This report is most appropriate for companies looking for an overview of the life insurance and pensions markets in order to assess the level of market opportunity (using our market data and forecasts), regulatory barriers and opportunities, and level of competition in the market. For more detailed market data please refer to Our European Life and Pensions Interactive Database 2006.
Scope
Presents competitor market data for life insurance and pensions companies; Assesses regulatory barriers and opportunities; 5 years historic data from 2001-5 and 5 year forecast to 2010.
Highlights
The persistent low interest rate environment in the Netherlands in 2005 discouraged consumers from investing in insurance policies offering guaranteed interest rates. This contributed to continued stagnation (in terms of growth in premium income) in the life insurance sector. The Act on the Adjustment of Tax Concessions for Early Retirement and Pre-Pension Schemes and the Introduction of the Life Course Savings Scheme (Levensloopregeling (Life Cycle Plan)), effective January 1st 2006, removed tax concessions on early retirement and pre-pension schemes but introduced concessions for savings via the new scheme. The Financial Supervision Act (Wet op het financieel toezicht (Wft)), went into effect on January 1st 2007. The Act replaced and harmonized eight previously existing supervision acts. The consolidation was intended to clarify legislation for the financial services sector and make it more market-oriented.
Reasons to Purchase
Get an overview of the life and pensions market, including past growth and forecast growth; Assess regulatory barriers and opportunities affecting life insurance and pensions in this country; Analyze competition from life insurance companies.
