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Foreign life insurance companies market share in Luxembourg 2007-2018

This statistic shows the market share of foreign life insurance companies on the domestic market in Luxembourg from 2007 to 2018. In 2018, the market share of (branches of) foreign controlled undertakings in life insurance reached a value of over 90 percent. 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. The number of domestic companies operating on the insurance market reached 97 in 2017.

Market share of foreign life insurance companies on the domestic market in Luxembourg from 2007 to 2018

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Source

Release date

January 2020

Region

Luxembourg

Survey time period

2007 to 2018

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Statistics on "Insurance industry in Luxembourg"

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