In 2021, the highest value of property and casualty insurance in Luxembourg was sold via exchange brokers, valued at almost 4.3 billion euros. This was by far the largest segment, with the next-largest - insurance agents and agencies (other than banks) - only accounting for 593 million euros.
In the Global Financial Centers Index, Luxembourg was ranked as having the fourth-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. The number of domestic insurance companies was 98 in 2019.
Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel
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Total sales in thousand euros
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Commissariat aux Assurances. (July 13, 2022). Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel (in 1,000 euros) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/
Commissariat aux Assurances. "Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel (in 1,000 euros)." Chart. July 13, 2022. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/
Commissariat aux Assurances. (2022). Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel (in 1,000 euros). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/
Commissariat aux Assurances. "Total Property and Casualty (Non-life) Insurance Sales in Luxembourg in 2021, by Distribution Channel (in 1,000 Euros)." Statista, Statista Inc., 13 Jul 2022, https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/
Commissariat aux Assurances, Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel (in 1,000 euros) Statista, https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/ (last visited July 22, 2024)
Total property and casualty (non-life) insurance sales in Luxembourg in 2021, by distribution channel (in 1,000 euros) [Graph], Commissariat aux Assurances, July 13, 2022. [Online]. Available: https://www.statista.com/statistics/782299/property-and-casualty-insurance-distribution-channels-in-luxembourg/