Market Research Report Netherlands insurance industry research,Europe ins

Netherlands Reinsurance Market Turnabout After Global Financial Crisis-
Ken Research
In reinsurance, the reinsurer takes over certain risks (such as the mortality risk)
from an insurer. Reinsurance is essentially different from life insurance, non-life
insurance and funeral expenses and benefits in-kind insurance because
reinsurance is affected between professional parties. The difference lies in the
fact that the reinsurer does not have any straight contractual affiliation with the
original policyholder (consumer) but solely with an insurer or pension fund.
Because of this difference and in connection with the licensing requirement
ensuing from the legislation, reinsurers are included separately in the register. In
terms of written premium, the Netherlands Insurance industry is one of the
global leaders of the world.
The nation’s reinsurance industry experienced a negative growth due to the
adverse effect of the global financial crisis and subsequent European debt crisis
from 2008 to 2012. Overall, the premium ceded to reinsurance recorded a low
compounded annual growth rate. According to the research report
"Reinsurance in the Netherlands, Key Trends and Opportunities to 2020",
life, personal accidents and health insurance segments held retentions above
90% indication an underutilisation of reinsurance as a risk management tool.
Moreover, the non life insurance, which previously displayed a reliance on
reinsurers for sharing risk, recorded a decline in the percentage of premium
ceded by about three percentage points in 2012. This was due to intense
competition in the segment, which forced non-life insurers to reduce premiums.