Professional Indemnity Insurance in the Netherlands

  • ID: 2125642
  • Report
  • Region: Netherlands, Holland
  • 25 Pages
  • Finaccord
1 of 4
Professional Indemnity Insurance in the Netherlands is about the Dutch market for and distribution of policies covering professional liability. For 2009, 2013 and with a forecast for 2017, the study breaks down the market for professional indemnity insurance on a standardised basis by professional group with 12 categories considered as follows:

- accountancy and finance;
- alternative medicine;
- architecture and engineering;
- broadcasting and publishing;
- estate agency and property;
- financial and insurance intermediation;
- healthcare-related services;
- IT, management and financial consulting;
- legal services;
- marketing;
- medicine and dentistry;
- other professional sectors.

On the basis of a survey of 110 professional associations, it also identifies affinity schemes for professional indemnity insurance in the Netherlands set up between professional associations and brokers or underwriters of this type of cover. In addition, it highlights other key underwriters and brokers of professional indemnity insurance and other distribution channels used to sell this form of insurance, and discusses key issues associated with the market. As such, the report is the most comprehensive analysis of professional indemnity insurance in the Netherlands available in a published format.

You may be able to use this report and the accompanying PartnerBASE™ dataset in one or more of the following ways:

- Compare the size, growth rates and future prospects of professional indemnity insurance markets in the Netherlands;

- Evaluate the potential for your organisation to target professional indemnity propositions at specific professions;

- Understand the competitive environment for broking and underwriting by professional category;

- Gain access to a single comprehensive source of information providing broker and / or underwriter details for affinity schemes set up by professional associations in the Netherlands for this form of insurance;

- Appreciate which professional categories offer the best long-term potential, which are already saturated with competitors, and what product or distribution innovations are occurring.
READ MORE
Note: Product cover images may vary from those shown
2 of 4
0.0 EXECUTIVE SUMMARY

1.0 INTRODUCTION

What is this report about?

Finaccord’s study breaks down individual country markets into 12 professional categories

Rationale

This series of reports brings this complex sector up to date...

... with affinity schemes researched in detail through the associated PartnerBASE dataset

Methodology

Association survey

Market data

Definitions

Professional indemnity insurance

Operating models

Other notes

PartnerBASE and market data annexe

Finaccord

2.0 MARKET ANALYSIS

Introduction

Number of insurable enterprises

There are more than 300,000 enterprises in professional categories in the Netherlands...

... with healthcare-related services growing most rapidly between 2009 and 2013

Market size

Professional indemnity insurance is a legal requirement for several key professions

MediRisk insures most hospitals in the Netherlands

For members of the Bond Nederlandse Architecten professional indemnity cover is compulsory

Both accountancy and law firms have benefited from favourable price trends in recent years

The professional indemnity market for consulting firms is driven by a growing number of insured enterprises

Professional indemnity insurance constitutes a growing proportion of the general liability market

Affinity schemes

Close to one third of professional associations offer professional indemnity insurance to their members

Aon, Kendall Mason and Schouten all lay claim to multiple affinity scheme partnerships

VvAA is the main underwriter for medical professionals and other healthcare-related services

Hiscox and OHRA are each used as underwriters for two affinity programs

Other key insurance providers and distribution channels

Other competitors in the market include both major brokers and specialised intermediaries

Market forecast

Premium income is unlikely to decline in any professional segment between 2013 and 2017

LIST OF GRAPHICS / TABLES

TABLE OF CONTENTS

0.0 EXECUTIVE SUMMARY

Number of insurable enterprises and value of professional indemnity insurance in the Netherlands, segmented by professional sector, 2013

1.0 INTRODUCTION

Professional associations contacted by Finaccord, segmented by professional category and membership type

2.0 MARKET ANALYSIS

Number and segmentation of insurable enterprises in Netherlands, 2013

Average annual growth or decline in number of insurable enterprises in the Netherlands, segmented by professional sector, 2009-2013

Number of insurable enterprises in the Netherlands, segmented by professional sector, 2009-2013 (data)

Gross written premiums for professional indemnity insurance in the Netherlands segmented by professional sector, 2009 and 2013

Gross written premiums for professional indemnity insurance in the Netherlands segmented by professional sector, 2009 and 2013 (data)

Approximate gross written premiums for total general liability insurance and gross written premiums for professional indemnity insurance as a percentage of these in Netherlands, 2009 and 2013

Affinity schemes for professional indemnity insurance in the Netherlands: provision rates and operating models, 2013

Affinity schemes for professional indemnity insurance in the Netherlands: broker share of partnerships, 2013

Affinity schemes for professional indemnity insurance in the Netherlands: underwriter share of partnerships, 2013

Forecast for gross written premiums for professional indemnity insurance in Netherlands segmented by professional sector, 2013 and 2017

Forecast for gross written premiums for professional indemnity insurance in the Netherlands, segmented by professional sector, 2013 and 2017 (data)
Note: Product cover images may vary from those shown
3 of 4

Loading
LOADING...

4 of 4
Note: Product cover images may vary from those shown
Adroll
adroll