insurers

A massive storm that hit the Netherlands on Thursday caused around 90 million euros worth of damage to cars and homes, according to a prognosis the Dutch association of insurers VvV released on Friday morning. Thursday's storm is the third largest to hit the Netherlands this century, the association said. The Netherlands annually deals with four to five large storms across the country, with an average annual damage of 50 million euros.

A fifth of Dutch companies with at least 10 employees analyze so-called Big Data - large amounts of unstructured data, according to Statistics Netherlands. This often involves analysis of their own data, but one in 10 companies also analyze data from outside the company.

Big data analysis is more common in large companies than smaller ones. About 15 percent of companies with between 10 and 20 employees do it, compared to 42 percent of companies with 500 or more employees.

The Ministry of Economic Affairs is holding a crisis meeting with various farmers' unions and insurers on Monday to discuss the damage storms in Limburg and Noord-Brabant caused last week. On Friday LTO Nederland estimated that farmers in those provinces suffered about 100 million euros worth of damage

Dutch central bank DNB is deeply concerned about the "profound consequences" the superlow interest rates will have on the entire financial sector, director of Supervision at DNB Jan Sijbrand said on Thursday

Despite a few difficult years during and following the financial crisis, the Netherlands' national wealth continued to grow and is currently standing at a staggering 3.7 trillion euros, according to figures Statistics Netherlands released on Thursday. That is 3.7 with eleven zeros.

The massive wind storm that hit the Netherlands during the early hours of Wednesday morning caused about 10 million euros worth of damage to building and possessions.

Last year insurers saved nearly 99 million euros by tackling fraud - a 10 percent increase compared to 2013, despite the fact that fewer investigations were done, the Association of Insurers announced on Thursday.

Motorists can very likely soon expect an increase on their car insurance premiums. This past year insurers had to pay out 300 million euros more than they received from contributions.

Hundreds of psychiatrists and psychotherapists are refusing to sign contracts with health insurance providers because of their alleged interference with practices and treatment, the Volkskrant reported.

The repair of the IJsselstein house that was heavily damaged by a toppling crane in December, has been delayed. According to Arnold Wagemakers of housing corporation Provides (which owns the house), the delays are caused by the bad weather.

Several Dutch insurers have not passed the major European stress test SCR.