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The Insurance Industry in Luxembourg, Key Trends and Opportunities to 2016 - Product Image

The Insurance Industry in Luxembourg, Key Trends and Opportunities to 2016

  • Published: November 2012
  • Region: Luxembourg
  • 138 Pages
  • Timetric

FEATURED COMPANIES

  • AGF Benelux SA
  • AXA Luxembourg
  • Cardif Lux Vie SA
  • Chartis Europe SA
  • Dexia Insurance
  • DKV Luxembourg
  • MORE

Luxembourg is one of the most developed nations in the world, with a service sector that accounts for most of its economic output. A healthy growth rate was recorded during the review period, excluding 2011 which witnessed a decline of around 32.4% following the Eurozone economic crisis. Widely considered the most important private banking center, it is a hub for Europe’s leading reinsurance companies and therefore the growth of the insurance industry is heavily supported. One of the supporting factors in the expansion of life insurance premiums has been the sale of savings products to non-residents, and a demand for endowment, and marriage and birth insurance. Most of Luxembourg’s insurance and reinsurance companies are local subsidiaries of global companies.

Synopsis

The report provides in depth market analysis, information and insights into the insurance market in Luxembourg, including:

- The Luxembourg insurance market’s growth prospects by insurance segments and sub-segments
- The competitive landscape in the Luxembourg insurance market
- The current trends and drivers of the Luxembourg insurance market
- The challenges facing the READ MORE >

1 Executive Summary

2 Introduction
2.1 What is this Report About?
2.2 Definitions
2.3 Methodology

3 Luxembourg Insurance Industry Overview
3.1 Insurance Industry Overview
3.2 Luxembourg Insurance Industry – Market Size, 2007–2016
3.3 Key Industry Trends and Drivers
3.4 Challenges
3.5 Regulation

4 Market Segmentation
4.1 Life Insurance Growth Prospects by Category
4.1.1 Individual life insurance category
4.1.2 Individual others insurance category
4.1.3 Group life insurance category
4.2 Non-Life Insurance Growth Prospects by Category
4.2.1 Property insurance category
4.2.2 Motor insurance category
4.2.3 Liability insurance category
4.2.4 Marine, aviation and transit insurance category
4.3 Personal Accident and Health Insurance Growth Prospects by Category
4.3.1 Personal accident insurance category
4.3.2 Health insurance category
4.3.3 Travel insurance category
4.4 Reinsurance Market Size by Insurance Market, 2007–2016

5 Competitive Landscape
5.1 Overview
5.2 Leading Companies
5.2.1 Foyer SA
5.2.2 Swiss Life Insurance – company overview
5.2.3 Cardif Lux Vie SA – company overview
5.2.4 Axa Luxembourg – company overview
5.2.5 AGF Benelux SA – company overview
5.2.6 Dexia Insurance – company overview
5.2.7 Sogelife Insurance – company overview
5.2.8 P&V Insurance– company overview
5.2.9 Chartis Europe SA – company overview
5.2.10 DKV Luxembourg – company overview

6 Macroeconomic Indicators
6.1 GDP at Constant Prices (US dollars)
6.2 GDP Per Capita at Constant Prices (US dollars)
6.3 GDP at Current Prices (US dollars)
6.4 Construction Output at Current Prices (US dollars)
6.5 Construction Net Output at Current Prices as a Percentage of GDP
6.6 Arable Land
6.7 Exports as a Percentage of GDP
6.8 Number of Air Passengers
6.9 Healthcare Expenditure Per Capita
6.1 Employed Population
6.11 Annual Disposable Income
6.12 Annual Disposable Income Per Capita
6.13 Total Population

