Luxembourg: distribution of the domestic property & n casualty (non-life) insurance market Luxembourg, by branch 2016| ��ƽ��

Distribution of the domestic property and casualty (non-life) insurance market in Luxembourg in 2016, by insurance branch

Characteristic	Share of total market
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Source

Release date

March 2017

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Region

Luxembourg

Survey time period

2016

Supplementary notes

* The source mentions that the "other"-category consists of the following:

- Accidents (in English: accident insurance): 3 percent;
- Protection juridique (in English: legal assistance): 3 percent;
- Marchandises transportées (in English: transported goods): 1 percent.

Additionally, other branches are mentioned. No numbers, however, were provided for these:

- Assistance;
- Crédit, Caution (in English: credit, savings);
- RC Véhicules maritimes (in English: liability insurance for maritime vehicles);
- RC Véhicules aériens (in English: liability insurance for air vehicles);
- Corps de véhicules maritimes, lacustres (in English: hull insurance for maritime and river vehicles).

Citation formats

This statistic shows the distribution of the domestic property and casualty (non-life) insurance market in Luxembourg in 2016, by insurance branch. Unlike neighboring countries in Europe and much like Switzerland, Luxembourg has a strong international orientation. The Grand Duchy therefore has two insurance markets: one domestic and one international. In 2016, car insurances made up approximately ** percent of the total domestic property and casualty insurance market. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the third most competitive financial center in Europe after London and Zürich. 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 increased in ** in 2014 and remained the same in 2015.