Revenue of insurance companies on domestic market Luxembourg 2018, by segment

This statistic shows the total revenue in gross written premiums of insurance companies on the domestic market in Luxembourg as of 2018, by insurance segment (in thousand euros). Unlike neighboring countries in Europe and much like Switzerland, Luxembourg has a strong international orientation when it comes to insurance. The Grand Duchy therefore has two insurance markets: one domestic and one international. In 2018, life insurance companies in Luxembourg had a revenue of approximately 1.7 billion euros on the domestic market. 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. Furthermore, the number of domestic companies operating on the insurance market increased to 97 in 2017.