Health insurance - Netherlands | Statista Market Forecast

The Health insurance market market in the Netherlands is projected to reach a market size (gross written premium) of US$86.04bn in 2024.
In the same year, the average spending per capita in the Health insurance market market is estimated to be US$4.87k.
Looking ahead, the gross written premium is expected to demonstrate an annual growth rate (CAGR 2024-2029) of 3.05%, resulting in a market volume of US$99.97bn by 2029.
In comparison to other countries worldwide, the United States is anticipated to generate the highest gross written premium in the Health insurance market market, amounting to US$1.7tn in 2024.
The Netherlands is experiencing a growing trend of individuals opting for private health insurance to supplement their basic coverage.

Definition:

Health insurance is a financial arrangement in which individuals or groups pay regular premiums to a provider, typically an insurance company. In exchange for these premiums, the insurer offers coverage and financial assistance for various healthcare-related costs, including but not limited to medical consultations, hospitalization, prescription medications, and other medical services. According to our current definition, the health insurance market includes voluntary health insurances.

Additional information:

The market contains the following KPIs: gross written premium aggregated for all countries and regions, gross written premium per capita, and the share of insureds in the total population for over 50 countries.

Voluntary health insurance contributions

Compulsory health insurance contributions
Government schemes
Out-of-pocket payments
Reinsurance

The Health insurance market in Netherlands has been witnessing significant developments in recent years.

Customer preferences: Customers in the Netherlands are increasingly looking for health insurance policies that offer comprehensive coverage and a wide range of benefits. They prioritize plans that provide access to a diverse network of healthcare providers, including hospitals and specialists. Additionally, there is a growing demand for personalized insurance solutions that cater to individual needs and preferences.

Trends in the market: One notable trend in the Dutch health insurance market is the rise of digitalization. Insurers are investing in online platforms and mobile apps to enhance customer experience and provide easy access to information and services. Another trend is the emphasis on preventive healthcare, with insurance companies offering wellness programs and incentives to promote healthy lifestyles among policyholders. Moreover, there is a shift towards value-based care models, focusing on outcomes and quality of services rather than volume.

Local special circumstances: The unique healthcare system in the Netherlands, characterized by a combination of private insurance and mandatory basic coverage, influences the dynamics of the health insurance market. The presence of both non-profit and for-profit insurers creates a competitive environment that drives innovation and customer-centric policies. Additionally, the government plays a significant role in regulating the market and ensuring universal access to essential healthcare services.

Underlying macroeconomic factors: Several macroeconomic factors contribute to the development of the health insurance market in the Netherlands. Economic stability and a high standard of living increase the affordability of insurance products for a large portion of the population. The country's aging demographic and the increasing prevalence of chronic diseases also drive the demand for health insurance coverage. Furthermore, regulatory reforms and policy initiatives aimed at improving healthcare quality and sustainability shape the overall landscape of the market.

Data coverage:

Data encompasses B2B and B2C enterprises. Figures are based on gross written premium, gross written premium per capita, gross claim payments, loss ratio, and distribution channels.

Modeling approach / Market size:

Market sizes are determined by a Bottom-Up approach, based on a specific rationale for each market layer. As a basis for evaluating markets, we use industry associations, national statistic offices, and international organizations, such as OECD. Next we use relevant key market indicators and data from country-specific associations such as insurance consumer spending, gross domestic product, insurance - consumer price index (CPI), population growth. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing and HOLT-linear. The main drivers are insurance consumer spending and insurance - consumer price index (CPI).

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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