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Luxembourg Insurance Industry Outlook 2022 - 2026

See how Luxembourg Insurance performed compared to key markets such as the United States, the United Kingdom and Japan.

Key Market Indicators

The country was number 20 in 2021, Mexico overtook at €624.25 Million. The United Kingdom, Japan and Germany respectively came in numbers 2, 3 and 4 in this ranking. Gross Written Premium in Luxembourg is predicted to reach $28 billion by 2026, up from $24.5 billion in 2021. This marks a 1.4% year-on-year growth rate. Since 1999, Luxembourg's insurance supply has increased 3.8% year-on-year. In 2021, Mexico overtook Luxembourg, placing it in 21st place. The United Kingdom, Japan and Germany were ranked 2nd, 3rd and 4th respectively. Insurance Spending in Luxembourg is expected to reach €745.49 million by 2026, up from €624.25 million in 2021. This marks a 2.4% year-on-year growth rate. Since 2000, Luxembourg's insurance demand has grown 4.8% year-on-year. In 2021, Mexico once again overtook Luxembourg, placing it in 20th place. The United Kingdom, Japan and Germany were ranked 2nd, 3rd and 4th respectively.

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Luxembourg Insurance Market Data and Forecasts