Life insurance distribution channels in Luxembourg 2022
In 2022, the distribution channel responsible for the largest amount of life insurance sales in Luxembourg was direct sales exchange brokers, who sold almost 8.3 billion euros worth of life insurances.
In the Global Financial Centers Index, Luxembourg was ranked as having the fourth-most competitive financial center in Europe after London, Frankfurt 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 was 98 in 2019.
