Non-life insurance distribution channel share domestic market Luxembourg 2012-2019
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. .