This statistic shows the market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019. Unlike neighboring countries in Europe and much like Switzerland, Luxembourg has a strong international orientation when it comes to insurance. The Grand Duchy therefore has two insurance markets: one domestic and one international. As of 2019, exchange brokers reached a market share of approximately 47 percent.
In the most recent Global Financial Centers Index, Luxembourg was ranked as having the fourth most competitive financial center in Europe after London, Zürich and Frankfurt. 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 96 in 2018.
Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019
Characteristic
Insurance agents and agencies (other than banks)
Exchange broker and exchange broker corporations (other than banks)
Banks and other finance companies
Other intermediaries
Direct sales
Other forms of distribution
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Commissariat aux Assurances. (October 15, 2020). Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019 [Graph]. In Statista. Retrieved August 24, 2024, from https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/
Commissariat aux Assurances. "Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019." Chart. October 15, 2020. Statista. Accessed August 24, 2024. https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/
Commissariat aux Assurances. (2020). Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019. Statista. Statista Inc.. Accessed: August 24, 2024. https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/
Commissariat aux Assurances. "Market Share of Life Insurance Distribution Channels on The International Market in Luxembourg from 2012 to 2019." Statista, Statista Inc., 15 Oct 2020, https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/
Commissariat aux Assurances, Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019 Statista, https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/ (last visited August 24, 2024)
Market share of life insurance distribution channels on the international market in Luxembourg from 2012 to 2019 [Graph], Commissariat aux Assurances, October 15, 2020. [Online]. Available: https://www.statista.com/statistics/817791/life-insurance-distribution-channel-market-share-on-international-market/