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Synopsis
Timetric’s 'Life Insurance in the Netherlands, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Dutch life insurance segment.

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 (2010–2014) and forecast period (2014–2019).

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 2019' report provides in-depth market analysis, information and insights into the Dutch life insurance segment, including:

- The Dutch life insurance segment’s growth prospects by life insurance category

- Key trends, drivers and challenges for the life insurance segment

- A comprehensive overview of the Dutch economy and demographics

- 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 2010–2014 review period, and projected figures for the 2014–2019 forecast period.

- It offers a detailed analysis of the key categories in the Dutch life insurance segment, and market forecasts to 2019.

- 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
- The Dutch insurance industry contributed 14.7% to the country’s GDP in 2013.

- The Dutch life segment accounted for 23.7% of the overall insurance gross written premium in 2013.

- The Equal Status (Amendment) Act 2012 was implemented with effect from December 21, 2012. The act removed differentiation based on gender when setting premiums for pension or annuity products.

- Many life insurers, due to sluggish investment returns and poor performance in the segment, are expected to concentrate on increasing cost-effectiveness and the revival of individual life insurance.

- The Dutch government is gradually raising the state pension retirement age from 65 years in 2012 to 67 years by 2023.

- The number of mergers and acquisitions in the segment rose during the review period, as both foreign and leading Dutch life insurers acquired smaller firms.

Table Of Contents

Life Insurance in the Netherlands, Key Trends and Opportunities to 2019
Table of Contents
1 Key Facts and Highlights
2 Executive Summary
3 Introduction
3.1 What is this Report About?
3.2 Definitions
3.3 Methodology
4 Economy and Demographics
5 Life Insurance Outlook
5.1 Key Drivers
5.2 Key Trends
5.3 Challenges
5.4 Life Insurance Growth Prospects by Category
5.5 Individual Life Insurance
5.5.1 Individual whole life insurance
5.5.2 Individual general annuity insurance
5.6 Group whole life insurance
5.7 Life Insurance Growth Prospects by Product Type
5.7.1 Individual single-premium insurance
5.7.2 Individual non-single-premium insurance
5.7.3 Group single-premium insurance
5.7.4 Group non-single-premium insurance
5.7.5 Total linked insurance business
5.7.6 Total non-linked insurance business
6 Analysis by Distribution Channel
6.1 Direct Marketing
6.2 Agencies
7 Competitive Landscape and Strategic Insights
7.1 Overview
7.2 Leading Companies in the Dutch Life Insurance Segment
7.2.1 Aegon Levensverzekering NV - company overview
7.2.2 Nationale-Nederlanden Levensverzekering Maatschappij NV - company overview
7.2.3 SRLEV NV - company overview
7.2.4 Achmea Pensioen-en Levensverzekeringen NV - company overview
7.2.5 Delta Lloyd Levensverzekering NV - company overview
7.2.6 ASR Levensverzekering NV - company overview
7.2.7 ABN Amro Levensverzekering NV - company overview
7.2.8 Dela Natura-en Levensverzekeringen NV - company overview
7.2.9 Allianz Nederland Levensverzekering NV - company overview
7.2.10 Legal and General Nederland Levensverzekering Maatschappij NV - company overview
8 Governance, Risk and Compliance
8.1 Legislation Overview and Historical Evolution
8.2 Latest Changes in Regulations
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
8.5 Supervision and Control
8.5.1 International Association of Insurance Supervisors (IAIS)
8.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
8.5.3 The Authority for the Financial Markets (AFM)
8.5.4 Dutch Central Bank (DNB)
8.5.5 Dutch Association of Insurers (Verbond van Verzekeraars)
8.6 Non-Admitted Insurance Regulations
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 Types 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 margins
8.7.7 Reserve requirements
8.7.8 Investment regulations
8.7.9 Statutory return requirements
8.7.10 Fee structure
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 Appendix
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetric's Services
9.4 Disclaimer

