Belgium, Luxembourg, Netherlands: life insurance premiums to population 2004-2020
This statistic shows the life insurance density (premiums to population) in the Benelux countries (Belgium, Luxembourg and the Netherlands) from 2004 to 2020 (in euros). Of the Benelux countries, Luxembourg had the highest life insurance premiums to population in 2020. Insurance density is a measure to gauge a country's insurance market, specifically the gross premiums paid in relation to the inhabitants of the measured country.
As of 2020, the distribution channel responsible for the largest amount of nominal sales on the domestic life insurance market in Luxembourg was direct sales with nearly 71 million euros worth of sales. On the international market, exchange brokers other than banks in 2020 sold almost 7.1 billion euros worth of Luxembourgish life insurances.
In the most recent Global Financial Centers Index, Luxembourg was ranked as having the tenth-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.
As of 2020, the distribution channel responsible for the largest amount of nominal sales on the domestic life insurance market in Luxembourg was direct sales with nearly 71 million euros worth of sales. On the international market, exchange brokers other than banks in 2020 sold almost 7.1 billion euros worth of Luxembourgish life insurances.
In the most recent Global Financial Centers Index, Luxembourg was ranked as having the tenth-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.