7 Appendix
7.1 Methodology
7.2 Contact Us
7.3 About Timetric
7.4 Disclaimer

List of Tables

Table 1: Insurance Industry Definitions
Table 2: Luxembourg Insurance – Overall Written Premium by Segment (EUR Billion), 2007–2011
Table 3: Luxembourg Insurance – Overall Written Premium by Segment (US$ Billion), 2007–2011
Table 4: Luxembourg Insurance – Overall Written Premium by Segment (EUR Billion), 2011–2016
Table 5: Luxembourg Insurance – Overall Written Premium by Segment (US$ Billion), 2011–2016
Table 6: Luxembourg Insurance – Segmentation (% Share), 2007–2016
Table 7: Luxembourg Life Insurance – Written Premium by Category (EUR Billion), 2007–2011
Table 8: Luxembourg Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 9: Luxembourg Life Insurance – Written Premium by Category (EUR Billion), 2011–2016
Table 10: Luxembourg Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 11: Luxembourg Life Insurance – Paid Claims (EUR Billion), 2007–2011
Table 12: Luxembourg Life Insurance – Paid Claims (EUR Billion), 2011–2016
Table 13: Luxembourg Life Insurance – Incurred Loss (EUR Billion), 2007–2011
Table 14: Luxembourg Life Insurance – Incurred Loss (EUR Billion), 2011–2016
Table 15: Luxembourg Life Insurance – Loss Ratio (%), 2007–2011
Table 16: Luxembourg Life Insurance – Loss Ratio (%), 2011–2016
Table 17: Luxembourg Life Insurance – Combined Ratio (%), 2007–2011
Table 18: Luxembourg Life Insurance – Combined Ratio (%), 2011–2016
Table 19: Luxembourg Life Insurance – Total Assets (EUR Billion), 2007–2011
Table 20: Luxembourg Life Insurance – Total Assets (EUR Billion), 2011–2016
Table 21: Luxembourg Life Insurance – Total Investment Income (EUR Billion), 2007–2011
Table 22: Luxembourg Life Insurance – Total Investment Income (EUR Billion), 2011–2016
Table 23: Luxembourg Life Insurance – Retentions (EUR Billion), 2007–2011
Table 24: Luxembourg Life Insurance – Retentions (EUR Billion), 2011–2016
Table 25: Luxembourg Life Insurance – Investment (EUR Billion), 2007–2011
Table 26: Luxembourg Individual Life Insurance – Written Premium (EUR Billion), 2007–2011
Table 27: Luxembourg Individual Life Insurance – Written Premium (EUR Billion), 2011–2016
Table 28: Luxembourg Other Individual Insurance – Written Premium (EUR Billion), 2007–2011
Table 29: Luxembourg Other Individual Insurance – Written Premium (EUR Billion), 2011–2016
Table 30: Luxembourg Group Life Insurance – Written Premium (EUR Billion), 2007–2011
Table 31: Luxembourg Group Life Insurance – Written Premium (EUR Billion), 2011–2016
Table 32: Luxembourg Non-Life Insurance – Written Premium by Category (EUR Billion), 2007–2011
Table 33: Luxembourg Non-Life Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 34: Luxembourg Non-Life Insurance – Written Premium by Category (EUR Billion), 2011–2016
Table 35: Luxembourg Non-Life Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 36: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion), 2007–2011
Table 37: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion), 2011–2016
Table 38: Luxembourg Non-Life Insurance – Incurred Loss (EUR Billion), 2007–2011
Table 39: Luxembourg Non-Life Insurance – Incurred Loss (EUR Billion), 2011–2016
Table 40: Luxembourg Non-Life Insurance – Loss Ratio (%), 2007–2011
Table 41: Luxembourg Non-Life Insurance – Loss Ratio (%), 2011–2016
Table 42: Luxembourg Non-Life Insurance – Combined Ratio (%), 2007–2011
Table 43: Luxembourg Non-Life Insurance – Combined Ratio (%), 2011–2016
Table 44: Luxembourg Non-Life Insurance – Total Assets (EUR Billion), 2007–2011
Table 45: Luxembourg Non-Life Insurance – Total Assets (EUR Billion), 2011–2016
Table 46: Luxembourg Non-Life Insurance – Total Investment Income (EUR Billion), 2007–2011
Table 47: Luxembourg Non-Life Insurance – Total Investment Income (EUR Billion), 2011–2016
Table 48: Luxembourg Non-Life Insurance – Retentions (EUR Billion), 2007–2011
Table 49: Luxembourg Non-Life Insurance – Retentions (EUR Billion), 2011–2016
Table 50: Luxembourg Property Insurance – Written Premium (EUR Billion), 2007–2011
Table 51: Luxembourg Property Insurance – Written Premium (EUR Billion), 2011–2016
Table 52: Luxembourg Motor Insurance – Written Premium (EUR Billion), 2007–2011
