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

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

$1450
Buy Report View Sample

Published: April 12, 2016 Report Code: GD-IS1188MR-ST

Select Item

By how much has the non-life insurance gross written premium in Luxembourg grown during the review period (2010 to 2014)? How is the segment expected to perform in the forecast period up to 2019?

The segment comprises both domestic and foreign insurers, and is supervised by the Commissioner of Insurance. Most insurers operating in Luxembourg are local subsidiaries of global firms. The segment is highly concentrated: how much of the non-life gross written premium in 2014 was accounted for by the 10 leading insurers? Which company was the leading player and what proportion of the gross written premium did they account for?

The segment is largely focused on traditional modes of distribution such as brokers, bancassurance, agencies and direct marketing. Cross-border financial service is an important factor contributing to the Luxembourg’s current account balance. Luxembourg recorded an average growth of 10% per year during 2002 to 2014, supporting the sustained development of investment funds. Luxembourg ranked second in the world, and first in Europe, in terms of net assets under management in 2015.

Scope

• An analysis of the key trends, drivers and challenges for the non-life insurance segment in Luxembourg

• An examination of the various distribution channels

• A detailed overview of the competitive landscape in the non-life insurance segment

• The key regulatory policies affecting the Luxembourg non-life insurance industry

• An exhaustive list of parameters in the non-life insurance industry in Luxembourg, including: written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions

• Profiles of the leading non-life insurance companies and an outline of the key regulations affecting them

• A detailed analysis of the key categories in the non-life insurance segment, and market forecasts to 2019

• Historical values for the Luxembourg non-life insurance segment for the report’s 2010 to 2014 review period, with projected figures up to 2019

• The non-life insurance segment’s outlook by product category

• A comprehensive overview of the Luxembourg economy and associated demographics

• A comparison of the Luxembourg insurance industry with its regional counterparts

• Detailed analysis of natural hazards and their impact on the Luxembourg insurance industry

Key Highlights

Which category is expected to remain the largest over the forecast period?

What is the leading cause of death in Luxembourg? What are the three primary factors contributing to this?

Which category accounts for a substantial proportion of the segment’s gross written premium? Which category accounts for the remaining portion?

What was made compulsory for alternative investment fund managers in all EU countries?

Reasons to Buy

• Make more informed strategic business decisions in the Luxembourg non-life insurance segment utilizing GlobalData’s in-depth historic and forecast market data

• Assess the overall market dynamics to better position your products to give you a competitive advantage

• Analyze your competitors in the segment and determine how their performances might impact on your market share; ensure your value proposition is aligned to give you the best return on investment

• Investigate key regulations governing the Luxembourg insurance industry and their potential impact on the industry’s future, to ensure you continue to satisfy changing standards of conduct and compliance

Swiss re international SE
Foyer assurances SA
La Luxembourgeoise SA
The Shipowners Mutual Protection and Indemnity Association
The West of England Ship Owners Mutual Insurance Association
Telefonica Insurance SA
Camca Assurance SA
Baloise Assurances Luxembourg SA
Axa Assurances Luxembourg SA
Colombe Assurances

