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Life insurance distribution channel market share domestic market Luxembourg 2014-2019

This statistic shows the market share of life insurance distribution channels on the domestic market in Luxembourg from 2014 to 2019. 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. As of 2019, insurance agents and companies other than banks reached a market share of approximately 35 percent.

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. The number of domestic companies was 96 in 2018.

Market share of life insurance distribution channels on the domestic market in Luxembourg from 2014 to 2019

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Source

Release date

October 2020

Region

Luxembourg

Survey time period

2014 to 2019

Supplementary notes

Values prior to 2016 taken from previous reports.

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