Table 53: Luxembourg Motor Insurance – Written Premium (EUR Billion), 2011–2016
Table 54: Luxembourg Liability Insurance – Written Premium (EUR Billion), 2007–2011
Table 55: Luxembourg Liability Insurance – Written Premium (EUR Billion), 2011–2016
Table 56: Luxembourg Marine, Aviation and Transit Insurance – Written Premium (EUR Billion), 2007–2011
Table 57: Luxembourg Marine, Aviation and Transit Insurance – Written Premium (EUR Billion), 2011–2016
Table 58: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (EUR Billion), 2007–2011
Table 59: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2007–2011
Table 60: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (EUR Billion), 2011–2016
Table 61: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (US$ Billion), 2011–2016
Table 62: Luxembourg Personal Accident and Health Insurance – Paid Claims (EUR Billion), 2007–2011
Table 63: Luxembourg Personal Accident and Health Insurance – Paid Claims (EUR Billion), 2011–2016
Table 64: Luxembourg Personal Accident and Health Insurance – Incurred Loss (EUR Billion), 2007–2011
Table 65: Luxembourg Personal Accident and Health Insurance – Incurred Loss (EUR Billion), 2011–2016
Table 66: Luxembourg Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Table 67: Luxembourg Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Table 68: Luxembourg Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Table 69: Luxembourg Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Table 70: Luxembourg Personal Accident and Health Insurance – Total Assets (EUR Billion), 2007–2011
Table 71: Luxembourg Personal Accident and Health Insurance – Total Assets (EUR Billion), 2011–2016
Table 72: Luxembourg Personal Accident and Health Insurance – Total Investment Income (EUR Billion), 2007–2011
Table 73: Luxembourg Personal Accident and Health Insurance – Total Investment Income (EUR Billion), 2011–2016
Table 74: Luxembourg Personal Accident and Health Insurance – Retentions (EUR Billion), 2007–2011
Table 75: Luxembourg Personal Accident and Health Insurance – Retentions (EUR Billion), 2011–2016
Table 76: Luxembourg Personal Accident Insurance – Written Premium (EUR Billion), 2007–2011
Table 77: Luxembourg Personal Accident Insurance – Written Premium (EUR Billion), 2011–2016
Table 78: Luxembourg Health Insurance – Written Premium (EUR Billion), 2007–2011
Table 79: Luxembourg Health Insurance – Written Premium (EUR Billion), 2011–2016
Table 80: Luxembourg Travel Insurance – Written Premium (EUR Billion), 2007–2011
Table 81: Luxembourg Travel Insurance – Written Premium (EUR Billion), 2011–2016
Table 82: Luxembourg Reinsurance Ceded by Insurance Market (EUR Billion), 2007–2011
Table 83: Luxembourg Reinsurance Ceded by Insurance Market (US$ Billion), 2007–2011
Table 84: Luxembourg Reinsurance Ceded by Insurance Market (EUR Billion), 2011–2016
Table 85: Luxembourg Reinsurance Ceded by Insurance Market (US$ Billion), 2011–2016
Table 86: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 87: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%),2011–2016
Table 88: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 89: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 90: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Table 91: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Table 92: Luxembourg Insurance Market Share, 2011
Table 99: Foyer SA, Main Products
Table 100: Foyer SA, Key Employees
Table 101: Swiss Life Insurance, Main Products
Table 102: Swiss Life Insurance, Key Employees
Table 103: Cardif Lux Vie SA, Main Products
Table 104: Cardif Lux Vie SA, Key Employees
Table 105: Axa Luxembourg, Main Products
Table 106: Axa Luxembourg, Key Employees
Table 107: AGF Benelux SA, Main Products
Table 108: AGF Benelux SA, Key Employees
Table 109: Dexia Insurance, Main Products
Table 110: Dexia Insurance, Key Employees
Table 105: Sogelife Insurance, Main Products
Table 105: P&V Insurance, Main Products
Table 106: P&V Insurance, Key Employees
Table 105: Chartis Europe SA, Main Products
Table 106: Chartis Europe SA, Key Employees
Table 105: DKV Luxembourg, Main Products
Table 106: DKV Luxembourg, Key Employees