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Segment Outlook

4.1 Regional Comparison

4.2 Segment Indicators

4.2.1 Gross written premium and penetration

4.2.2 Claims

4.2.3 Profitability

4.2.4 Assets and investments

5 Outlook by Category

5.1 Property Insurance

5.1.1 Product overview

5.1.2 Premium

5.1.3 Claims

5.1.4 Profitability

5.2 Motor Insurance

5.2.1 Product overview

5.2.2 Premium

5.2.3 Claims

5.2.4 Profitability

5.3 Liability Insurance

5.3.1 Product overview

5.3.2 Premium

5.3.3 Claims

5.3.4 Profitability

5.4 Marine, Aviation and Transit Insurance

5.4.1 Product overview

5.4.2 Premium

5.4.3 Claims

5.4.4 Profitability

6 Distribution Channel Outlook

6.1 Analysis by Distribution Channel

6.1.1 Insurance brokers

6.1.2 Agencies

6.1.3 Direct marketing

6.1.4 Bancassurance

6.1.5 Other channels

7 Natural Hazards

7.1 Storms

7.2 Extreme Temperatures

7.3 Floods

7.4 Exposure

8 Competitive Landscape

8.1 Overview

8.2 Leading Companies in the Luxembourg Non-Life Insurance Segment

8.2.1 Swiss Re International – company overview

8.2.2 Foyer Assurances – company overview

8.2.3 La Luxembourgeoise – company overview

8.2.4 The Ship-Owners Mutual Protection and Indemnity Association – company overview

8.2.5 The West of England Ship Owners Mutual Insurance Association – company overview

9 Governance, Risk and Compliance

9.1 Legislation Overview and Historical Evolution

9.2 Latest Changes in Regulations

9.3 Legislation and Market Practice by Type of Insurance

9.3.1 Life insurance

9.3.2 Property insurance

9.3.3 Motor insurance

9.3.4 Liability insurance

9.3.5 Marine, aviation and transit insurance

9.3.6 Personal accident and health insurance

9.4 Compulsory Insurance

9.4.1 Motor third-party liability insurance (MTPL)

9.4.2 Social insurance system

9.4.3 Air carriers and aircraft operators liability insurance

9.4.4 Marine insurance

9.4.5 Professional indemnity insurance for alternative investment fund managers

9.5 Supervision and Control

9.5.1 International Association of Insurance Supervisors (IAIS)

9.5.2 European Insurance and Occupational Pensions Authority (EIOPA)

9.5.3 Insurance Commission (Commissariat aux Assurance)

9.5.4 Federation of European Risk Management Associations (FERMA)

9.5.5 Association of Insurance Companies and Reinsurance (ACA)

9.6 Non-Admitted Insurance Regulations

9.6.1 Overview

9.6.2 Intermediaries

9.6.3 Market practices

9.6.4 Fines and penalties

9.7 Company Registration and Operations

9.7.1 Types of insurance organization

9.7.2 Establishing a local company

9.7.3 Foreign ownership

9.7.4 Types of license

9.7.5 Capital requirements

9.7.6 Solvency margins

9.7.7 Reserve requirements

9.7.8 Investment regulations

9.7.9 Statutory return requirements

9.7.10 Fee structure

9.8 Taxation

9.8.1 Insurance premium or policy taxation

9.8.2 Withholding taxes on premium paid overseas

9.8.3 Corporate tax

9.8.4 VAT

9.8.5 Captives

9.9 Legal System

9.9.1 Introduction

9.9.2 Access to court

9.9.3 Alternative dispute resolution (ADR)

10 Databook

10.1 Policies and Premium

10.2 Claims and Expenses

10.3 Assets and Investments

10.4 Direct Marketing and E-Commerce

10.5 Insurance Brokers and Agencies

10.6 Bancassurance and Other Distribution Channels

10.7 Property Insurance

10.8 Property Insurance by Product

10.9 Motor Insurance

10.1 Motor Insurance by Product

10.11 Liability Insurance

10.12 Marine, Aviation and Transit Insurance

11 Definitions and Methodology

11.1 Definitions

11.2 Methodology

12 About GlobalData

12.1 Contact GlobalData

12.2 About GlobalData

12.3 GlobalData’s Services

12.4 Disclaimer

Table

Table 1: Luxembourg Non-Life Insurance – Key Facts, 2014

Table 2: Luxembourg Non-Life Insurance – Segment Shares of the Top Insurers, 2014

Table 3: Luxembourg Government Credit Ratings

Table 4: Luxembourg Non-Life Insurance – Gross Written Premium (EUR Billion and US$ Billion), 2010–2014

Table 5: Luxembourg Non-Life Insurance – Penetration (%), 2010–2014

Table 6: Luxembourg Non-Life Insurance – Gross Written Premium (EUR Billion and US$ Billion), 2014–2019

Table 7: Luxembourg Non-Life Insurance – Penetration (%), 2014–2019

Table 8: Luxembourg Non-Life Insurance – Premium per Capita (EUR and US$), 2010–2014

Table 9: Luxembourg Non-Life Insurance – Premium per Capita (EUR and US$), 2014–2019

Table 10: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion and US$ Billion), 2010–2014

Table 11: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion and US$ Billion), 2014–2019

