866-997-4948(US-Canada Toll Free)

Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019

Published By :

Timetric

Published Date : Apr 2016

Category :

Health Insurance

No. of Pages : 126 Pages

Synopsis

Timetrics 'Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides detailed analysis of the market trends, drivers, challenges in the Luxembourg personal accident and health insurance segment.

It provides key performance indicators such as written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and claims during the review period (20102014) and over the forecast period (20142019).

The report also analyzes distribution channels operating in the segment, gives a comprehensive overview of Luxembourg's economy and demographics, and provides detailed information on the competitive landscape in the country.

The report brings together Timetrics research, modeling and analysis expertise, giving insurers access to information on segment dynamics and competitive advantages, and profiles of insurers operating in the country. The report also includes details of insurance regulations, and recent changes in the regulatory structure.

Summary

  • Timetrics 'Personal Accident and Health Insurance in Luxembourg, Key Trends and Opportunities to 2019' report provides in-depth market analysis, information and insights into the Luxembourg personal accident and health insurance segment, including:
  • The Luxembourg personal accident and health insurance segments growth prospects by insurance category
  • The key trends, drivers and challenges for the personal accident and health insurance segment
  • A comprehensive overview of Luxembourg's economy and demographics
  • The various distribution channels in the Luxembourg personal accident and health insurance segment
  • Details of the competitive landscape in the personal accident and health insurance segment in Luxembourg
  • Details of regulatory policies applicable to the Luxembourg insurance industry


Scope

  • This report provides a comprehensive analysis of the personal accident and health insurance segment in Luxembourg:
  • It provides historical values for the Luxembourg personal accident and health insurance segment for the reports 20102014 review period, and projected figures for the 20142019 forecast period.
  • It offers a detailed analysis of the key categories in the Luxembourg personal accident and health insurance segment, and market forecasts to 2019.
  • It analyzes the various distribution channels for personal accident and health insurance products in Luxembourg.
  • It profiles the top personal accident and health insurance companies in Luxembourg, and outlines the key regulations affecting them.


Reasons To Buy

  • Make strategic business decisions using in-depth historic and forecast market data related to the Luxembourg personal accident and health insurance segment, and each category within it.
  • Understand the demand-side dynamics, key market trends and growth opportunities in the Luxembourg personal accident and health insurance segment.
  • Assess the competitive dynamics in the personal accident and health insurance segment.
  • Identify growth opportunities and market dynamics in key product categories.
  • Gain insights into key regulations governing the Luxembourg insurance industry, and their impact on companies and the industry's future.


Key Highlights

  • Luxembourg has a compulsory public health system that offers universal cover and the ability to choose hospitals and doctors, leaving little scope for private insurance.
  • The personal accident and health segment accounted for 0.8% of the industrys gross written premium in 2014, remaining resilient to economic difficulties and recording robust growth.
  • Changing demographics and an emphasis on providing high-quality affordable healthcare are expected to drive growth in the segment over the forecast period.
  • Many private health insurers primarily focused on the countrys large expatriate and immigrant population.

Table of Contents

1 Key Facts and Highlights

2 Executive Summary

3 Economy and Demographics

4 Personal Accident and Health Insurance Segment Outlook
4.1 Key Drivers
4.2 Key Trends
4.3 Challenges
4.4 Personal Accident and Health Insurance Growth Prospects by Category
4.4.1 Personal accident insurance
4.4.2 Travel insurance
4.4.3 Health insurance

5 Analysis by Distribution Channel

6 Competitive Landscape and Strategic Insights
6.1 Overview
6.2 Leading Companies in the Luxembourg Personal Accident and Health Insurance Segment
6.2.1 Globality SA company overview
6.2.2 DKV Luxembourg company overview
6.2.3 National General Insurance Luxembourg SA company overview
6.2.4 Foyer Sant company overview
6.2.5 Axa Assurances Luxembourg company overview
6.2.6 La Luxembourgeoise company overview
6.2.7 Foyer Assurances company overview
6.2.8 Swiss Re International company overview
6.2.9 Baloise Assurances Luxembourg SA company overview
6.2.10 Arisa Assurances company overview

