Between 2013 and 2017, the reinsurance sector in the Netherlands experienced a significant decline, with turnover decreasing from 1.3 billion Euros in 2013 to 1.01 billion Euros in 2017. However, the market rebounded by 2019, reaching 1.5 billion Euros. This recovery was short-lived as the turnover dropped again to 1.38 billion Euros in 2020 and continued a steady decline, arriving at 1.36 billion Euros in 2023.
Year-on-year variations reveal notable fluctuations, such as a steep decline of -15.38% in 2016 and a considerable increase of 42.25% in 2019. More recent years show stabilization, with the percentage changes hovering around -0.37% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has averaged 5.36%, whereas the forecast for the next five years predicts a slight reduction at -0.14% CAGR.
Future trends to watch for:
- Continued stabilization and a slight decline in the sector as indicated by the forecasted CAGR of -0.14% over the next five years.
- Monitor the impact of emerging technologies and regulatory changes on the reinsurance market.
- Evaluate the effects of climate change risks, which may influence reinsurance demands and market dynamics.