Table 12: Luxembourg Non-Life Insurance – Profitability Ratio (%), 2010–2014

Table 13: Luxembourg Non-Life Insurance – Profitability Ratio (%), 2014–2019

Table 14: Luxembourg Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2010–2014

Table 15: Luxembourg Non-Life Insurance – Total Assets (EUR Billion and US$ Billion), 2014–2019

Table 16: Luxembourg Non-Life Insurance – Investment Portfolio (EUR Billion), 2010–2014

Table 17: Luxembourg Non-Life Insurance – Investment Portfolio (EUR Billion), 2014–2019

Table 18: Luxembourg Non-Life Insurance – Gross Written Premium by Category (EUR Billion), 2010–2014

Table 19: Luxembourg Non-Life Insurance – Gross Written Premium by Category (EUR Billion), 2014–2019

Table 20: Luxembourg Property Insurance – Gross Written Premium by Sub-Category (EUR Million), 2010–2014

Table 21: Luxembourg Property Insurance – Gross Written Premium by Sub-Category (EUR Million), 2014–2019

Table 22: Luxembourg Property Insurance – Paid Claims (EUR Billion and US$ Billion), 2010–2014

Table 23: Luxembourg Property Insurance – Paid Claims (EUR Billion and US$ Billion), 2014–2019

Table 24: Luxembourg Property Insurance – Loss Ratio (%), 2010–2014

Table 25: Luxembourg Property Insurance – Loss Ratio (%), 2014–2019

Table 26: Luxembourg Motor Insurance – Gross Written Premium by Sub-Category (EUR Million), 2010–2014

Table 27: Luxembourg Motor Insurance – Gross Written Premium by Sub-Category (EUR Million), 2014–2019

Table 28: Luxembourg Motor Insurance – Paid Claims (EUR Million and US$ Million), 2010–2014

Table 29: Luxembourg Motor Insurance – Paid Claims (EUR Million and US$ Million), 2014–2019

Table 30: Luxembourg Motor Insurance – Loss Ratio (%), 2010–2014

Table 31: Luxembourg Motor Insurance – Loss Ratio (%), 2014–2019

Table 32: Luxembourg Liability Insurance – Gross Written Premium (EUR Million), 2010–2014

Table 33: Luxembourg Liability Insurance – Gross Written Premium (EUR Million), 2014–2019

Table 34: Luxembourg Liability Insurance – Paid Claims (EUR Million and US$ Million), 2010–2014

Table 35: Luxembourg Liability Insurance – Paid Claims (EUR Million and US$ Million), 2014–2019

Table 36: Luxembourg Liability Insurance – Loss Ratio (%), 2010–2014

Table 37: Luxembourg Liability Insurance – Loss Ratio (%), 2014–2019

Table 38: Luxembourg Marine, Aviation and Transit Insurance – Gross Written Premium (EUR Billion), 2010–2014

Table 39: Luxembourg Marine, Aviation and Transit Insurance – Gross Written Premium (EUR Billion), 2014–2019

Table 40: Luxembourg Marine, Aviation and Transit Insurance – Paid Claims (EUR Million and US$ Million), 2010–2014

Table 41: Luxembourg Marine, Aviation and Transit Insurance – Paid Claims (EUR Million and US$ Million), 2014–2019

Table 42: Luxembourg Marine, Aviation and Transit Insurance – Loss Ratio (%), 2010–2014

Table 43: Luxembourg Marine, Aviation and Transit Insurance – Loss Ratio (%), 2014–2019

Table 44: Luxembourg Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Billion), 2010–2014

Table 45: Luxembourg Non-Life Insurance – Direct Written Premium by Distribution Channel (EUR Billion), 2014–2019

Table 46: Luxembourg Non-Life Insurance – Direct Written Premium by Distribution Channel (%), 2010–2019

Table 47: Luxembourg Average Annual Loss by Hazard

Table 48: Luxembourg Non-Life Insurance – Segment Shares (%), 2014

Table 49: Swiss Re International – Key Facts

Table 50: Swiss Re International – Key Financials (EUR Million), 2010–2014

Table 51: Foyer Assurances – Key Facts

Table 52: Foyer Assurances – Key Financials (EUR Million), 2010–2014

Table 53: La Luxembourgeoise – Key Facts

Table 54: La Luxembourgeoise – Key Financials (EUR Million), 2010–2014

Table 55: The Ship-Owners Mutual Protection and Indemnity Association – Key Facts

