Forecast: Turnover of Reinsurance in the Netherlands

The turnover of the reinsurance market in the Netherlands experienced significant variability from 2013 to 2023, fluctuating between a low of €0.901 billion in 2016 and a high of €1.5 billion in 2019. This market saw declining figures early in the decade but showed a moderate recovery from 2018 onwards. Despite some fluctuations, the market turnover in 2023 stood at €1.36 billion. The year-on-year variations reveal periods of growth and decline, with the most notable annual increase of 42.25% in 2019. The five-year CAGR leading into 2023 affirmed a modest growth trajectory at 5.33% per annum.

For future trends, we anticipate a stable market with slight contractions forecasted, evidenced by a minor negative five-year CAGR of -0.14% up to 2028. Key trends to watch include advancements in technology driving operational efficiencies, the impact of climate change on risk perception, and regulatory changes within the EU shaping market dynamics.