7 Governance, Risk and Compliance
7.1 Legislation Overview and Historical Evolution
7.2 Latest Changes in Regulations
7.3 Legislation and Market Practice by Type of Insurance
7.3.1 Life insurance
7.3.2 Property insurance
7.3.3 Motor insurance
7.3.4 Liability insurance
7.3.5 Marine, aviation and transit insurance
7.3.6 Personal accident and health insurance
7.4 Compulsory Insurance
7.4.1 Motor third-party liability insurance (MTPL)
7.4.2 Social insurance system
7.4.3 Air carriers and aircraft operators liability insurance
7.4.4 Marine insurance
7.4.5 Professional indemnity insurance for alternative investment fund managers
7.5 Supervision and Control
7.5.1 International Association of Insurance Supervisors (IAIS)
7.5.2 European Insurance and Occupational Pensions Authority (EIOPA)
7.5.3 Insurance Commission (Commissariat aux Assurance)
7.5.4 Federation of European Risk Management Associations (FERMA)
7.5.5 Association of Insurance Companies and Reinsurance (ACA)
7.6 Non-Admitted Insurance Regulations
7.6.1 Overview
7.6.2 Intermediaries
7.6.3 Market practices
7.6.4 Fines and penalties
7.7 Company Registration and Operations
7.7.1 Types of insurance organization
7.7.2 Establishing a local company
7.7.3 Foreign ownership
7.7.4 Types of license
7.7.5 Capital requirements
7.7.6 Solvency margins
7.7.7 Reserve requirements
7.7.8 Investment regulations
7.7.9 Statutory return requirements
7.7.10 Fee structure
7.8 Taxation
7.8.1 Insurance premium or policy taxation
7.8.2 Withholding taxes on premium paid overseas
7.8.3 Corporate tax
7.8.4 VAT
7.8.5 Captives
7.9 Legal System
7.9.1 Introduction
7.9.2 Access to court
7.9.3 Alternative dispute resolution (ADR)

