Shifts in the Dutch Insurance Market Structure 2016 – 2019

Analysis conducted by Solvency II Wire Data, a leading independent provider of Solvency II data, shows the changing structure of the insurance market in the Netherlands.

Between 2016 – 2019 39 solo Dutch insurers had either formed or were discontinued. In most cases the latter was due to a merger or insolvency, although it is possible that some were no longer being subject to the Solvency II public disclosure rules (see table below).

Between the reporting years 2016 and 2017 10 entities stopped operating while 9 new entities were formed. The following year 17 entities stopped operating and 2 were formed. In 2019 29 entities stopped operating and 2 were formed.

The number of insurers subject to Solvency II in the Netherlands has been decreasing over the four year period from 151 in 2016 to 127 in 2019, according to figures from the Dutch Central Bank. The EIOPA annual statistics show figures of 146 and 124 respectively. The discrepancy may be due to the method of counting and a lag in reporting depending on the date of formation/ dissolution.

While it is possible that some of these changes are due to changes in company status rather than insolvency non the less the trend clearly points to a smaller number of entities operating in the Dutch insurance market.

111 solo entities reported Solvency II figures for all years in the period 2016 – 2019.

The average SCR ratio for the sample rose steadily from 230% in 2016 to 237% in 2019, however as can be observed from the chart below there is considerable variation within each entity.

Solvency II Wire Data collects all available public QRT templates for group and solo.

QRT templates available on Solvency II Wire Data 
S.02.01 Balance sheet
S.05.01 Premiums, claims and expenses Life & Non-life
S.05.02 Premiums, claims and expenses by country Life & Non-Life
S.12.01 Life and Health SLT Technical Provisions
S.17.01 Non-life Technical Provisions
S.19.01 Non-life Insurance Claims Information

S.22.01 Impact of long term guarantees and transitional measures
S.23.01 Own funds
S.25.01 SCR Standard formula
S.25.02 SCR Standard Formula Partial Intern Models
S.25.03 SCR Standard Formula Intern Model
S.32.01 Undertakings in the scope of the group