The insurance, reinsurance, and pension funding output in the Netherlands experienced fluctuations from 2013 to 2023, with a notable decrease in 2016 but steady growth from 2018 onwards. As of 2023, the market value was €25.05 billion, with a year-on-year increase of 2.03% from 2022. The five-year compound annual growth rate (CAGR) from 2018 to 2023 stood at 3.42%, indicating a positive growth trajectory.
Looking ahead, forecasted data from 2024 to 2028 points to continued growth, though at a more moderate pace, with a five-year CAGR of 1.47%, culminating in a market value of €27.49 billion by 2028.
Future trends to watch for:
- Technological advancements and digital transformation within the industry.
- Increasing regulatory pressures and compliance costs.
- Growth in demand for customized and flexible insurance products.
- Potential economic uncertainties and their impact on market stability.
