Luxembourg Insurance Report Q4 2017
BMI View: This quarter, we retain our positive view of the prospects for Luxembourg's insurance sector. The Grand Duchy is a key base for insurers that are offering pan-European protection and savings solutions. Luxembourg's extremely strong regulatory environment, international outlook and large pool of skilled, multi-lingual, financial services workers give it a competitive edge. In the non-life segment, credit & financial guarantee insurance and transport insurance should drive growth. Like life insurance, these sub- sectors should benefit from the general expansion of trade and business across the EU. The risks to our forecasts are to the upside, given the favourable performance of EU economies through 2017 and 2018. Brexit - which could result in international companies relocating from London to Luxembourg, can be considered as a positive wildcard.
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