Life Insurance in Luxembourg to 2017:Industry Trends, Size and Shares Research Report

Life Insurance in Luxembourg, Key Trends and Opportunities to 2017

Synopsis The report provides in-depth market analysis, information and insights into the Luxembourg life insurance segment, including: The Luxembourg life insurance segment’s growth prospects by life insurance categories Key trends and drivers for the life insurance segment The various distribution channels in the Luxembourg life insurance segment The detailed competitive landscape in the life insurance segment in Luxembourg Detailed regulatory policies of the Luxembourg insurance industry A description of the life reinsurance segment in Luxembourg Porter's Five Forces analysis of the life insurance segment Executive summary Luxembourg is a leading financial center and hub for private banking, insurance and investment funds in the EU. The country’s economy is highly developed, with the highest GDP per capita in the world. The availability of multilingual and multicultural experts, flexible and deferrable tax regimes, and a standardized regulatory regime has made it one of the leading centers of insurance and reinsurance business in Europe. It is also an attractive destination for cross-border life insurance business, where it acts as a center for global insurers to launch new policies under the EU’s freedom of services provision. The life insurance segment is highly competitive and concentrated, with the 10 leading companies accounting for 79.1% of the gross written premiums in 2012. Overall, 48 life insurers, of which 43 are domestic, one is foreign, and four are pension companies, operated in the country in 2012. Commissariat aux Assurances (CA) is the insurance regulator. Scope This report provides a comprehensive analysis of the life insurance segment in Luxembourg: It provides historical values for the Luxembourg life insurance segment for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period. It offers a detailed...