Non-life insurance distribution channel international market Luxembourg 2012-2019
This statistic shows the market share of property and casualty (non-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 87 percent.
In the most recent Global Financial Centers Index, Luxembourg was ranked as having the seventh-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 companies was 96 in 2018.
In the most recent Global Financial Centers Index, Luxembourg was ranked as having the seventh-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 companies was 96 in 2018.
