Revenue gross written premiums of insurance companies Luxembourg 2018, by segment

This statistic shows the total revenue in gross written premiums of insurance companies on the total market in Luxembourg as of 2018, by insurance segment (in thousand euros). In 2018, life insurance companies in Luxembourg had a revenue of approximately 23.8 billion euros. This is quite an 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 fourth most competitive financial center in Europe after London, Zürich and Frankfurt. 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 increased to 97 in 2017.

Total revenue in gross written premiums of insurance companies in Luxembourg as of 2018, by insurance segment

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Source

Release date

July 2019

Region

Luxembourg

Survey time period

2014 to 2018

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