Table 56: The Ship-Owners Mutual Protection and Indemnity Association – Key Financials (EUR Million), 2010–2014

Table 57: The West of England Ship Owners Mutual Insurance Association – Key Facts

Table 58: The West of England Ship Owners Mutual Insurance Association – Key Financials (EUR Million), 2010–2014

Table 59: Luxembourg – Insurance Regulatory Framework Key Features

Table 60: Luxembourg – Life Insurance Regulatory Framework

Table 61: Luxembourg – Property Insurance Regulatory Framework

Table 62: Luxembourg – Motor Insurance Regulatory Framework

Table 63: Luxembourg – Liability Insurance Regulatory Framework

Table 64: Luxembourg – Minimum Cover for Aircraft Third-Party Liability Per Accident Per

Table 65: Luxembourg – Insurance Premium Taxation

Table 66: Luxembourg – Corporate Tax Rate for the Financial Year 2015

Table 67: Luxembourg Insurance Industry – Policies and Premium, 2010–2014

Table 68: Luxembourg Insurance Industry – Policies and Premium, 2014–2019

Table 69: Luxembourg Non-Life Insurance – Claims and Expenses, 2010–2014

Table 70: Luxembourg Non-Life Insurance – Claims and Expenses, 2014–2019

Table 71: Luxembourg Non-Life Insurance – Assets and Investments, 2010–2014

Table 72: Luxembourg Non-Life Insurance – Assets and Investments, 2014–2019

Table 73: Luxembourg Non-Life Insurance – Direct Marketing, 2010–2014

Table 74: Luxembourg Non-Life Insurance – Direct Marketing, 2014–2019

Table 75: Luxembourg Non-Life Insurance – Insurance Brokers and Agencies, 2010–2014

Table 76: Luxembourg Non-Life Insurance – Insurance Brokers and Agencies, 2014–2019

Table 77: Luxembourg Non-Life Insurance – Bancassurance and Other Distribution Channels, 2010–2014

Table 78: Luxembourg Non-Life Insurance – Bancassurance and Other Distribution Channels, 2014–2019

Table 79: Luxembourg Non-Life Insurance – Property Insurance, 2010–2014

Table 80: Luxembourg Non-Life Insurance – Property Insurance, 2014–2019

Table 81: Luxembourg Non-Life Insurance – Property Insurance by Product, 2010–2014

Table 82: Luxembourg Non-Life Insurance – Property Insurance by Product, 2014–2019

Table 83: Luxembourg Non-Life Insurance – Motor Insurance, 2010–2014

Table 84: Luxembourg Non-Life Insurance – Motor Insurance, 2014–2019

Table 85: Luxembourg Non-Life Insurance – Motor Insurance by Product, 2010–2014

Table 86: Luxembourg Non-Life Insurance – Motor Insurance by Product, 2014–2019

Table 87: Luxembourg Non-Life Insurance – Liability Insurance, 2010–2014

Table 88: Luxembourg Non-Life Insurance – Liability Insurance, 2014–2019

Table 89: Luxembourg Non-Life Insurance – Marine, Aviation and Transit Insurance, 2010–2014

Table 90: Luxembourg Non-Life Insurance – Marine, Aviation and Transit Insurance, 2014–2019

Table 91: Insurance Industry Definitions

Figures

Figure 1: Luxembourg Real GDP (EUR Billion), 2010–2019

Figure 2: EUR–US$ Exchange Rate, 2010–2019

Figure 3: Luxembourg Consumer Price Inflation, 2010–2019

Figure 4: Luxembourg Current Account Balance as a Percentage of GDP (%), 2010–2014

Figure 5: Luxembourg Unemployment Rate, 2010–2019

Figure 6: Luxembourg Population by Age Group, 1991–2025

Figure 7: Luxembourg Non-Life Insurance Penetration – Regional Comparison (%), 2014

Figure 8: Luxembourg Insurance Segment Direct Written Premium Shares – Regional Comparison (%), 2014

Figure 9: Luxembourg Non-Life Insurance – Gross Written Premium (EUR Billion), 2010–2019

