Netherlands Reinsurance Market Turnabout After Global Financial Crisis- Ken Research REQUEST FOR SAMPLE REPORT Buy Now Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit In reinsurance, the reinsurer takes over certain risks (such as the mortality risk) from an insurer. Reinsurance is essentially different from life insurance, non-life insurance and funeral expenses and benefits in-kind insurance because reinsurance is affected between professional parties. The difference lies in the fact that the reinsurer does not have any straight contractual affiliation with the original policyholder (consumer) but solely with an insurer or pension fund. Because of this difference and in connection with the licensing requirement ensuing from the legislation, reinsurers are included separately in the register. In terms of written premium, the Netherlands Insurance industry is one of the global leaders of the world. The nation’s reinsurance industry experienced a negative growth due to the adverse effect of the global financial crisis and subsequent European debt crisis from 2008 to 2012. Overall, the premium ceded to reinsurance recorded a low compounded annual growth rate. According to the research report “Reinsurance in the Netherlands, Key Trends and Opportunities to 2020“, life, personal accidents and health insurance segments held retentions above 90% indication an underutilisation of reinsurance as a risk management tool. Moreover, the non life insurance, which previously displayed a reliance on reinsurers for sharing risk, recorded a decline in the percentage of premium ceded by about three percentage points in 2012. This was due to intense competition in the segment, which forced non-life insurers to reduce premiums. A period of severe summer storms in the Netherlands, which brought high winds, torrential rain and large hail to the region, is expected to result in more than EUR500m of insurance industry losses, with reinsurance capital expected to take a major share. Insurance losses from damage to residential property, automobiles is estimated at EUR325m, 40% of which is related to homes, while EUR175m is largely from agricultural businesses, but the commercial toll is expected to rise further. This is certainly not a major loss for the industry, in the overall scheme of things, but when added to severe weather in France, Germany and other European areas, the losses will be taking their toll on some reinsurers with a focus on Europe. With reinsurance rates extremely low in Europe for property catastrophe cover, ILS participation is likely to be low, as often the returns do not meet their targets. Growth in the Dutch reinsurance segment was variable, and affected by demand trends in the insurance industry. The Netherland’s reinsurance segment contains both domestic and foreign reinsurers. The segment is not highly competitive such as the non-life and life segment. Solvency II law, implemented on January 1, 2016, was a basic reform of capital adequacy requirements and risk management. It has created a level playing field across European insurers, improved protection offered to policyholders and enhanced transparency and quality of public disclosure. Reinsurance providers in the Netherlands initially covered only commercial and industrial risks. Insurers such as Nationale-Nederlanden, the Dutch unit of NN Group NV, and Aegon have recently begun analyzing risk models, and have put forward proposals to cover flood-affected properties. Effective from April 1, 2015, the European Insurance and Occupational Pensions. Authority (EIOPA) issued guidelines on the application of outward reinsurance arrangements to the non-life catastrophe risks. Most of the reinsurance companies operate from Switzerland, Germany,Bermuda and regional financial hubs from London,Singapore, Dubai,Malaysia,Russia. ING Re (Netherlands) NV, ABN AMRO Captive NV, Achmea Reinsurance Company NV, Unive Her NV, Rabo Herverzekeringsmaatschappij NV, Global Re NV, Nationale-Nederlanden and Metro Reinsurance NV are leading reinsurance providers. Topics Covered in The Report Reinsurance in the Netherlands Market Research Report Reinsurance in the Netherlands Market Size Reinsurance in the Netherlands Market Reinsurance in the Netherlands Gross Written Premium Reinsurance in the Netherlands Market Future Outlook Reinsurance in the Netherlands Market competition Netherlands insurance industry research Europe insurance industry research Netherlands insurance industry regulations Netherlands insurance Market Growth Netherlands insurance Market trends Netherlands insurance Market share Reinsurance in the Netherlands Market Future Reinsurance in the Netherlands Market analysis For further reading click on the link below: https://www.kenresearch.com/banking-financial-services-and-insurance/insurance/reinsurance-netherlands/106748-93.html Related reports: Reinsurance in Hong Kong, Key Trends and Opportunities to 2020 Personal Accident and Health Insurance in Hong Kong, Key Trends and Opportunities to 2020 Contact Us: Ken Research Ankur Gupta, Head Marketing & Communications Ankur@kenresearch.com +91-9015378249 www.kenresearch.com Tags: Europe Insurance industry research, Netherlands Insurance Industry Regulations, Netherlands insurance industry research, Netherlands insurance Market Growth, Netherlands insurance Market share, Netherlands insurance Market trends, Reinsurance in the Netherlands Gross Written Premium, Reinsurance in the Netherlands Market, Reinsurance in the Netherlands Market analysis, Reinsurance in the Netherlands Market competition, Reinsurance in the Netherlands Market Future, Reinsurance in the Netherlands Market Future Outlook, Reinsurance in the Netherlands Market Research Report, Reinsurance in the Netherlands Market Size