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

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Reinsurance Growth Dynamics and Challenges

4.1 Reinsurance Segment Size, 2010–2019

4.2 Reinsurance Segment Size by Premium Ceded, 2010–2019

5 Key Industry Drivers

5.1 Reinsurance Drivers

5.2 Life Insurance Drivers

5.3 Non-Life Insurance

5.4 Personal Accident and Health Insurance

6 Natural Hazards

6.1 Storms

6.2 Extreme Temperatures

6.3 Floods

6.4 Exposure

7 Competitive Landscape and Strategic Insights

7.1 Overview

7.2 List of Reinsurance Companies in Luxembourg

8 Definitions and Methodology

8.1 Definitions

8.2 Methodology

9 About GlobalData

9.1 Contact GlobalData

9.2 About GlobalData

9.3 GlobalData’s Services

9.4 Disclaimer

Table

Table 1: Luxembourg Reinsurance – Key Facts, 2014

Table 2: Luxembourg Government Credit Ratings

Table 3: Luxembourg Reinsurance – Premium Accepted by Category (EUR Billion), 2010–2014

Table 4: Luxembourg Reinsurance – Premium Accepted by Category (EUR Billion), 2014–2019

Table 5: Luxembourg Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2010–2014

Table 6: Luxembourg Reinsurance – Premium Ceded by Type of Insurance (US$ Billion), 2010–2014

Table 7: Luxembourg Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2014–2019

Table 8: Luxembourg Reinsurance – Premium Ceded by Type of Insurance (US$ Billion), 2014–2019

Table 9: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 10: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 11: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 12: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 13: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Table 14: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Table 15: Luxembourg Average Annual Loss by Hazard

Table 16: List of Companies in the Luxembourg Reinsurance Segment, 2014

Table 17: 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 Reinsurance – Premium Accepted by Category (EUR Billion), 2010–2019

Figure 8: Luxembourg Reinsurance – Premium Ceded by Type of Insurance (EUR Billion), 2010–2019

Figure 9: Luxembourg Reinsurance – Premium Ceded Dynamics by Type of Insurance, 2010–2019

Figure 10: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 11: Luxembourg Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 12: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 13: Luxembourg Non-Life Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 14: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2010–2014

Figure 15: Luxembourg Personal Accident and Health Insurance – Percentage of Reinsurance Ceded (%), 2014–2019

Figure 16: Luxembourg – Frequency of Hazards by Type, 1990–2014

Figure 17: Luxembourg – Economic Issues Caused by Hazards by Type, 1990–2014

Frequently asked questions

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