The turnover in the Non-Life Insurance sector in the Netherlands experienced significant fluctuations between 2013 and 2023. Notably, there was a sharp increase in 2017 followed by a decline in 2018. From 2019 to 2023, the sector showed a more stable growth pattern, with minor annual variations. By 2023, the turnover reached 22.69 billion Euros.
Year-on-year variations over the past two years indicate steady growth; 1.75% in 2022 and 1.7% in 2023. Analyzing the Compound Annual Growth Rate (CAGR) over the last five years reveals an average annual increase of 2.88%.
Looking forward, the forecast shows a predicted growth rate of 6.36% by 2028, with a 1.24% average annual increase over the next five years. Key future trends to watch include advancements in digital insurance services, regulatory changes, and evolving consumer demands which are likely to shape the sector's growth trajectory.
