Non-Life Insurance in Luxembourg to 2017:New Industry Analysis Report

Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2017

Synopsis The report provides in-depth market analysis, information and insights into the Luxembourg non-life insurance segment, including: The Luxembourg non-life insurance segment’s growth prospects by non-life insurance categories Key trends and drivers for the non-life insurance segment The various distribution channels in the Luxembourg non-life insurance segment The detailed competitive landscape in the non-life insurance segment in Luxembourg Detailed regulatory policies of the Luxembourg insurance industry A description of the non-life reinsurance segment in Luxembourg Porter's Five Forces analysis of the non-life insurance segment Executive summary Luxembourg is amongst the world’s most developed economies, and has the highest domestic per capita income. The global financial and eurozone debt crises affected the country’s financial sector during the review period. In 2009, a decline of 4.1% at current prices was recorded in GDP, but the economy recovered to expand by 2.9% in 2010 and 1.7% in 2011. Marred by troubles in other eurozone economies, GDP growth moderated to 0.3% in 2012 and a stable housing and automobile industry supported growth in the non-life segment. The segment posted a compound annual growth rate (CAGR) of 2.3% during the review period. The segment is highly competitive, with 42 operational insurers – 31 domestic and 11 foreign – as of 2012. The Commissariat aux Assurances (CA) is the regulator of Luxembourg’s insurance industry. Scope This report provides a comprehensive analysis of the non-life insurance segment in Luxembourg: It provides historical values for Luxembourg’s non-life insurance segment for the report’s 2008–2012 review period and projected figures for the 2012–2017 forecast period. It offers a detailed analysis of the key categiories in Luxembourg’s non-life insurance segment, along...