Among various types of insurances available, the health care insurance in the country has covered larger portions of peoples in the country.

The Supervisory Authority De Pensioen & Verzekeringskamer has been acting as the regulatory body in the Netherlands Insurance business.

Netherlands Insurance Companies:
Leading insurance companies in Netherlands including both life insurance companies and non-life insurance companies on the basis of their gross written premiums are as follows:


Netherlands Life-Insurance Companies:
Major life insurance companies in Netherlands is as follows:
Nationale Nederlanden Leven Insurance
AEGON Leven Insurance
Interpolis BTL Insurance
AMEV Leven Insurance
Reaal Leven Insurance
Stad Rotterdam Leven Insurance
ABN Amro Leven Insurance

Netherlands Non-Life Insurance Companies:
Major Non-life insurance companies in Netherlands is as follows:
Achmea Zorg Insurance
Achmea Insurance
VGZ Zorgverzekeraar Insurance
Delta Lioyd Insurance
AEGON Insurance
Allianz Schade Insurance

General Netherlands Insurance Information

Compulsory Insurance:

1.Third Party Automobile Liability;
2.Workers’ Compensation (Social Security Scheme);
3.Hunter’s Liability;
4.Nuclear Liability;
5.Pension.
Non-Admitted Insurance:
Permitted except for compulsory coverages. The are also no restrictions on the servicing of non-admitted policies by brokers or claim adjusters.
Policy Wordings & Rates / Tariffs Controlled:
Insurers are not required to file wordings or rates.
Policy Language:
Dutch although Marine policies are often written in English.
Types of Insurance Restricted to Government Institutions:
A schedule of Social Benefit coverages including basic disability.
Policy Currency:
euro (EUR) note: on 1 January 1999, the European Monetary Union introduced the euro as a common currency to be used by financial institutions of member countries; on 1 January 2002, the euro became the sole currency for everyday transactions within the member countries. U.S $ insurance is available.
Currency Restrictions / Exchange Controls:
No restrictions.
Policy Period:
Annual is customary but longer periods of 3, 5 and 10 years are available. Long Term Agreements (LTAs) are available.
Cancellation Provisions:
90 day written notice is required for mid-term cancellations of annual policies. Longer term policies generally have annual cancellation provisions.
Premium Tax, etc. paid by Insured:
7.5% premium tax on all lines except for Surety Bond and Credit, Life, Pension, Personal Accident, Aircraft, Goods in Transit. There are no fire brigade taxes, federal taxes or stamp duties.
Insurance Companies:

Brokers:
Brokers are common. There is also an efficient agency system in The Netherlands.
Brokerage Commissions:
Fire (Industrial) - 15-20%; Liability - 25%; Automobile - 20%; Personal Accident - 25%. Commissions cannot be paid to foreign brokers not licensed in The Netherlands.
Broker of Record Letters:
Required for the transfer of business. Newly appointed brokers will not earn commissions on business placed by the previous broker.
Reinsurance:
No restrictions known.
Local Natural Hazards:
Windstorm & Flood.
Other Information:
Additional detailed information on insurance and business practices is available by e-mail: info@isn-inc.com
Property Insurance
Fire:
Standard fire perils include - fire, lightning, aircraft, explosion, storm / tempest, burst water pipe, vehicle impact. Riot / civil commotion, malicious damage, windstorm / hurricane, weight of snow / avalanche are available in the market for an additional premium charge.
All Risk:
Available.
Coinsurance:
100%.
Blanket Insurance:
Available.
Business Interruption:
Available - basically follows UK Loss of Profits.
Replacement Cost:
Available.
Discount for fire protection equipment / systems: Available and negotiable.

Boiler & Machinery / Machinery Breakdown / Engineering
Wordings:
Local, UK, U.S. forms available. Boiler explosion may be covered under the Fire policy. Inspections are required by Government Inspectors.
General / Public Liability
Available Wordings:
Comprehensive General / Public Liability including Product Liability and Employer’s Liability.
Comments:
Policies can be written on an occurrence basis. Non-Owned Automobile coverage is a usual extension of coverage. Defense costs are covered. The Territorial designation is generally worldwide providing suit is brought in the Netherlands.
Automobile / Motor
Compulsory Limits:
Euro 1,000,000 Combined Single Limit (CSL).
Comments:
Coverage applies to the Insured and any licensed individual driving with the Insured’s permission. Passengers are deemed to be Third Parties and therefore covered. Fleet discounts are available.
Workers’ Compensation
Comments:
This is a compulsory coverage and coverage is provided by the Government Social Security Scheme. All workers (including maritime) are protected. Extra-Territorial, Medical Expenses and Occupational Disease benefits are provided under the Scheme. Employees have the option to sue.
Marine
Available Wordings:
Local, UK & U.S. Cargo forms closely follow the Institute of London Underwriters. Hull is written on Dutch policy wordings. War Risks rates follow the London scale.
Crime
Available Coverages:
Available - various local and foreign forms. Theft and Burglary are included under the Fire policy subject to a deductible