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  4. > Luxembourg Insurance Report Q4 2016

Luxembourg Insurance Report Q4 2016

  • November 2016
  • -
  • Business Monitor International
  • -
  • 53 pages

Includes 3 FREE quarterly updates


BMI View:

We have not made significant forecast revisions in this quarterly update. We maintain a positive outlook for the Luxembourg insurance market over the course of our forecast period to 2020. Nevertheless, we note ongoing currency movements continue to impact on the short-term growth forecasts for both the life and non-life sectors. Luxembourg's position as a regional and global financial hub is reflected in its extremely well-developed life insurance sector and by the popularity of transport and credit/financial guarantee lines in the non-life sector. Although comparatively small, the domestic insurance market will continue to grow, supported by high average income levels and the diversity of products available in the market. Some risk does stem from exposure to weakness in the eurozone, which could detail our currently positive growth forecasts.

Key Updates And Forecasts


- Our Country Risk team continues to forecast steady, albeit moderate, economic growth in Luxembourg. High income levels, along with low inflation, will support private financial consumption growth in the coming years, indicating growing demand for a range of life and non-life insurance products in the domestic market.

Table Of Contents

Luxembourg Insurance Report Q4 2016
BMI Industry View 5
Table: Headline Insurance Forecasts (Luxembourg 2013-2020) 5
SWOT 6
Insurance 6
Industry Forecast 7
Life Premiums Forecast 7
Table: Life Premiums (Luxembourg 2013-2020) 10
Table: Life Insurance Claims (Luxembourg 2008-2013) 11
Non-Life Premiums Forecast 12
Table: Non-Life Premiums (Luxembourg 2013-2020) 15
Table: Non-Life Insurance Claims (Luxembourg 2009-2013) 17
Non-Life Sub-Sector Forecast 18
Table: Non-Life Insurance Premiums by Product Line (Luxembourg 2013-2020) 27
Insurance Risk/Reward Index 28
Table: Developed States Insurance Risk/Reward Index - Q416 29
Market Overview 30
Life Market Overview 30
Product Offering 30
Competitive Landscape 30
Non-Life Market Overview 33
Product Offering 33
Competitive Landscape 33
Company Profile 35
Cardif Lux Vie 35
Foyer SA 38
La Luxembourgeoise (Lalux) 40
La Mondiale Europartner 42
Lombard International Assurance 44
Methodology 47
Industry Forecast Methodology 47
Sector-Specific Methodology 48
Risk/Reward Index Methodology 50
Table: Indicators 52
Table: Weighting of Indicators 53

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