV - company overview
7.1.5 ASR Levensverzekering NV - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulation
8.3 Legislation and Market Practice by Type of Insurance
8.3.1 Life insurance
8.3.2 Property insurance
8.3.3 Motor insurance
8.3.4 Liability insurance
8.3.5 Marine, aviation and transit insurance
8.3.6 Personal accident and health insurance
8.4 Compulsory Insurance
8.4.1 Marine insurance
8.4.2 Aviation liability insurance
8.4.3 Motor third-party liability insurance
8.4.4 Health insurance
8.4.5 Social insurance system
8.4.6 Professional indemnity insurance for alternative investment fund managers
8.4.7 Professional indemnity insurance for insurance intermediaries
8.4.8 Clinical trials liability insurance
8.4.9 Liability for ships with respect to oil pollution
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors
8.5.2 European Insurance and Occupational Pensions Authority
8.5.3 The Authority for the Financial Markets
8.5.4 Dutch Central Bank
8.5.5 Federation of European Risk Management Associations
8.5.6 Dutch Association of Insurers
8.6 Non-Admitted Insurance Regulation
8.6.1 Overview
8.6.2 Intermediaries
8.6.3 Market practices
8.6.4 Fines and Penalties
8.7 Company Registration and Operations
8.7.1 Type of insurance organization
8.7.2 Establishing a local company
8.7.3 Foreign ownership
8.7.4 Types of license
8.7.5 Capital requirements
8.7.6 Solvency margin
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure 95
8.8 Taxation
8.8.1 Insurance premium or policy taxation
8.8.2 Withholding taxes on premium paid overseas
8.8.3 Corporate tax
8.8.4 VAT
8.8.5 Captives
8.9 Legal System
8.9.1 Introduction
8.9.2 Access to court
8.9.3 Alternative dispute resolution
9 Databook
9.1 Policies and Premium
9.2 Claims and Expenses
9.3 Assets and Investments
9.4 Direct Marketing and E-Commerce
9.5 Bancassurance and Other Distribution Channels
9.6 Individual Life Insurance
9.7 Individual Life Insurance by Product
9.8 Group Life Insurance
9.9 Group Life Insurance by Product
9.1 Individual Life - Single vs. Non-Single Premium
9.11 Group Life - Single vs. Non-Single Premium
9.12 Linked vs. Non-Linked Policies
10 Definitions and Methodology
10.1 Definitions
10.2 Methodology
11 About Timetric
11.1 Contact Timetric
11.2 About Timetric
11.3 Timetric's Services
11.4 Disclaimer

List of Tables
Table 1: Dutch Life Insurance - Key Facts, 2015
Table 2: Dutch Life Insurance - Segment Shares of the Top Insurers, 2015
Table 3: Dutch Government Credit Ratings
Table 4: Dutch Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2011-2015
Table 5: Dutch Life Insurance - Penetration (%), 2011-2015
Table 6: Dutch Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2015-2020
Table 7: Dutch Life Insurance - Penetration (%), 2015-2020
Table 8: Dutch Life Insurance - Premium per Capita (EUR and US$), 2011-2015
Table 9: Dutch Life Insurance - Premium per Capita (EUR and US$), 2015-2020
Table 10: Dutch Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2011-2015
Table 11: Dutch Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2015-2020
Table 12: Dutch Life Insurance - Sum Assured (EUR Billion and US$ Billion), 2011-2015
Table 13: Dutch Life Insurance - Sum Assured (EUR Billion and US$ Billion), 2015-2020
Table 14: Dutch Life Insurance - Total Assets (EUR Billion and US$ Billion), 2011-2015
Table 15: Dutch Life Insurance - Total Assets (EUR Billion and US$ Billion), 2015-2020
Table 16: Dutch Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2011-2015
Table 17: Dutch Life Insurance - Total Investment Income (EUR Billion and US$ Billion), 2015-2020
Table 18: Dutch Life Insurance - Investment Portfolio (EUR Billion), 2011-2015
