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Non-life insurance distribution channel international market Luxembourg 2012-2017

Market share of property and casualty (non-life) insurance distribution channels on the international market in Luxembourg from 2012 to 2017

by Raynor de Best, last edited Jul 23, 2019
Non-life insurance distribution channel international market Luxembourg 2012-2017 This statistic shows the market share of property and casualty (non-life) insurance distribution channels on the international market in Luxembourg from 2012 to 2017. 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 2017, exchange brokers reached a market share of approximately 65 percent. 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 increased to 97 in 2017.
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Market share of property and casualty (non-life) insurance distribution channels on the international market in Luxembourg from 2012 to 2017

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