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Life insurance market share in terms of gross premium in Luxembourg 2006-2018

Published by Statista Research Department, Nov 5, 2020
In 2018, life insurance continued to dominate the insurance in the Grand Duchy of Luxembourg. 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.

Market share of life insurance business in terms of gross premium in Luxembourg from 2006 to 2018

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Release date

January 2020

Region

Luxembourg

Survey time period

2006 to 2018

Supplementary notes

Further information from the source: "This is the ratio of gross life insurance premium to total gross premium, which measures the relative importance of life insurance as compared to non-life insurance."

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