List of Figures

Figure 1: Luxembourg Insurance – Overall Written Premium by Segment (EUR Billion), 2007–2016
Figure 2: Luxembourg Insurance – Market Dynamics by Segment, 2007–2016
Figure 3: Luxembourg Life Insurance – Written Premium by Category (EUR Billion), 2007–2016
Figure 4: Luxembourg Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 5: Luxembourg Life Insurance – Market Dynamics by Category, 2007–2016
Figure 6: Luxembourg Life Insurance – Paid Claims (EUR Billion), 2007–2011
Figure 7: Luxembourg Life Insurance – Paid Claims (EUR Billion), 2011–2016
Figure 8: Luxembourg Life Insurance – Incurred Loss (EUR Billion), 2007–2011
Figure 9: Luxembourg Life Insurance – Incurred Loss (EUR Billion), 2011–2016
Figure 10: Luxembourg Life Insurance – Loss Ratio (%), 2007–2011
Figure 11: Luxembourg Life Insurance – Loss Ratio (%), 2011–2016
Figure 12: Luxembourg Life Insurance – Combined Ratio (%), 2007–2011
Figure 13: Luxembourg Life Insurance – Combined Ratio (%), 2011–2016
Figure 14: Luxembourg Life Insurance – Total Assets (EUR Billion), 2007–2011
Figure 15: Luxembourg Life Insurance – Total Assets (EUR Billion), 2011–2016
Figure 16: Luxembourg Life Insurance – Total Investment Income (EUR Billion), 2007–2011
Figure 17: Luxembourg Life Insurance – Total Investment Income (EUR Billion), 2011–2016
Figure 18: Luxembourg Life Insurance – Retentions (EUR Billion), 2007–2011
Figure 19: Luxembourg Life Insurance – Retentions (EUR Billion), 2011–2016
Figure 20: Luxembourg Life Insurance – Investment (EUR Billion), 2007–2011
Figure 21: Luxembourg Individual Life Insurance – Written Premium (EUR Billion), 2007–2011
Figure 22: Luxembourg Individual Life Insurance – Written Premium (EUR Billion), 2011–2016
Figure 23: Luxembourg Other Individual Insurance – Written Premium (EUR Billion), 2007–2011
Figure 24: Luxembourg Other Individual Insurance – Written Premium (EUR Billion), 2011–2016
Figure 25: Luxembourg Group Life Insurance – Written Premium (EUR Billion), 2007–2011
Figure 26: Luxembourg Others Insurance – Written Premium (EUR Billion), 2011–2016
Figure 27: Luxembourg Non-Life Insurance – Written Premium by Category (EUR Billion), 2007–2016
Figure 28: Luxembourg Non-Life Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 29: Luxembourg Non-Life Insurance – Market Dynamics by Category, 2007–2016
Figure 30: Luxembourg Non-Life Insurance – Paid Claims by Category (EUR Billion), 2007–2011
Figure 31: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion), 2011–2016
Figure 32: Luxembourg Non-Life Insurance – Incurred Loss (EUR Billion), 2007–2011
Figure 33: Luxembourg Non-Life Insurance – Incurred Loss by Category (EUR Billion),2007–2016
Figure 34: Luxembourg Non-Life Insurance – Loss Ratio (%), 2007–2011
Figure 35: Luxembourg Non-Life Insurance – Loss Ratio (%), 2011–2016
Figure 36: Luxembourg Non-Life Insurance – Combined Ratio (%), 2007–2011
Figure 37: Luxembourg Non-Life Insurance – Combined Ratio (%), 2011–2016
Figure 38: Luxembourg Non-Life Insurance – Total Assets (EUR Billion), 2007–2011
Figure 39: Luxembourg Non-Life Insurance – Total Assets (EUR Billion), 2011–2016
Figure 40: Luxembourg Non-Life Insurance – Total Investment Income (EUR Billion), 2007–2011
Figure 41: Luxembourg Non-Life Insurance – Total Investment Income (EUR Billion), 2011–2016
Figure 42: Luxembourg Non-Life Insurance – Retentions (EUR Billion), 2007–2011
Figure 43: Luxembourg Non-Life Insurance – Retentions (US$ Billion), 2011–2016
Figure 44: Luxembourg Non-Life Insurance – Investment (EUR Billion), 2007–2011
Figure 45: Luxembourg Non-Life Insurance – Penetration (% of GDP), 2007–2011
Figure 46: Luxembourg Non-Life Insurance – Premium Per Capita (EUR), 2007–2011
Figure 47: Luxembourg Property Insurance – Written Premium (EUR Billion), 2007–2011
Figure 48: Luxembourg Property Insurance – Written Premium (EUR Billion), 2011–2016
Figure 49: Luxembourg Motor Insurance – Written Premium (EUR Billion), 2007–2011
Figure 50: Luxembourg Motor Insurance – Written Premium (EUR Billion), 2011–2016
Figure 51: Luxembourg Liability Insurance – Written Premium (EUR Billion), 2007–2011
Figure 52: Luxembourg Liability Insurance – Written Premium (EUR Billion), 2011–2016
Figure 53: Luxembourg Marine, Aviation and Transit Insurance – Written Premium (EUR Billion), 2007–2011
