Open a Company in the Insurance Sector in the Netherlands

Open a Company in the Insurance Sector in the Netherlands

Open a Company in the Insurance Sector in the Netherlands

Do you want to start a business in the thriving Dutch insurance sector? The Netherlands is the fifth largest insurance market in Europe. In 2018 the sector grossed nearly €80 billion in written premiums. The Dutch insurance market is diverse, highly sophisticated and stable, and regulations put in place by the Dutch and government has made it a preferred destination for investors to start a Dutch business in the insurance sector and gain a steady return on investment.

In addition, the Dutch government has adopted the European Union’s Solvency II framework, which improves and sophistication and risk management capabilities of the insurance sector in the Netherlands.

Starting an insurance business in the Netherlands will allow you to provide the following services:

  • Health insurance

  • Life insurance

  • Funeral insurance

  • Non-life insurance

INCO’s consultants are experts in business development in the Netherlands and they can help you to start a Dutch business to identify specific opportunities in the insurance sector and how to take advantage of them. Call one of our consultants now!

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How do I set up an insurance company in the Netherlands

  • The first thing you have to do when starting a Dutch business is to register a Dutch company with the Dutch Trade Register, which must include the mandatory NACE (Nomenclature of Economic Activities) number. For insurance businesses, the numbers are as follows (depending on the type of operation):
    Section K; Division 65; Groups 65.1, 65.2; Classes 65.11 - 65.20.

  • Once you have registered your Dutch insurance business, you have to submit an application, along with a business plan, to the AFM or DNB, depending on the business.

  • When the AFM or DNB have approved your business plan, you need to submit the following documents:

  • Application for authorization to do business in the Netherlands.

  • Application for a license for the type of  insurance activity you would like to conduct business in.

  • Application for authorization to act as a payment institution, where applicable.

  • Declaration of No Objection.

  • Deposit a minimum share capital of €1.2 million up to a maximum of €3.7 million. The amount is determined by the type of insurance services your company will provide.

Different types of insurance activities require different licenses, depending on the type of insurance activity you are registered to trade in. Our agents are specialists in business development in the Netherlands and have an in-depth understanding of the insurance license application process. They know exactly which documents to submit and who to submit them to. Call us now to discuss how we can help you make this process quick and easy.

Why choose INCO to help you to start an insurance business in the Netherlands?

  • INCO has helped a great many people to set up an insurance business in the Netherlands.

  • Our agents are experienced experts that have a lot of experience with the process of incorporating a company, including starting a Dutch BV. They know all the formalities of starting an insurance business in the Netherlands.

  • We can connect you to the relevant authorities and regulatory bodies and provide you with business development services.

  • An INCO consultant can help you to draw up an effective business plan to submit to the AFM or DNB so you can start a Dutch company as soon as possible and start taking advantage of the opportunities in the Dutch insurance market.

  • INCO can help you to secure funding for your insurance business.

  • Because INCO is a Dutch company, we know the Dutch insurance market well and can guide you to set up a business, such as a Dutch BV in the Netherlands swiftly and easily. This makes us the ideal local business partner for your business in the Netherlands.

  • When you start a business in the Netherlands, you are going to need knowledgeable and qualified employees. We can connect you to top recruitment agencies to ensure that you get the best talent for your business.

We are the best business partners in the Dutch insurance business. Call now!

Frequently asked questions:

Do I require a license to operate an insurance business in the Netherlands?


Why is The Netherlands such a good place to start an insurance business?

  • Internationally connected insurance industry.

  • Highly sophisticated, underpinned by robust actuarial practices.

  • Every Dutch citizen has to have health insurance.

  • A moderately competitive market that allows small to medium businesses to thrive.

  • The Dutch insurance sector is logistically favorably positioned to service the entire EU.

  • Closely monitored by the Dutch insurance regulator to ensure the insurance market stays viable and businesses operate appropriately.

  • Attractive tax rates that draw a lot of investors to the Dutch financial markets

  • The Netherlands has a very stable and resilient business environment

How long does it take to start an insurance company in the Netherlands?

Starting a Dutch company usually takes between 2-5 days, but since you require a license to run a financial company in the Netherlands, it may take a bit longer. Call us to find out more.

Can I start an insurance business in the Netherlands as a non-Dutch or EU citizen?

Yes. The Dutch government allows foreigners to start a Dutch company or bring their existing business from abroad. However, certain legal conditions apply.

Are you excited about starting an insurance business in the Netherlands, but you are unsure whether the market is the right one? 

Or if you are considering other EU countries like France or Finland, feel free to schedule a free consultation with one of our Dutch business development agents to discuss why the insurance sector in the Netherlands is the perfect place to start a Dutch company.

We can help you determine your business proposition, as well as the services you aim to provide and give input and expert guidance on how to present this to the Dutch market.


Inco Business GroupToolkit

Company formation support pages

+100 articles on starting a business in the Netherlands

Our experts have combined their knowledge and strengths to create a tool we call the Business Toolkit.

The Business Toolkit will help you and entrepreneurs from around the globe to truly understand the Dutch market, regulations and laws. And will enable you to take a deep-dive the many business-related topics.

Company Formation

All details about our company formation services in the Netherlands.

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