Life insurance market share in terms of gross premium in Luxembourg 2006-2017

This statistic shows the market share of life insurance business in terms of gross premium in Luxembourg from 2006 to 2017. In 2017, the market share reached a value of approximately 91.8 percent. Luxembourg is an international financial center in the European Union. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the third most competitive financial center in Europe after London and Zürich. In recent years, the Grand Duchy made efforts to diversify its financial activities in certain niches such as Chinese and Islamic finance, together with FinTech. Luxembourg's three traditional strengths, however, involve its activities in investment funds, banking and insurance. The number of domestic companies operating on the insurance market increased to 97 in 2017.