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Life Insurance in Luxembourg, Key Trends and Opportunities to 2019

  • Key Facts and Highlights
    • Table Luxembourg Life Insurance - Key Facts, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Luxembourg Government Credit Ratings
  • Life Insurance Outlook
    • Key Drivers
    • Key Trends
    • Challenges
    • Life Insurance Growth Prospects by Category
      • Table Luxembourg Life Insurance - New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - Paid Claims (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Paid Claims (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - Incurred Loss (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Incurred Loss (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - Number of Policies per Capita, 2010-2014
      • Table Luxembourg Life Insurance - Number of Policies per Capita, 2014-2019
      • Table Luxembourg Life Insurance - Commissions and Expenses (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Commissions and Expenses (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2010-2014
      • Table Luxembourg Life Insurance - Net Written Premium as a Percentage of Gross Written Premium (%), 2014-2019
      • Table Luxembourg Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Renewal Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - Total Assets (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Total Assets (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Net Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Net Written Premium (EUR Billion), 2014-2019
    • Individual Life Insurance
      • Table Luxembourg Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2010-2014
      • Table Luxembourg Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2010-2014
      • Table Luxembourg Individual Life Insurance - Direct Written Premium by Category (EUR Billion), 2014-2019
      • Table Luxembourg Individual Life Insurance - Direct Written Premium by Category (US$ Billion), 2014-2019
      • Individual whole life insurance
        • Table Luxembourg Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Luxembourg Individual Whole Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
      • Other individual life insurance
        • Table Luxembourg Other Individual Life Insurance - Direct Written Premium (EUR Billion), 2010-2014
        • Table Luxembourg Other Individual Life Insurance - Direct Written Premium (EUR Billion), 2014-2019
    • Group Life Insurance
      • Table Luxembourg Group Life Insurance - Direct Written Premium (EUR Million), 2010-2014
      • Table Luxembourg Group Life Insurance - Direct Written Premium (EUR Million), 2014-2019
  • Analysis by Distribution Channel
    • Direct Marketing
      • Table Luxembourg Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Direct Marketing Value of Commissions (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Direct Marketing New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2010-2014
      • Table Luxembourg Life Insurance - New Policies Sold Through Direct Marketing (Thousand), 2014-2019
      • Table Luxembourg Life Insurance - Sales Force, 2010-2014
      • Table Luxembourg Life Insurance - Sales Force, 2014-2019
    • Bancassurance
      • Table Luxembourg Life Insurance - Bancassurance Value of Commissions (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Bancassurance Value of Commissions (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Bancassurance New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Bancassurance New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2010-2014
      • Table Luxembourg Life Insurance - New Policies Sold Through Bancassurance (Thousand), 2014-2019
      • Table Luxembourg Life Insurance - Number of Banking Entities, 2010-2014
      • Table Luxembourg Life Insurance - Number of Banking Entities, 2014-2019
    • Agencies
      • Table Luxembourg Life Insurance - Agencies' Value of Commissions (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Agencies' Value of Commissions (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Agencies' New Business Direct Written Premium (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Agencies' New Business Direct Written Premium (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - New Policies Sold Through Agencies (Thousand), 2010-2014
      • Table Luxembourg Life Insurance - New Policies Sold Through Agencies (Thousand), 2014-2019
      • Table Luxembourg Life Insurance - Number of Insurance Agents, 2010-2014
      • Table Luxembourg Life Insurance - Number of Insurance Agents, 2014-2019
    • Brokers
      • Table Luxembourg Life Insurance - Brokers' Value of Commissions (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Brokers' Value of Commissions (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Brokers' New Business Direct Written Premium (EUR Billion), 2010-2014
      • Table Luxembourg Life Insurance - Brokers' New Business Direct Written Premium (EUR Billion), 2014-2019
      • Table Luxembourg Life Insurance - New Policies Sold Through Brokers (Thousand), 2010-2014
      • Table Luxembourg Life Insurance - New Policies Sold Through Brokers (Thousand), 2014-2019
      • Table Luxembourg Life Insurance - Number of Insurance Brokers, 2010-2014
      • Table Luxembourg Life Insurance - Number of Insurance Brokers, 2014-2019
    • Other Channels
      • Table Luxembourg Life Insurance - Other Channels' Value of Commissions (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Other Channels' Value of Commissions (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - Other Channels' New Business Direct Written Premium (EUR Million), 2010-2014
      • Table Luxembourg Life Insurance - Other Channels' New Business Direct Written Premium (EUR Million), 2014-2019
      • Table Luxembourg Life Insurance - New Policies Sold Through Other Channels (Thousand), 2010-2014
      • Table Luxembourg Life Insurance - New Policies Sold Through Other Channels (Thousand), 2014-2019
  • Competitive Landscape and Strategic Insights
    • Overview
    • Leading Companies in the Luxembourg Life Insurance Segment
      • Table Luxembourg Life Insurance - Segment Shares (%), 2014
      • Cardif Lux Vie - company overview
        • Table Cardif Lux Vie, Key Facts
        • Table Cardif Lux Vie, Key Financials (EUR Billion), 2010-2014
      • Lombard International Assurance - company overview
        • Table Lombard International Assurance, Key Facts
        • Table Lombard International Assurance, Key Financials (EUR Billion), 2010-2014
      • La Mondiale Europartner - company overview
        • Table La Mondiale Europartner, Key Facts
        • Table La Mondiale Europartner, Key Financials (EUR Billion), 2010-2014
      • Sogelife - company overview
        • Table Sogelife, Key Facts
        • Table Sogelife, Key Financials (EUR Billion), 2010-2014
      • Swiss Life (Luxembourg) - company overview
        • Table Swiss Life (Luxembourg), Key Facts
        • Table Swiss Life (Luxembourg), Key Financials (EUR Billion), 2010-2014
      • CALI Europe - company overview
        • Table CALI Europe, Key Facts
        • Table CALI Europe, Key Financials (EUR Billion), 2010-2014
      • Natixis Life SA - company overview
        • Table Natixis Life SA, Key Facts
        • Table Natixis Life SA, Key Financials (EUR Billion), 2010-2014
      • Allianz Life Luxembourg - company overview
        • Table Allianz Life Luxembourg, Key Facts
        • Table Allianz Life Luxembourg Key Financials (EUR Billion), 2010-2014
      • R+V Luxembourg - company overview
        • Table R+V Luxembourg, Key Facts
        • Table R+V Luxembourg, Key Financials (EUR Million), 2010-2014
      • Baloise Vie Luxembourg - company overview
        • Table Baloise Vie Luxembourg, Key Facts
        • Table Baloise Vie Luxembourg, Key Financials (EUR Million), 2010-2014
  • Governance, Risk and Compliance
    • Table Luxembourg - Insurance Regulatory Framework Key Features
    • Legislation Overview and Historical Evolution
    • Latest Changes in Regulations
    • Legislation and Market Practice by Type of Insurance
      • Life insurance
        • Table Luxembourg - Life Insurance Regulatory Framework
      • Property insurance
        • Table Luxembourg - Property Insurance Regulatory Framework
      • Motor insurance
        • Table Luxembourg - Motor Insurance Regulatory Framework
      • Liability insurance
        • Table Luxembourg - Liability Insurance Regulatory Framework
      • Marine, aviation and transit insurance
      • Personal accident and health insurance
    • Compulsory Insurance
      • Motor third-party liability insurance (MTPL)
      • Social insurance system
      • Air carriers and aircraft operators liability insurance
        • Table Luxembourg - Minimum Cover for Aircraft Third-Party Liability Per Accident Per Aircraft
      • Marine insurance
      • Professional indemnity insurance for alternative investment fund managers
    • Supervision and Control
      • International Association of Insurance Supervisors (IAIS)
      • European Insurance and Occupational Pensions Authority (EIOPA)
      • Insurance Commission (Commissariat aux Assurance)
      • Federation of European Risk Management Associations (FERMA)
      • Association of Insurance Companies and Reinsurance (ACA)
    • Non-Admitted Insurance Regulations
      • Overview
      • Intermediaries
      • Market practices
      • Fines and penalties
    • Company Registration and Operations
      • Types of insurance organization
      • Establishing a local company
      • Foreign ownership
      • Types of license
      • Capital requirements
      • Solvency margins
      • Reserve requirements
      • Investment regulations
      • Statutory return requirements
      • Fee structure
    • Taxation
      • Insurance premium or policy taxation
        • Table Luxembourg - Insurance Premium Taxation
      • Withholding taxes on premium paid overseas
      • Corporate tax
        • Table Luxembourg - Corporate Tax Rate for the Financial Year 2015
      • VAT
      • Captives
    • Legal System
      • Introduction
      • Access to court
      • Alternative dispute resolution (ADR)
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • Appendix
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Life Insurance in Luxembourg, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Life Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers and challenges in the Luxembourg life insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, total assets, total investment income and retentions during the review period (2010–2014) and forecast period (2014–2019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Luxembourg economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetric’s research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

