Insurance market expected to grow at annualized rate of 3.8%

U.K.-based data analytics firm GlobalData PLC predicts the Netherlands’ nonlife insurance market will be worth €77.6 billion ($94 billion) in 2026, up from €64.4 billion in 2021, reflecting an annualized growth rate of 3.8%, Xprimm reported. The growth is expected to be driven by personal accident and health insurance segment, while an increase in government-backed renewable, housing, and infrastructure projects are driving the growth in property insurance segment.