8 Definitions and Methodology
8.1 Definitions
8.2 Methodology

9 About Timetric
9.1 Contact Timetric
9.2 About Timetric
9.3 Timetrics Services
9.4 Disclaimer

List of Table

Table 1: Luxembourg Personal Accident and Health Insurance Key Facts, 2014
Table 2: Luxembourg Government Credit Ratings
Table 3: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (EUR Million), 20102014
Table 4: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (US$ Million), 20102014
Table 5: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (EUR Million), 20142019
Table 6: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (US$ Million), 20142019
Table 7: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (EUR Million), 20102014
Table 8: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (US$ Million), 20102014
Table 9: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (EUR Million), 20142019
Table 10: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (US$ Million), 20142019
Table 11: Luxembourg Personal Accident and Health Insurance Net Earned Premium (EUR Million), 20102014
Table 12: Luxembourg Personal Accident and Health Insurance Net Earned Premium (EUR Million), 20142019
Table 13: Luxembourg Personal Accident and Health Insurance Paid Claims by Category (EUR Million), 20102014
Table 14: Luxembourg Personal Accident and Health Insurance Paid Claims by Category (US$ Million), 20102014
Table 15: Luxembourg Personal Accident and Health Insurance Paid Claims by Category (EUR Million), 20142019
Table 16: Luxembourg Personal Accident and Health Insurance Paid Claims by Category (US$ Million), 20142019
Table 17: Luxembourg Personal Accident and Health Insurance Incurred Loss by Category (EUR Million), 20102014
Table 18: Luxembourg Personal Accident and Health Insurance Incurred Loss by Category (US$ Million), 20102014
Table 19: Luxembourg Personal Accident and Health Insurance Incurred Loss by Category (EUR Million), 20142019
Table 20: Luxembourg Personal Accident and Health Insurance Incurred Loss by Category (US$ Million), 20142019
Table 21: Luxembourg Personal Accident and Health Insurance Net Written Premium by Category (EUR Million), 20102014
Table 22: Luxembourg Personal Accident and Health Insurance Net Written Premium by Category (US$ Million), 20102014
Table 23: Luxembourg Personal Accident and Health Insurance Net Written Premium by Category (EUR Million), 20142019
Table 24: Luxembourg Personal Accident and Health Insurance Net Written Premium by Category (US$ Million), 20142019
Table 25: Luxembourg Personal Accident and Health Insurance Loss Ratio (%), 20102014
Table 26: Luxembourg Personal Accident and Health Insurance Loss Ratio (%), 20142019
Table 27: Luxembourg Personal Accident and Health Insurance Commission and Expenses (EUR Million), 20102014
Table 28: Luxembourg Personal Accident and Health Insurance Commission and Expenses (EUR Million), 20142019
Table 29: Luxembourg Personal Accident and Health Insurance Combined Ratio (%), 20102014
Table 30: Luxembourg Personal Accident and Health Insurance Combined Ratio (%), 20142019
Table 31: Luxembourg Personal Accident and Health Insurance Total Assets (EUR Million), 20102014
Table 32: Luxembourg Personal Accident and Health Insurance Total Assets (EUR Million), 20142019
Table 33: Luxembourg Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20102014
Table 34: Luxembourg Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20142019
Table 35: Luxembourg Personal Accident Insurance Direct Written Premium (EUR Million), 20102014
Table 36: Luxembourg Personal Accident Insurance Direct Written Premium (EUR Million), 20142019
Table 37: Luxembourg Personal Accident Insurance Loss Ratio (%), 20102014
Table 38: Luxembourg Personal Accident Insurance Loss Ratio (%), 20142019
Table 39: Luxembourg Travel Insurance Direct Written Premium (EUR Million), 20102014
Table 40: Luxembourg Travel Insurance Direct Written Premium (EUR Million), 20142019
Table 41: Luxembourg Travel Insurance Loss Ratio (%), 20102014
Table 42: Luxembourg Travel Insurance Loss Ratio (%), 20142019
Table 43: Luxembourg Health Insurance Gross Written Premium (EUR Million), 20102014
Table 44: Luxembourg Health Insurance Gross Written Premium (EUR Million), 20142019
Table 45: Luxembourg Health Insurance Direct Written Premium (EUR Million), 20102014
Table 46: Luxembourg Health Insurance Direct Written Premium (EUR Million), 20142019
Table 47: Luxembourg Health Insurance Paid Claims (EUR Million), 20102014
Table 48: Luxembourg Health Insurance Paid Claims (EUR Million), 20142019
Table 49: Luxembourg Health Insurance Loss Ratio (%), 20102014
Table 50: Luxembourg Health Insurance Loss Ratio (%), 20142019
Table 51: Luxembourg Health Insurance Net Written Premium (EUR Million), 20102014
Table 52: Luxembourg Health Insurance Net Written Premium (EUR Million), 20142019
Table 53: Luxembourg Personal Accident and Health Insurance Segment Shares (%), 2014
Table 54: Globality SA, Key Facts
Table 55: Globality SA Key Financials (EUR Million), 20122014
Table 56: DKV Luxembourg, Key Facts
Table 57: DKV Luxembourg Key Financials (EUR Million), 20102014
Table 58: National General Insurance Luxembourg SA Key Facts
Table 59: Foyer Sant Key Facts
Table 60: Foyer Sant Key Financials (EUR Million), 20102014
Table 61: Axa Assurances Luxembourg, Key Facts
Table 62: Axa Assurances Luxembourg Key Financials (EUR Million), 20102014
Table 63: La Luxembourgeoise, Key Facts
Table 64: La Luxembourgeoise Key Financials (EUR Million), 20102014
Table 65: Foyer Assurances, Key Facts
Table 66: Foyer Assurances Key Financials (EUR Million), 20102014
Table 67: Swiss Re International, Key Facts
Table 68: Swiss Re International Key Financials (EUR Million), 20102014
Table 69: Baloise Assurances Luxembourg SA, Key Facts
Table 70: Arisa Assurances, Key Facts
Table 71: Luxembourg Insurance Regulatory Framework Key Features
Table 72: Luxembourg Life Insurance Regulatory Framework
Table 73: Luxembourg Property Insurance Regulatory Framework
Table 74: Luxembourg Motor Insurance Regulatory Framework
Table 75: Luxembourg Liability Insurance Regulatory Framework
Table 76: Luxembourg Minimum Cover for Aircraft Third-Party Liability Per Accident Per
Table 77: Luxembourg Insurance Premium Taxation
Table 78: Luxembourg Corporate Tax Rate for the Financial Year 2015
Table 79: Insurance Industry Definitions

