Reinsurance in Luxembourg, Key Trends and Opportunities to 2019
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Luxembourg’s reinsurance segment is one of the most developed in the world. The country’s favorable regulatory framework and advanced administrative infrastructure make it a hub for captive reinsurance. The country’s social, economic and political stability and strong regulatory framework attract reinsurers.
Multinational reinsurers from France, Germany, Italy, Belgium and Spain operate in Luxembourg through subsidiaries or local brokers, attracted by the requirement of a single reinsurance license to cover life and non-life insurance. Reinsurers have also established representative offices to improve relations with direct domestic insurers. Captive reinsurers operating in Luxembourg specialize in industrial, financial and trading business groups.
There has been growth in most reinsurance lines, including motor, liability, engineering and credit, which all registered robust profits.
Scope
• The Luxembourg reinsurance segment’s growth prospects by reinsurance ceded from direct insurance
• A comprehensive overview of the Luxembourg economy and associated demographics
• Detailed analysis of natural hazards and their impact on the insurance industry
• The competitive landscape in the reinsurance segment
• Historical values for the Luxembourg reinsurance segment for the report’s 2010 to 2014 review period, and projected figures up to 2019
• A detailed analysis of the key categories in the Luxembourg reinsurance segment, and market forecasts to 2019
• An exhaustive list of parameters in the reinsurance industry, including: written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income, and retentions
Key Highlights
How many approved reinsurance companies are in the Luxembourg industry? What is the status of the majority of these?
What legislation is expected to spur competition and increase the demand for reinsurance services?
Which three key factors have contributed to volatility and increased risk in Luxembourg’s reinsurance segment?
What freedom is granted to the reinsurance license holder in Luxembourg?
Reasons to Buy
• Make more informed business decisions in the Luxembourg reinsurance segment utilizing GlobalData’s in-depth historic and forecast market data
• Gain a deeper understanding of the current reinsurance market; identify opportunities to grow your market share
• Evaluate key market drivers and current product propositions to determine how you could better position your products to achieve a competitive advantage
• Assess the overall market dynamics and ensure your value proposition is best placed to drive revenue growth
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