Figure 54: Luxembourg Marine, Aviation and Transit Insurance – Written Premium (EUR Billion), 2011–2016
Figure 55: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (EUR Billion), 2007–2016
Figure 56: Luxembourg Personal Accident and Health Insurance – Written Premium by Category (% Share), 2011 and 2016
Figure 57: Luxembourg Personal Accident and Health Insurance – Market Dynamics by Category, 2007–2016
Figure 58: Luxembourg Personal Accident and Health Insurance – Paid Claims by Category (EUR Billion), 2007–2011
Figure 59: Luxembourg Personal Accident and Health Insurance – Paid Claims (EUR Billion), 2011–2016
Figure 60: Luxembourg Personal Accident and Health Insurance – Incurred Loss (EUR Billion), 2007–2011
Figure 61: Luxembourg Personal Accident and Health Insurance – Incurred Loss by Category (EUR Billion), 2007–2016
Figure 62: Luxembourg Personal Accident and Health Insurance – Loss Ratio (%), 2007–2011
Figure 63: Luxembourg Personal Accident and Health Insurance – Loss Ratio (%), 2011–2016
Figure 64: Luxembourg Personal Accident and Health Insurance – Combined Ratio (%), 2007–2011
Figure 65: Luxembourg Personal Accident and Health Insurance – Combined Ratio (%), 2011–2016
Figure 66: Luxembourg Personal Accident and Health Insurance – Total Assets (EUR Billion), 2007–2011
Figure 67: Luxembourg Personal Accident and Health Insurance – Total Assets (EUR Billion), 2011–2016
Figure 68: Luxembourg Personal Accident and Health Insurance – Total Investment Income (EUR Billion), 2007–2011
Figure 69: Luxembourg Personal Accident and Health Insurance – Total Investment Income (EUR Billion), 2011–2016
Figure 70: Luxembourg Personal Accident and Health Insurance – Retentions (EUR Billion), 2007–2011
Figure 71: Luxembourg Personal Accident and Health Insurance – Retentions (US$ Billion), 2011–2016
Figure 72: Luxembourg Personal Accident and Health Insurance – Investment (EUR Billion), 2007–2011
Figure 73: Luxembourg Personal Accident and Health Insurance – Penetration (% of GDP), 2007–2011
Figure 74: Luxembourg Personal Accident and Health Insurance – Premium Per Capita (EUR), 2007–2011
Figure 75: Luxembourg Personal Accident Insurance – Written Premium (EUR Billion), 2007–2011
Figure 76: Luxembourg Personal Accident Insurance – Written Premium (EUR Billion), 2011–2016
Figure 77: Luxembourg Health Insurance – Written Premium (EUR Billion), 2007–2011
Figure 78: Luxembourg Health Insurance – Written Premium (EUR Billion), 2011–2016
Figure 79: Luxembourg Travel Insurance – Written Premium (EUR Billion), 2007–2011
Figure 80: Luxembourg Travel Insurance – Written Premium (EUR Billion), 2011–2016
Figure 81: Luxembourg Reinsurance Ceded by Insurance Market (EUR Billion), 2007–2016
Figure 82: Luxembourg Reinsurance Market Dynamics by Insurance Market, 2007–2016
Figure 83: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 84: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 85: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 86: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 87: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2007–2011
Figure 88: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2011–2016
Figure 89: Luxembourg Insurance Market Share, 2011
Figure 90: Luxembourg GDP at Constant Prices (US$ Billion), 2007–2011
Figure 91: Luxembourg GDP Per Capita at Constant Prices (US$), 2007–2011
Figure 92: Luxembourg GDP at Current Prices (US$ Billion), 2007–2011
Figure 93: Luxembourg Construction Net Output at Current Prices (US$ Billion), 2007–2011
Figure 94: Luxembourg Construction Output at Current Prices as a Percentage of GDP (%), 2007–2011
Figure 95: Luxembourg Arable Land ( ‘000 hectares), 2007–2011
Figure 96: Luxembourg Exports as a Percentage of GDP (%), 2007–2011
Figure 97: Luxembourg Number of Air Passengers (Million), 2007–2011
Figure 98: Luxembourg Healthcare Expenditure Per Capita (US$), 2007–2011
Figure 99: Luxembourg Employed Population (%), 2007–2011
Figure 100: Luxembourg Annual Disposable Income (US$ Billion), 2007–2011
Figure 101: Luxembourg Annual Disposable Income Per Capita (US$), 2007–2011
Figure 102: Luxembourg Total Population (Million), 2007–2011

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

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