Life insurance distribution channels in Luxembourg 2018

This statistic shows the total life insurance sales in Luxembourg as of 2018, by distribution channel (in 1,000 euros). As of 2018, the distribution channel responsible for the largest amount of nominal sales on the domestic life insurance market in Luxembourg were the insurance agents and companies other than banks with nearly 115 million euros worth of sales. On the international market, banks and other financial companies in 2017 sold over nine billion euros worth of life insurances.

In the 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 increased in 97 in 2014 and remained the same in 2015.

Total life insurance sales in Luxembourg as of 2018, by distribution channel

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Source

Release date

July 2019

Region

Luxembourg

Survey time period

2018

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Statistics on "Life insurance in the Benelux"

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