Market Research Logo

Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019

Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019

Synopsis

Timetric’s 'Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides a detailed outlook by product category for the Luxembourg non-life insurance segment, and a comparison of the Luxembourg insurance industry with its regional counterparts.

It provides values for key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, 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, explains the various types of natural hazard and their impact on the Luxembourg insurance industry, 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 'Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Luxembourg non-life insurance segment, including:

  • The Luxembourg non-life insurance segment’s outlook by product category
  • A comprehensive overview of Luxembourg's economy and demographics
  • A comparison of the Luxembourg insurance industry with its regional counterparts
  • A detailed analysis of natural hazards and their impact on the Luxembourg insurance industry
  • Details of the competitive landscape in the non-life insurance segment in Luxembourg
  • Details of regulatory policies applicable to Luxembourg insurance industry
Scope

This report provides a comprehensive analysis of the non-life insurance segment in Luxembourg:
  • It provides historical values for the Luxembourg non-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 non-life insurance segment, and market forecasts to 2019.
  • It analyzes the various distribution channels for non-life insurance products in Luxembourg.
  • It profiles the top non-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 non-life insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Luxembourg non-life insurance segment.
  • Assess the competitive dynamics in the non-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
  • Property insurance is expected to remain the largest category over the forecast period.
  • Traffic accidents are a leading cause of death in the country, primarily as a result of unsafe driving practices, poor road conditions, and ineffective traffic rules.
  • The motor hull sub-category accounted for 60.1% of the category’s gross written premium in 2014, while motor third-party liability accounted for the remaining 39.9%.
  • Strong air traffic business has encouraged aviation insurance in Luxembourg, supporting growth in aviation insurers.
  • In 2014, professional indemnity insurance for alternative investment fund managers was made compulsory in all EU countries.