List of Tables
Table 1: Dutch Life Insurance - Key Facts, 2014
Table 2: Insurance Industry Definitions
Table 3: Dutch Government Credit Ratings
Table 4: Dutch Life Insurance - New Business Direct Written Premium (EUR Billion), 2010-2014
Table 5: Dutch Life Insurance - New Business Direct Written Premium (EUR Billion), 2014-2019
Table 6: Dutch Life Insurance - Net Earned Premium (EUR Billion), 2010-2014
Table 7: Dutch Life Insurance - Net Earned Premium (EUR Billion), 2014-2019
Table 8: Dutch Life Insurance - Sum Assured (EUR Trillion), 2010-2014
Table 9: Dutch Life Insurance - Sum Assured (EUR Billion), 2014-2019
Table 10: Dutch Life Insurance - Paid Claims (EUR Billion), 2010-2014
Table 11: Dutch Life Insurance - Paid Claims (EUR Billion), 2014-2019
Table 12: Dutch Life Insurance - Incurred Loss (EUR Billion), 2010-2014
Table 13: Dutch Life Insurance - Incurred Loss (EUR Billion), 2014-2019
Table 14: Dutch Life Insurance - Commissions and Expenses (EUR Billion), 2010-2014
Table 15: Dutch Life Insurance - Commissions and Expenses (EUR Billion), 2014-2019
Table 16: Dutch Life Insurance - Net Written Premium (% of GWP), 2010-2014
Table 17: Dutch Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Table 18: Dutch Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2010-2014
Table 19: Dutch Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2014-2019
Table 20: Dutch Life Insurance - Total Assets (EUR Billion), 2010-2014
Table 21: Dutch Life Insurance - Total Assets (EUR Billion), 2014-2019
Table 22: Dutch Life Insurance - Total Investment Income (EUR Billion), 2010-2014
Table 23: Dutch Life Insurance - Total Investment Income (EUR Billion), 2014-2019
Table 24: Dutch Life Insurance - Net Written Premium (EUR Billion), 2010-2014
Table 25: Dutch Life Insurance - Net Written Premium (EUR Billion), 2014-2019
Table 26: Dutch Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
Table 27: Dutch Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
Table 28: Dutch Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
Table 29: Dutch Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
Table 30: Dutch Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 31: Dutch Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 32: Dutch Individual General Annuity Insurance - Direct Written Premium (EUR Million), 2010-2014
Table 33: Dutch Individual General Annuity Insurance - Direct Written Premium (EUR Million), 2014-2019
Table 34: Dutch Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 35: Dutch Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 36: Dutch Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 37: Dutch Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 38: Dutch Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 39: Dutch Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 40: Dutch Group Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 41: Dutch Group Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 42: Dutch Group Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Table 43: Dutch Group Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Table 44: Dutch Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
Table 45: Dutch Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
Table 46: Dutch Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
Table 47: Dutch Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
Table 48: Dutch Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2010-2014
Table 49: Dutch Life Insurance - Direct Marketing Value of Commissions (EUR Billion), 2014-2019
Table 50: Dutch Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2010-2014
Table 51: Dutch Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Million), 2014-2019
Table 52: Dutch Life Insurance - Agencies' Value of Commissions (EUR Billion), 2010-2014
Table 53: Dutch Life Insurance - Agencies' Value of Commissions (EUR Million), 2014-2019
Table 54: Dutch Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2010-2014
Table 55: Dutch Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2014-2019
Table 56: Dutch Life Insurance - Segment Shares (%), 2013
Table 57: Aegon Levensverzekering NV - Key Facts
Table 58: Aegon Levensverzekering NV - Key Financials (EUR Million), 2009-2013
Table 59: Nationale-Nederlanden Levensverzekering Maatschappij NV - Key Facts
Table 60: Nationale-Nederlanden Levensverzekering Maatschappij NV - Key Financials (EUR Million), 2009-2013
Table 61: SRLEV NV - Key Facts
Table 62: SRLEV NV - Key Financials (EUR Million), 2009-2013
Table 63: Achmea Pensioen-en Levensverzekeringen NV - Key Facts
Table 64: Achmea Pensioen-en Levensverzekeringen NV - Key Financials (EUR Million), 2009-2013
Table 65: Delta Lloyd Levensverzekering NV - Key Facts
Table 66: Delta Lloyd Levensverzekering NV - Key Financials (EUR Million), 2009-2013
Table 67: ASR Levensverzekering NV - Key Facts
Table 68: ASR Levensverzekering NV (EUR Million), 2009-2013
Table 69: ABN Amro Levensverzekering NV - Key Facts
Table 70: ABN Amro Levensverzekering NV - Key Financials (EUR Million), 2009-2013
Table 71: Dela Natura-en Levensverzekeringen NV - Key Facts
Table 72: Dela Natura-en Levensverzekeringen NV - Key Financials (EUR Million), 2009-2013
Table 73: Allianz Nederland Levensverzekering NV - Key Facts
Table 74: Allianz Nederland Levensverzekering NV - Key Financials (EUR Million), 2009-2013
Table 75: Legal and General Nederland Levensverzekering Maatschappij NV - Key Facts
Table 76: Legal and General Nederland Levensverzekering Maatschappij NV - Key Financials (EUR Million), 2009-2013
Table 77: The Netherlands - Insurance Regulatory Framework Key Features
Table 78: The Netherlands - Life Insurance Regulatory Framework
Table 79: The Netherlands - Property Insurance Regulatory Framework
Table 80: The Netherlands - Motor Insurance Regulatory Framework
Table 81: The Netherlands - Liability Insurance Regulatory Framework
Table 82: The Netherlands - Minimum Coverage for Aircraft Third-Party Liability per Accident per Aircraft
Table 83: The Netherlands - Corporate Tax Rate for the Financial Year 2015

