D t h M k t 2006Dutch Market 2006

Wilko Emmens

IMIA Conference, Tokyo, Oktober 2nd 2007

Netherlands

• 16 mio inhabitants

• 41.500 square km (appr. 0,43 % of the USA)

• 40 % of country below sealevely

• High Economic Growth (2006: 3 %)

L b f • Labour force:

• 64 % services

• 29 % manufacturing

• 4 % agriculture• 4 % agriculture

© CVS 2007

Insurance sector

Premium income non life 23 500 mio (6 25 % EU)• Premium income non-life 23.500 mio (6.25 % EU)• Premium income CAR/MB etc. 245 mio

A 50 % i• Appr. 50 % co-insurance• Non-life insurance companies 913

I t t l 52 500 l i i t• In total 52.500 employees in insurance-sector

• Increased competion on premium and diticonditions

• Lack of skilled personel

Declining growth for technical branchesbranches

% compared to last year

12

16

8

12

4

4

0

-42002 2003 2004 2005 2006

N lif P t E i i

© CVS 2007

Non-life Property Engineering

Lower technical results, even compared to propertycompared to property

40

% earned premiumGRP incl. interest

30

40

30

20

10

02002 2003 2004 2005 2006

Non-life Property Engineering© CVS 2007

Changes in premium, claims, costs for technical branchescosts for technical branches

30

% compared to last year

20

30

10

20

0

-10

-202003 2004 2005 2006

earned premium claims costs© CVS 2007

Increased combined ratio EngineeringEngineering

120

100

120

80

100

60

80

402002 2003 2004 2005 2006

Engineering Property

© CVS 2007

Engineering Property

Causes of loss Engineering

other external causes 23%remaining 23% causes 23%remaining 23%

``

weather 11%

fire/induction 5%

bad workmanshipp

9%

weather 11%

faulty design 10%

criminal acts11 %

construction/material defect

8%

© CVS 2007

CAR/EAR major sub-branches

RemainingRemaining4%Machinery

13%

Electronics11%

CAR/EAR72%

© CVS 2007

To do list I

Working group “Knowledge”Working group Knowledge

• Each year 4 seminars on practical topics f.i.y p p

• Corrosion

• New contract wordings

• Insured guarantee• Insured guarantee

• Claims practice

• Quality control General Insurance courses

© CVS 2007

To do list II

• Advisory basic policy wording CAR• Advisory basic policy wording CAR

• Pilot theft prevention building sites

• Participating in project “collapses - building

projects”projects

• Multilateral talks for improving reputation of

contractors

• Improving quality market statisticsp g q y

© CVS 2007

© CVS 2007

© CVS 2007

Hubertus tunnelHubertus tunnel

© CVS 2007