Timetric’s 'Life Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Luxembourg life insurance segment, including:

  • The Luxembourg life insurance segment’s growth prospects by category
  • The key trends, drivers and challenges for the life insurance segment
  • A comprehensive overview of Luxembourg's economy and demographics
  • The various distribution channels in the Luxembourg life insurance segment
  • Details of the competitive landscape in the life insurance segment in Luxembourg
  • Details of regulatory policies applicable to the Luxembourg insurance industry
Scope

This report provides a comprehensive analysis of the life insurance segment in Luxembourg:
  • It provides historical values for the Luxembourg life insurance segment for the report’s 2010–2014 review period, and projected figures for the 2014–2019 forecast period.
  • It offers a detailed analysis of the key categories in the Luxembourg life insurance segment, and market forecasts to 2019.
  • It analyzes the various distribution channels for life insurance products in Luxembourg.
  • It profiles the top life insurance companies in Luxembourg and outlines the key regulations affecting them.
Reasons To Buy
  • Make strategic business decisions using in-depth historic and forecast market data related to the Luxembourg life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Luxembourg life insurance segment.
  • Assess the competitive dynamics in the life insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Luxembourg insurance industry, and their impact on companies and the industry's future.
Key Highlights
  • Life insurance led Luxembourg’s insurance industry, accounting for 88.2% of the gross written premium in 2014.
  • The segment’s growth was driven by high incomes, a supportive regulatory framework and favorable demographic conditions.
  • Luxembourg an attractive destination for cross-border life insurance and it acts as a center for global insurers to launch new policies under the EU’s freedom of services provision.
  • The developed financial sector and investor-friendly taxation system makes Luxembourg an attractive destination for cross-border life insurance and it acts as a center for global insurers to launch new policies under the EU’s freedom of services provision.
  • Rising unemployment and low interest rates create challenges for the life segment.


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