  • Key Facts and Highlights
    • Table Luxembourg Non-Life Insurance - Key Facts, 2014
    • Table Luxembourg Non-Life Insurance - Segment Shares of the Top Insurers, 2014
  • Executive Summary
  • Economy and Demographics
    • Table Luxembourg Government Credit Ratings
  • Segment Outlook
    • Regional Comparison
    • Segment Indicators
      • Gross written premium and penetration
        • Table Luxembourg Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2010-2014
        • Table Luxembourg Non-Life Insurance - Penetration (%), 2010-2014
        • Table Luxembourg Non-Life Insurance - Gross Written Premium (EUR Billion and US$ Billion), 2014-2019
        • Table Luxembourg Non-Life Insurance - Penetration (%), 2014-2019
        • Table Luxembourg Non-Life Insurance - Premium per Capita (EUR and US$), 2010-2014
        • Table Luxembourg Non-Life Insurance - Premium per Capita (EUR and US$), 2014-2019
      • Claims
        • Table Luxembourg Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Luxembourg Non-Life Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Luxembourg Non-Life Insurance - Profitability Ratio (%), 2010-2014
        • Table Luxembourg Non-Life Insurance - Profitability Ratio (%), 2014-2019
      • Assets and investments
        • Table Luxembourg Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2010-2014
        • Table Luxembourg Non-Life Insurance - Total Assets (EUR Billion and US$ Billion), 2014-2019
        • Table Luxembourg Non-Life Insurance - Investment Portfolio (EUR Billion), 2010-2014
        • Table Luxembourg Non-Life Insurance - Investment Portfolio (EUR Billion), 2014-2019
  • Outlook by Category
    • Table Luxembourg Non-Life Insurance - Gross Written Premium by Category (EUR Billion), 2010-2014
    • Table Luxembourg Non-Life Insurance - Gross Written Premium by Category (EUR Billion), 2014-2019
    • Property Insurance
      • Product overview
      • Premium
        • Table Luxembourg Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2010-2014
        • Table Luxembourg Property Insurance - Gross Written Premium by Sub-Category (EUR Million), 2014-2019
      • Claims
        • Table Luxembourg Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2010-2014
        • Table Luxembourg Property Insurance - Paid Claims (EUR Billion and US$ Billion), 2014-2019
      • Profitability
        • Table Luxembourg Property Insurance - Loss Ratio (%), 2010-2014
        • Table Luxembourg Property Insurance - Loss Ratio (%), 2014-2019
    • Motor Insurance
      • Product overview
      • Premium
        • Table Luxembourg Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2010-2014
        • Table Luxembourg Motor Insurance - Gross Written Premium by Sub-Category (EUR Million), 2014-2019
      • Claims
        • Table Luxembourg Motor Insurance - Paid Claims (EUR Million and US$ Million), 2010-2014
        • Table Luxembourg Motor Insurance - Paid Claims (EUR Million and US$ Million), 2014-2019
      • Profitability
        • Table Luxembourg Motor Insurance - Loss Ratio (%), 2010-2014
        • Table Luxembourg Motor Insurance - Loss Ratio (%), 2014-2019
    • Liability Insurance
      • Product overview
      • Premium
        • Table Luxembourg Liability Insurance - Gross Written Premium (EUR Million), 2010-2014
        • Table Luxembourg Liability Insurance - Gross Written Premium (EUR Million), 2014-2019
      • Claims
        • Table Luxembourg Liability Insurance - Paid Claims (EUR Million and US$ Million), 2010-2014
        • Table Luxembourg Liability Insurance - Paid Claims (EUR Million and US$ Million), 2014-2019
      • Profitability
        • Table Luxembourg Liability Insurance - Loss Ratio (%), 2010-2014
        • Table Luxembourg Liability Insurance - Loss Ratio (%), 2014-2019
    • Marine, Aviation and Transit Insurance
      • Product overview
      • Premium
        • Table Luxembourg Marine, Aviation and Transit Insurance - Gross Written Premium (EUR Billion), 2010-2014
        • Table Luxembourg Marine, Aviation and Transit Insurance - Gross Written Premium (EUR Billion), 2014-2019
      • Claims
        • Table Luxembourg Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2010-2014
        • Table Luxembourg Marine, Aviation and Transit Insurance - Paid Claims (EUR Million and US$ Million), 2014-2019
      • Profitability
        • Table Luxembourg Marine, Aviation and Transit Insurance - Loss Ratio (%), 2010-2014
        • Table Luxembourg Marine, Aviation and Transit Insurance - Loss Ratio (%), 2014-2019
  • Distribution Channel Outlook
    • Analysis by Distribution Channel
      • Table Luxembourg Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2010-2014
      • Table Luxembourg Non-Life Insurance - Direct Written Premium by Distribution Channel (EUR Billion), 2014-2019
      • Table Luxembourg Non-Life Insurance - Direct Written Premium by Distribution Channel (%), 2010-2019
      • Insurance brokers
      • Agencies
      • Direct marketing
      • Bancassurance
      • Other channels
  • Natural Hazards
    • Table Luxembourg Average Annual Loss by Hazard
    • Storms
    • Extreme Temperatures
    • Floods
    • Exposure
  • Competitive Landscape
    • Overview
    • Leading Companies in the Luxembourg Non-Life Insurance Segment
      • Table Luxembourg Non-Life Insurance - Segment Shares (%), 2014
      • Swiss Re International - company overview
        • Table Swiss Re International - Key Facts
        • Table Swiss Re International - Key Financials (EUR Million), 2010-2014
      • Foyer Assurances - company overview
        • Table Foyer Assurances - Key Facts
        • Table Foyer Assurances - Key Financials (EUR Million), 2010-2014
      • La Luxembourgeoise - company overview
        • Table La Luxembourgeoise - Key Facts
        • Table La Luxembourgeoise - Key Financials (EUR Million), 2010-2014
      • The Ship-Owners Mutual Protection and Indemnity Association - company overview
        • Table The Ship-Owners Mutual Protection and Indemnity Association - Key Facts
        • Table The Ship-Owners Mutual Protection and Indemnity Association - Key Financials (EUR Million), 2010-2014
      • The West of England Ship Owners Mutual Insurance Association - company overview
        • Table The West of England Ship Owners Mutual Insurance Association - Key Facts
        • Table The West of England Ship Owners Mutual Insurance Association - 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)
  • Databook
    • Policies and Premium
      • Table Luxembourg Insurance Industry - Policies and Premium, 2010-2014
      • Table Luxembourg Insurance Industry - Policies and Premium, 2014-2019
    • Claims and Expenses
      • Table Luxembourg Non-Life Insurance - Claims and Expenses, 2010-2014
      • Table Luxembourg Non-Life Insurance - Claims and Expenses, 2014-2019
    • Assets and Investments
      • Table Luxembourg Non-Life Insurance - Assets and Investments, 2010-2014
      • Table Luxembourg Non-Life Insurance - Assets and Investments, 2014-2019
    • Direct Marketing and E-Commerce
      • Table Luxembourg Non-Life Insurance - Direct Marketing, 2010-2014
      • Table Luxembourg Non-Life Insurance - Direct Marketing, 2014-2019
    • Insurance Brokers and Agencies
      • Table Luxembourg Non-Life Insurance - Insurance Brokers and Agencies, 2010-2014
      • Table Luxembourg Non-Life Insurance - Insurance Brokers and Agencies, 2014-2019
    • Bancassurance and Other Distribution Channels
      • Table Luxembourg Non-Life Insurance - Bancassurance and Other Distribution Channels, 2010-2014
      • Table Luxembourg Non-Life Insurance - Bancassurance and Other Distribution Channels, 2014-2019
    • Property Insurance
      • Table Luxembourg Non-Life Insurance - Property Insurance, 2010-2014
      • Table Luxembourg Non-Life Insurance - Property Insurance, 2014-2019
    • Property Insurance by Product
      • Table Luxembourg Non-Life Insurance - Property Insurance by Product, 2010-2014
      • Table Luxembourg Non-Life Insurance - Property Insurance by Product, 2014-2019
    • Motor Insurance
      • Table Luxembourg Non-Life Insurance - Motor Insurance, 2010-2014
      • Table Luxembourg Non-Life Insurance - Motor Insurance, 2014-2019
    • Motor Insurance by Product
      • Table Luxembourg Non-Life Insurance - Motor Insurance by Product, 2010-2014
      • Table Luxembourg Non-Life Insurance - Motor Insurance by Product, 2014-2019
    • Liability Insurance
      • Table Luxembourg Non-Life Insurance - Liability Insurance, 2010-2014
      • Table Luxembourg Non-Life Insurance - Liability Insurance, 2014-2019
    • Marine, Aviation and Transit Insurance
      • Table Luxembourg Non-Life Insurance - Marine, Aviation and Transit Insurance, 2010-2014
      • Table Luxembourg Non-Life Insurance - Marine, Aviation and Transit Insurance, 2014-2019
  • Definitions and Methodology
    • Definitions
      • Table Insurance Industry Definitions
    • Methodology
  • About Timetric
    • Contact Timetric
    • About Timetric
    • Timetric's Services
    • Disclaimer

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook

Share this report