Revenue gross written premiums of insurance companies Luxembourg 2019, by segment

This statistic shows the total revenue in gross written premiums of insurance companies on the total market in Luxembourg as of 2019, by insurance segment (in billion euros). In 2019, life insurance companies in Luxembourg had a revenue of approximately 25.7 billion euros. This is a significant increase compared to the 21.4 billion euros reached in 2016.

Luxembourg is an international financial center in the European Union. In the most recent 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. In addition, the number of domestic companies operating on the insurance market was 96 in 2018.