List of Figures
Figure 1: Dutch Real GDP (EUR Billion), 2010-2019
Figure 2: EUR-US$ Exchange Rate, 2010-2019
Figure 3: Dutch Consumer Price Inflation, 2010-2019
Figure 4: Dutch Current Account Balance as Percentage of GDP (%), 2010-2019
Figure 5: Dutch Unemployment Rate, 2010-2019
Figure 6: Dutch Population by Age Group (%), 1995-2025
Figure 7: Dutch Life Insurance - New Business Direct Written Premium (EUR Billion), 2010-2014
Figure 8: Dutch Life Insurance - New Business Direct Written Premium (EUR Billion), 2014-2019
Figure 9: Dutch Life Insurance - Net Earned Premium (EUR Billion), 2010-2014
Figure 10: Dutch Life Insurance - Net Earned Premium (EUR Billion), 2014-2019
Figure 11: Dutch Life Insurance - Sum Assured (EUR Billion), 2010-2014
Figure 12: Dutch Life Insurance - Sum Assured (EUR Billion), 2014-2019
Figure 13: Dutch Life Insurance - Paid Claims (EUR Billion), 2010-2014
Figure 14: Dutch Life Insurance - Paid Claims (EUR Billion), 2014-2019
Figure 15: Dutch Life Insurance - Incurred Loss (EUR Billion), 2010-2014
Figure 16: Dutch Life Insurance - Incurred Loss (EUR Billion), 2014-2019
Figure 17: Dutch Life Insurance - Commissions and Expenses (EUR Billion), 2010-2014
Figure 18: Dutch Life Insurance - Commissions and Expenses (EUR Billion), 2014-2019
Figure 19: Dutch Life Insurance - Net Written Premium (% of GWP), 2010-2014
Figure 20: Dutch Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
Figure 21: Dutch Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2010-2014
Figure 22: Dutch Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2014-2019
Figure 23: Dutch Life Insurance - Total Assets (EUR Billion), 2010-2014
Figure 24: Dutch Life Insurance - Total Assets (EUR Billion), 2014-2019
Figure 25: Dutch Life Insurance - Total Investment Income (EUR Billion), 2010-2014
Figure 26: Dutch Life Insurance - Total Investment Income (EUR Billion), 2014-2019
Figure 27: Dutch Life Insurance - Net Written Premium (EUR Billion), 2010-2014
Figure 28: Dutch Life Insurance - Net Written Premium (EUR Billion), 2014-2019
Figure 29: Dutch Life Insurance - Investment Portfolio (EUR Billion), 2010-2014
Figure 30: Dutch Life Insurance - Investment Portfolio, 2010 and 2014
Figure 31: Dutch Life Insurance - Penetration (%), 2010-2014
Figure 32: Dutch Life Insurance - Direct Premium per Capita (%), 2010-2014
Figure 33: Dutch Life Insurance - Total Investments (EUR Billion), 2010-2014
Figure 34: Dutch Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2019
Figure 35: Dutch Individual Life Insurance - Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 36: Dutch Individual Life Insurance - Direct Written Premium Dynamics by Category, 2010-2019
Figure 37: Dutch Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 38: Dutch Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 39: Dutch Individual General Annuity Insurance - Direct Written Premium (EUR Million), 2010-2014
Figure 40: Dutch Individual General Annuity Insurance - Direct Written Premium (EUR Million), 2014-2019
Figure 41: Dutch Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 42: Dutch Group Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 43: Dutch Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 44: Dutch Individual Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 45: Dutch Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 46: Dutch Individual Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 47: Dutch Group Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 48: Dutch Group Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 49: Dutch Group Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2010-2014
Figure 50: Dutch Group Non-Single-Premium Insurance - Direct Written Premium (EUR Billion), 2014-2019
Figure 51: Dutch Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
Figure 52: Dutch Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
Figure 53: Dutch Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2010-2014
Figure 54: Dutch Non-Linked Insurance Business - Direct Written Premium (EUR Billion), 2014-2019
Figure 55: Dutch Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2010-2014
Figure 56: Dutch Life Insurance - Direct Marketing Value of Commissions (EUR Billion), 2014-2019
Figure 57: Dutch Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2010-2014
Figure 58: Dutch Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Million), 2014-2019
Figure 59: Dutch Life Insurance - Agencies' Value of Commissions (EUR Billion), 2010-2014
Figure 60: Dutch Life Insurance - Agencies' Value of Commissions (EUR Million), 2014-2019
Figure 61: Dutch Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2010-2014
Figure 62: Dutch Life Insurance - Agencies' New Business Direct Written Premium (EUR Billion), 2014-2019
Figure 63: Dutch Life Insurance - Segment Shares (%), 2013
Figure 64: The Netherlands - The Three Pillars of Solvency II
Figure 65: The Netherlands - Insurance Supervision and Control at Various Levels
Figure 66: The Netherlands - Insurance Regulatory Frameworks for Company Registration and Operation

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