Luxembourg Insurance Market Analysis and Growth Report, 2018
Luxembourg Insurance Market Analysis and Growth Report, 2018

Report Summary:

researchFOLKS’ ’‘Luxembourg Insurance Market Analysis” report offers a retrospective analysis of trends and events occurred in the industry in the recent few years with forward looking statements and also a comprehensive view on the impact of growing customer data volume and technology adoption in the industry. The report also provides accurately validated market statistics of both life and non-life segments along with the future projections till 2022. 

Technology, connectivity and internet usage has revolutionized the industry and offering huge growth opportunities for the insurers, which is encouraging them to pursue innovation with data and technology providers in order to improve their capabilities and product offerings. However, this has created evolving risks from cyber threats. In our report, we pinpoint how the insurers are responding to changing technology landscape and addressing cyber related issues in greater detail.

Our report also touches on various innovative distribution channels adopted by insurers, market growth drivers, emerging technologies in the market and industry benchmarking with other peer countries and their relative market positioning for both life and non-life business segments. In addition, the report also touches on regulatory framework, and broader implications of regulatory policy changes on insurance market.

Insurance Market in Luxembourg - Highlights of the report:

Luxembourg is the epicentre for many of the European insurance companies supporting the reinsurance and insurance industry. Savings products sold to the non-residents and demand for birth and marriage insurance and endowment are some of the factors that highly promote the growth of insurance premiums in the country.  Leading insurers in the country are the subsidiaries of international companies.

The taxes paid by the insurance companies have almost doubled from EUR180 million in 2016 to EUR 372 million in 2017, at a growth rate of almost 99%. The sum of the balance sheet was increased to EUR227 billion with the life insurance contributing almost EUR173 billion in total share. At the same time, the employment rate in the insurance industry also hiked by 2%.

At the European level, Luxembourg is the key player in life insurance segment. Several factors like security to single subscribers in the continent, experience in cross-border services, availability of a diverse range of underlying assets, and the strict regulatory framework in compliance with European directives are encouraging the growth of life insurance segment in the country.

The country is also a global leader in digital financial services and acts as a financial technology hub for other European countries. Some of the insurance companies in Luxembourg has introduced sandboxes for testing the innovative products developed by insurTech in a protected environment, eliminating the need for time-to-market.

List of Companies mentioned in the report:

    • Foyer SA
    • Swiss Life Insurance
    • Dexia Insurance
    • Chartis Europe SA
    • AXA Luxembourg
    • AGF Benelux SA
    • Cardif Lux Vie SA
    • Sogelife Insurance
    • DKV Luxembourg
    • P&V Insurance

Scope of the report:

    • The overview of insurance industry market and comprehensive analysis of the market drivers
    • It provides conventional and contemporary information about insurance market and predictions till 2022
    • It details the emerging technologies and various distribution channels adopted by insurers to improve the customer base and their economic, regional and business impact on the overall industry
    • Opportunities presented by Insurtech startups to the insurers, investment in Insurtech companies and key trends to watch in Insurtech market
    • Detailed information about existing market leaders, their strategies and government policies driving insurance market

Key Questions answered by the report:

    • What is the penetration rate of life and non-life insurance business segments; and the futuristic overview?
    • Who are the leading insurers in the market and what strategies they are adopting to maintain leadership positions?
    • What are the growth opportunities provided by the alternative distribution channels to the insurance market?
    • How are the emerging technologies and new product launches affecting the local insurers of the country?

Reasons to purchase this report:

    • Enhance the decision-making with the comprehensive information about trends, conventional statistics, and forecast for next five years
    • Understand the competitive landscape in the insurance industry and their marketing strategies
    • Unfold hidden growth opportunities with the use of data about emerging transitions in the market and customer transactional behaviors
    • Broaden the insight about regulatory policies and frameworks that impact insurance industry market
Table of Contents:

1. Definitions

2. Research Methodology

2.1 Research Process

2.1.1 Market Sizing

2.1.2 Competitor Analysis

2.1.3 Market Forecasting

2.1.4 Quality Control Process

3. Executive Summary

4. Industry Benchmarking with Peer Countries

5. Market Attractiveness

6. Regulatory Framework

7. SWOT Analysis

8. Porter’s Five Forces Analysis

9. InsurTech Landscape

10. Industry Enablers/Growth Drivers

11. Market analysis by business segment

12. Market Analysis by Distribution Channels

13. Key Industry Developments

14. Industry Outlook

15. Key Operators in the Market – Company Profiles

16. Appendix

16.1 Industry Stats


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