Figure 10: Luxembourg Non-Life Insurance – Penetration (%), 2010–2019

Figure 11: Luxembourg Non-Life Insurance – Premium per Capita (EUR), 2010–2019

Figure 12: Luxembourg Non-Life Insurance – Paid Claims (EUR Billion), 2010–2019

Figure 13: Luxembourg Non-Life Insurance – Profitability Ratio (%), 2010–2019

Figure 14: Luxembourg Non-Life Insurance – Total Assets (EUR Billion), 2010–2019

Figure 15: Luxembourg Non-Life Insurance – Investment Portfolio (EUR Billion), 2010–2019

Figure 16: Luxembourg Non-Life Insurance – Investment Portfolio Dynamics by Category, 2010–2019

Figure 17: Luxembourg Non-Life Insurance – Gross Written Premium by Category (EUR Billion and US$ Billion), 2010–2019

Figure 18: Luxembourg Non-Life Insurance – Gross Written Premium Dynamics by Category, 2010–2019

Figure 19: Luxembourg Property Insurance – Gross Written Premium by Sub-Category (EUR Million), 2010–2019

Figure 20: Luxembourg Property Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019

Figure 21: Luxembourg Property Insurance – Paid Claims (EUR Billion), 2010–2019

Figure 22: Luxembourg Property Insurance – Earned Premium, Incurred Loss and Loss Ratio (EUR Billion and %), 2010–2019

Figure 23: Luxembourg Motor Insurance – Registered Vehicles By Type 2010–2014

Figure 24: Luxembourg Motor Insurance – Gross Written Premium by Sub-Category (EUR Billion), 2010–2019

Figure 25: Luxembourg Motor Insurance – Gross Written Premium Dynamics by Sub-Category, 2010–2019

Figure 26: Luxembourg Motor Insurance – Paid Claims (EUR Million), 2010–2019

Figure 27: Luxembourg Motor Insurance – Earned Premium, Incurred Loss and Loss Ratio (EUR Million and %), 2010–2019

Figure 28: Luxembourg Liability Insurance – Gross Written Premium (EUR Million), 2010–2019

Figure 29: Luxembourg Liability Insurance – Paid Claims (EUR Million), 2010–2019

Figure 30: Luxembourg Liability Insurance – Earned Premium, Incurred Loss and Loss Ratio (EUR Million and %), 2010–2019

Figure 31: Luxembourg Marine, Aviation and Transit Insurance – Gross Written Premium (EUR Billion), 2010–2019

Figure 32: Luxembourg Marine, Aviation and Transit Insurance – Paid Claims (EUR Million), 2010–2019

Figure 33: Luxembourg Marine, Aviation and Transit Insurance – Earned Premium, Incurred Loss and Loss Ratio (EUR Million and %), 2010–2019

Figure 34: Luxembourg Non-Life Insurance – Direct Written Premium by Distribution Channel (%), 2010, 2014 and 2019

Figure 35: Luxembourg – Frequency of Hazards by Type, 1990–2014

Figure 36: Luxembourg – Economic Issues Caused by Hazards by Type, 1990–2014

Figure 37: Luxembourg Non-Life Insurance – Segment Shares (%), 2014

Figure 38: Luxembourg – The Three Pillars of Solvency II

Figure 39: Luxembourg – Insurance Supervision and Control at Various Levels

Figure 40: Luxembourg – Insurance Regulatory Frameworks for Company Registration and Operation

Frequently asked questions

Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019 standard reports
Currency USD
$1,450

Can be used by individual purchaser only

Most Popular
$2,900

Can be shared by unlimited users within one corporate location e.g. a regional office

$4,350

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company

Add to Basket

Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019 was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

 Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

 Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

 Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

 Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

 Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

 Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

 Senior Account Manager, TSYS

Related reports

View more Financial Services reports
Financial Services
New
Worldline - Competitor Profile
$350 | March 2024
Financial Services
New
United Kingdom (UK) Bancassurance Distribution Dynamics and Future Market, 2023…
$1,295 | April 2024
Financial Services
New
Huawei Pay - Competitor Profile
$350 | April 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019 in real time.

  • Access a live Non-Life Insurance in Luxembourg, Key Trends and Opportunities to 2019 dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.
Tell me more