List of Chart

Figure 1: Luxembourg Real GDP (EUR Billion), 20102019

Figure 2: EURUS$ Exchange Rate, 20102019
Figure 3: Luxembourg Consumer Price Inflation, 20102019
Figure 4: Luxembourg Current Account Balance as a Percentage of GDP (%), 20102014
Figure 5: Luxembourg Unemployment Rate, 20102019
Figure 6: Luxembourg Population by Age Group, 19912025
Figure 7: Luxembourg Road Accidents, 20102014
Figure 8: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (EUR Million), 20102019
Figure 9: Luxembourg Personal Accident and Health Insurance Gross Written Premium by Category (Percentage Share), 2014 and 2019
Figure 10: Luxembourg Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 11: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (EUR Million), 20102019
Figure 12: Luxembourg Personal Accident and Health Insurance Direct Written Premium by Category (Percentage Share), 2014 and 2019
Figure 13: Luxembourg Personal Accident and Health Insurance Gross Written Premium Dynamics by Category, 20102019
Figure 14: Luxembourg Personal Accident and Health Insurance Net Earned Premium (EUR Million), 20102014
Figure 15: Luxembourg Personal Accident and Health Insurance Net Earned Premium (EUR Million), 20142019
Figure 16: Luxembourg Personal Accident and Health Insurance Paid Claims by Category (EUR Million), 20102019
Figure 17: Luxembourg Personal Accident and Health Insurance Incurred Loss by Category (EUR Million), 20102019
Figure 18: Luxembourg Personal Accident and Health Insurance Net Written Premium by Category (EUR Million), 20102019
Figure 19: Luxembourg Personal Accident and Health Insurance Loss Ratio (%), 20102014
Figure 20: Luxembourg Personal Accident and Health Insurance Loss Ratio (%), 20142019
Figure 21: Luxembourg Personal Accident and Health Insurance Commission and Expenses (EUR Million), 20102014
Figure 22: Luxembourg Personal Accident and Health Insurance Commission and Expenses (EUR Million), 20142019
Figure 23: Luxembourg Personal Accident and Health Insurance Combined Ratio (%), 20102014
Figure 24: Luxembourg Personal Accident and Health Insurance Combined Ratio (%), 20142019
Figure 25: Luxembourg Personal Accident and Health Insurance Total Assets (EUR Million), 20102014
Figure 26: Luxembourg Personal Accident and Health Insurance Total Assets (EUR Million), 20142019
Figure 27: Luxembourg Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20102014
Figure 28: Luxembourg Personal Accident and Health Insurance Net Written Premium as a Percentage of Gross Written Premium (%), 20142019
Figure 29: Luxembourg Personal Accident and Health Insurance Investment Portfolio (EUR Million), 20102014
Figure 30: Luxembourg Personal Accident and Health Insurance Investment Portfolio (% Share), 2010 and 2014
Figure 31: Luxembourg Personal Accident and Health Insurance Penetration (%), 20102014
Figure 32: Luxembourg Personal Accident and Health Insurance Direct Premium per Capita (EUR), 20102014
Figure 33: Luxembourg Personal Accident Insurance Direct Written Premium (EUR Million), 20102014
Figure 34: Luxembourg Personal Accident Insurance Direct Written Premium (EUR Million), 20142019
Figure 35: Luxembourg Personal Accident Insurance Loss Ratio (%), 20102014
Figure 36: Luxembourg Personal Accident Insurance Loss Ratio (%), 20142019
Figure 37: Luxembourg Travel Insurance Direct Written Premium (EUR Million), 20102014
Figure 38: Luxembourg Travel Insurance Direct Written Premium (EUR Million), 20142019
Figure 39: Luxembourg Travel Insurance Loss Ratio (%), 20102014
Figure 40: Luxembourg Travel Insurance Loss Ratio (%), 20142019
Figure 41: Luxembourg Health Insurance Gross Written Premium (EUR Million), 20102014
Figure 42: Luxembourg Health Insurance Gross Written Premium (EUR Million), 20142019
Figure 43: Luxembourg Health Insurance Direct Written Premium (EUR Million), 20102014
Figure 44: Luxembourg Health Insurance Direct Written Premium (EUR Million), 20142019
Figure 45: Luxembourg Health Insurance Paid Claims (EUR Million), 20102014
Figure 46: Luxembourg Health Insurance Paid Claims (EUR Million), 20142019
Figure 47: Luxembourg Health Insurance Loss Ratio (%), 20102014
Figure 48: Luxembourg Health Insurance Loss Ratio (%), 20142019
Figure 49: Luxembourg Health Insurance Net Written Premium (EUR Million), 20102014
Figure 50: Luxembourg Health Insurance Net Written Premium (EUR Million), 20142019
Figure 51: Luxembourg Personal Accident and Health Insurance Segment Shares (%), 2014
Figure 52: Luxembourg The Three Pillars of Solvency II
Figure 53: Luxembourg Insurance Supervision and Control at Various Levels
Figure 54: Luxembourg Insurance Regulatory Frameworks for Company Registration and Operation

Make an enquiry before buying this Report

Please fill the enquiry form below.

  • Full Name *
  • Your Email *
  • Job Title *
  • Company *
  • Phone No. * (Pls. Affix Country Code)
  • Message
  • Security Code *