IMF Staff Country Reports

Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Insurance and Pension Fund Regulation and Supervision

June 18, 2024

Download PDF More Formats on IMF eLibrary Order a Print Copy
More formats on IMF eLibrary Order a Print Copy

Preview Citation

Format: Chicago

International Monetary Fund. Monetary and Capital Markets Department "Kingdom of the Netherlands-The Netherlands: Financial Sector Assessment Program- Technical Note on Insurance and Pension Fund Regulation and Supervision", IMF Staff Country Reports 2024, 170 (2024), accessed November 21, 2024, https://doi.org/10.5089/9798400279843.002

Export Citation

  • ProCite
  • RefWorks
  • Reference Manager
  • BibTex
  • Zotero
  • EndNote

Summary

This paper highlights a technical note on insurance and pension fund regulation and supervision in The Netherlands. The Dutch insurance sector is undergoing further consolidation, the life sector has been steadily shrinking over the last two decades, and the non-life market is relatively saturated. Investment exposures to real estate are increasing, and Dutch insurers are large providers of mortgage loans. Solvency ratios of Dutch insurers are well above the regulatory threshold, but below the EU average and furthermore distorted by the mechanics of the ‘Long-Term Guarantee Measures’ in Solvency II. The Dutch pension system—considered to be among the best according to international comparisons—rests on three pillars. Most pension schemes are defined-benefit pensions, which have come under pressure since 2008, when low interest rates resulted in declining funding ratio and led to an overall loss in confidence in the system. The Dutch system for independent state agencies, including De Nederlandsche Bank and Autoriteit Financiële Markten, carefully balances powers and accountability. Supervision of insurers and pension funds is effective in the Netherlands.

Subject: Expenditure, Financial institutions, Insurance, Insurance companies, International organization, Labor, Monetary policy, Pension spending, Pensions

Keywords: D.C., FSAP's finding, Global, Insurance, Insurance companies, Insurance regulation regime, International Monetary Fund Washington, Organization of Supervision, Pension fund regulation, Pension fund Sector, Pension spending, Pensions, Solvency Assessment

Publication Details

You May Also Be Interested In...

Quarterly Projection Model for the Bank of Ghana: Extensions and Applications

November 15, 2024

Growth Convergence and Public Finances of India and its States

November 15, 2024

Central Bank Digital Currency: Progress And Further Considerations

November 8, 2024

Republic of Tajikistan: Technical Assistance Report-Public Investment Management Assessment with the Climate Module

November 8, 2024