Transaction Monitor Insurance Market H1-2023: The first mover disadvantage

The ‘first mover disadvantage,’ suggests that having an advantage in a particular domain can lead to little incentive to seek further improvement or progress. As a result, one may be overtaken by the competition.

The consolidation wave we have been writing about for several years has seen some pioneers and new entrants that have only recently become active. Those who led the way in this consolidation struggle, however, do not always have the best cards in hand. Challenges in terms of integration, intended collaborations, and economies of scale are not always realized.

A look across borders

The Netherlands is a true trading nation with a very strong interaction with neighbouring countries to the east and south. In almost every sector, there is an international aspect. However, influenced by national regulations, the insurance market has long been primarily a national market with only limited interaction with foreign markets. In recent years, this interaction has increased, and various insurance brokers are looking beyond borders. In this transaction monitor, we take a closer look at the Belgian and German markets.

Howden, a global insurance broker

In the context of the cross-border activities undertaken by insurance brokers from the Netherlands, Belgium, and Germany, we had the opportunity to speak with Enrico Nanni, who holds the position of Chief Commercial Officer at Howden. During our conversation, we delved deeper into the topic of internationalization and discussed Enrico Nanni's vision on market developments.

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The Transaction Monitor Insurance Market is an exclusive publication of BHB Dullemond. Our Transaction Monitor provides a complete picture of all takeovers and acquisitions in the first half of 2023. The figures and trends in the transaction monitor provide more insight and transparency into current and future developments in the insurance market. Please use the form below to download the latest and earlier versions free of charge.