Market Size of Netherlands Property & Casualty Insurance Industry
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 72.67 Billion |
| Market Size (2029) | USD 96.40 Billion |
| CAGR (2024 - 2029) | 4.12 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Netherlands Property & Casualty Insurance Market Analysis
The Netherlands Property & Casualty Insurance Market size is estimated at USD 72.67 billion in 2024, and is expected to reach USD 96.40 billion by 2029, growing at a CAGR of 4.12% during the forecast period (2024-2029).
- The insurance sector in the Netherlands is rapidly changing due to social, economic, and technological trends. Property and casualty insurance in the Netherlands has faced limited growth opportunities over the years due to market saturation. Fierce competition exists among the property and casualty insurance market players, creating pressure on premiums and profits.
- Motor vehicle and fire insurance are the two most significant segments of Netherland property and casualty insurance, covering more than 60% of the total non-life insurance market. Motor vehicle insurance is the single largest segment.
- The Netherlands' total life and non-life insurance premiums amount to about 4% of the country’s GDP. The individual sector’s premiums are comparable. The insurance industry is relatively small compared to the banks' and pension funds' balance sheet totals. The premium volume for most property and casualty insurance lines increased in past years.
