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Property and casualty insurance distribution channels in Luxembourg 2019

This statistic shows the total property and casualty (non-life) insurance sales in Luxembourg as of 2019, by distribution channel (in 1,000 euros). In 2019, the largest amount of property and casualty insurance on the Luxembourg market only was sold via direct sales, with just over 7.7 million euros worth of sales. On the international market, exchange brokers had the largest sales amount for property and casualty insurances with over 1.5 billion euros worth of sales.

In the Global Financial Centers Index, Luxembourg was ranked as having the seventh-most competitive financial center in Europe. 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 insurance companies was 96 in 2018.

Total property and casualty (non-life) insurance sales in Luxembourg as of 2019, by distribution channel

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Source

Release date

October 2020

Region

Luxembourg

Survey time period

2019

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Statistics on "Insurance industry in Luxembourg"

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