Table 19: Dutch Life Insurance - Investment Portfolio (EUR Billion), 2015-2020
Table 20: Dutch Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2011-2015
Table 21: Dutch Life Insurance - Direct Written Premium by Sub-Segment (EUR Billion), 2015-2020
Table 22: Dutch Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
Table 23: Dutch Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
Table 24: Dutch Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2011-2015
Table 25: Dutch Group Life Insurance - Direct Written Premium by Category (EUR Billion), 2015-2020
Table 26: Dutch Life Segment - Market Shares of Leading Insurers (%), 2015
Table 27: Nationale-Nederlanden Levensverzekering Maatschappij NV - Key Facts
Table 28: Nationale-Nederlanden Levensverzekering Maatschappij NV - Key Financials (EUR Million), 2011-2015
Table 29: Aegon Levensverzekering NV - Key Facts
Table 30: Aegon Levensverzekering NV - Key Financials (EUR Million), 2011-2015
Table 31: SRLEV NV - Key Facts
Table 32: SRLEV NV - Key Financials (EUR Million), 2011-2015
Table 33: Achmea Pensioen-en Levensverzekeringen NV - Key Facts
Table 34: Achmea Pensioen-en Levensverzekeringen NV - Key Financials (EUR Million), 2011-2015
Table 35: ASR Levensverzekering NV - Key Facts
Table 36: ASR Levensverzekering NV - Key Financials (EUR Million), 2011-2015
Table 37: The Netherlands  - Insurance Regulatory Framework Key Features
Table 38: The Netherlands  - Life Insurance Regulatory Framework
Table 39: The Netherlands  - Property Insurance Regulatory Framework
Table 40: The Netherlands  - Motor Insurance Regulatory Framework
Table 41: The Netherlands  - Liability Insurance Regulatory Framework
Table 42: The Netherlands - Minimum Cover for Aircraft Third-Party Liability per Accident per Aircraft
Table 43: The Netherlands  - Corporate Tax Rates for the Financial Year 2017
Table 44: Dutch Life Insurance - Policies and Premium, 2011-2015
Table 45: Dutch Life Insurance - Policies and Premium, 2015-2020
Table 46: Dutch Life Insurance - Claims and Expenses, 2011-2015
Table 47: Dutch Life Insurance - Claims and Expenses, 2015-2020
Table 48: Dutch Life Insurance - Assets and Investments, 2011-2015
Table 49: Dutch Life Insurance - Assets and Investments, 2015-2020
Table 50: Dutch Life Insurance - Direct Marketing and E-Commerce, 2011-2015
Table 51: Dutch Life Insurance - Direct Marketing and E-Commerce, 2015-2020
Table 52: Dutch Life Insurance - Insurance Brokers and Agencies, 2011-2015
Table 53: Dutch Life Insurance - Insurance Brokers and Agencies, 2015-2020
Table 54: Dutch Life Insurance - Individual Life Insurance, 2011-2015
Table 55: Dutch Life Insurance - Individual Life Insurance, 2015-2020
Table 56: Dutch Life Insurance - Individual Life Insurance by Product, 2011-2015
Table 57: Dutch Life Insurance - Individual Life Insurance by Product, 2015-2020
Table 58: Dutch Life Insurance - Group Life Insurance, 2011-2015
Table 59: Dutch Life Insurance - Group Life Insurance, 2015-2020
Table 60: Dutch Life Insurance - Group Life Insurance by Product, 2011-2015
Table 61: Dutch Life Insurance - Group Life Insurance by Product, 2015-2020
Table 62: Dutch Life Insurance - Individual Life Insurance by Premium, 2011-2015
Table 63: Dutch Life Insurance - Individual Life Insurance by Premium, 2015-2020
Table 64: Dutch Life Insurance - Group Life Insurance by Premium, 2011-2015
Table 65: Dutch Life Insurance - Group Life Insurance by Premium, 2015-2020
Table 66: Dutch Life Insurance - Linked vs. Non-Linked Policies, 2011-2015
Table 67: Dutch Life Insurance - Linked vs. Non-Linked Policies, 2015-2020
Table 68: Insurance Industry Definitions