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Luxembourg Insurance Report Q2 2015

BMI View We expect that the life market will continue to dominate Luxembourg's insurance sector, withnon-life premiums accounting for less than 13% of the whole market. Moreover, owing to a combination offactors, including declining vehicle fleets and a stagnant property market, we anticipate that the lifesegment will see continued growth in its market share, reaching 88% by 2019. This leaves life insurers asthe front runners, while non-life groups face escalating competition and dwindling revenues. Over thelonger term, we expect to see significant consolidation in the Luxembourg insurance sector, with a numberof smaller non-life groups losing out to international conglomerates that will benefit from economies ofscale and can undercut their smaller contemporaries.

Luxembourg's business environment will continue to profit from a number of factors that have enabled theGrand Duchy to become a European services hub. Extensive financial infrastructure has developed tosupport the financial services industry. For example, Luxembourg has succeeded in attracting Asian firmsand banks, which have established their European headquarters in the country. These factors are drivingeconomic growth in the country, and this in turn is supporting private consumption levels and boostinghousehold incomes.

BMI Industry View
Industry Forecast
Total Premiums Forecast
Total Premiums
Table: Total Gross Premiums Written (Luxembourg 2012-2019)
Reinsurance Premiums
Table: Total Reinsurance Premiums Written (Luxembourg 2012-2019)
Total Claims
Table: Total Insurance Claims (Luxembourg 2007-2013)
Insurers' Assets
Table: Total Insurance Assets (Luxembourg 2007-2014)
Life Premiums Forecast
Life Premiums
Table: Gross Life Premiums Written (Luxembourg 2012-2019)
Life Claims
Table: Life Insurance Claims (Luxembourg 2007-2013)
Life Insurers' Assets
Table: Assets (Luxembourg 2007-2014)
Life Insurance Drivers
Table: Insurance Key Drivers, Disease Adjusted Life Years (Luxembourg 2012-2019)
Table: Insurance Key Drivers, Private Health Expenditure (Luxembourg 2012-2019)
Non-Life Premiums Forecast
Table: Gross Non-Life Premiums Written (Luxembourg 2012-2019)
Non-Life Claims
Table: Non-Life Insurance Claims (Luxembourg 2007-2013)
Table: Non-Life Insurance Claims by Line (Luxembourg 2009-2013)
Non-Life Insurers' Assets
Table: Assets (Luxembourg 2007-2014)
Non-Life Sub-Sector Forecast
Table: Non-Life % Breakdown (Luxembourg 2012-2019)
Motor and Transport Insurance
Table: Motor Vehicle Insurance (Luxembourg 2012-2019)
Table: Transport Insurance (Luxembourg 2012-2019)
Property Insurance
Table: Property Insurance (Luxembourg 2012-2019)
Health and Personal Accident Insurance
Table: Health Insurance (Luxembourg 2012-2019)
Table: Personal Accident Insurance (Luxembourg 2012-2019)
Credit and General Liability Insurance
Table: Credit/Financial Guarantee Insurance (Luxembourg 2012-2019)
Table: General Liability Insurance (Luxembourg 2012-2019)
Industry Risk Reward Ratings
Developed States Insurance Risk/Reward Index Q2 2015
Table: Developed States Insurance Risk/Reward Index - Q2 2015
Market Overview
Life Market Overview
Non-Life Market Overview
Company Profile
Cardif Lux Vie
Foyer SA
La Luxembourgeoise (Lalux)
La Mondiale Europartner
Lombard International Assurance
Demographic Forecast
Table: Population Headline Indicators (Luxembourg 1990-2025)
Table: Key Population Ratios (Luxembourg 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Luxembourg 1990-2025)
Table: Population By Age Group (Luxembourg 1990-2025)
Table: Population By Age Group % (Luxembourg 1990-2025)
Industry Forecast Methodology
Risk/Reward Index Methodology
Table: Indicators
Table: Weighting of Indicators

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