In 2022, life insurance companies in Luxembourg generated four billion euros less in revenue than in the previous year. They reported revenues of 24.7 billion euros in 2022, down from 28.2 billion euros in 2021.
Luxembourg is an international financial center in the European Union. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the one of the most competitive financial centers 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. More than 90 domestic companies operated on the insurance market in 2020.
Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022
(in billion euros)
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Commissariat aux Assurances. (October 3, 2023). Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022 (in billion euros) [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/
Commissariat aux Assurances. "Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022 (in billion euros)." Chart. October 3, 2023. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/
Commissariat aux Assurances. (2023). Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022 (in billion euros). Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/
Commissariat aux Assurances. "Total Revenue in Gross Written Premiums of Life Insurance Companies in Luxembourg from 2010 to 2022 (in Billion Euros)." Statista, Statista Inc., 3 Oct 2023, https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/
Commissariat aux Assurances, Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022 (in billion euros) Statista, https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/ (last visited November 21, 2024)
Total revenue in gross written premiums of life insurance companies in Luxembourg from 2010 to 2022 (in billion euros) [Graph], Commissariat aux Assurances, October 3, 2023. [Online]. Available: https://www.statista.com/statistics/669332/turnover-of-gross-written-premiums-of-life-insurance-companies-in-luxembourg/
