2025 At a glance€50,9 bn
9,75%
As of December 31, 2025, the insurance sector recorded a total premium income of €50,9 billion, reflecting a 16,0% increase in Life insurance to €31,1 billion and a 1,0% rise in Non-Life Insurance to €19,8 billion. Assets under administration for Life insurance grew by 8,5% to reach €262,5 billion.
€262,5 bn8,47%
International Business: Life Insurance€30,3 bn13,91%
International life Insurance 2025 premiums
(ACA Members only)
ACA member companies recorded a significant increase in international premium collections, reaching €30,3 billion in 2025, a 13,91% rise compared to 2024. This strong growth was primarily driven by unit-linked products, representing around 75% of the market.
In 2025, the five main markets for international Life insurance accounted for 87,5% of insurance products distributed under the freedom to provide services (LPS).
Key market developments over the past five years:
International Non-life Business€16,15 bn1,64%
Premiums
(ACA Members only)
In 2025, the Non-Life Insurance sector recorded a slight increase of 1,64% in premium revenue, reaching €16,15 billion. After the strong growth observed over the past two years this stability reflects, the subsequent normalization of the market.
The Property and General Liability segments continued to dominate the market, accounting for 78% of total direct premiums. These results remain stable compared with 2024, despite an increase in the Property and a decrease in General Liability segments of +3,3% and -2,8%, respectively.
Reinsurance Business€13,3bn
Premiums
(ACA Members only)
The Luxembourg Reinsurance market remains highly concentrated, with a limited number of major players driving its overall structure and evolution.
Proportional reinsurance is largely influenced by motor vehicle liability and property Insurance, reflecting the market’s emphasis on broad, high‑exposure lines of Business. In contrast, non‑proportional Reinsurance is predominantly anchored in property Reinsurance, underscoring the increasing need for protection against major, catastrophic events.
Within the Life and Health segment, Life Reinsurance continues to outweigh Health Reinsurance, reinforcing Luxembourg’s position as a centre for long‑term risk management solutions.
Overall, this distribution highlights the market’s strategic focus and risk preferences, maintaining stability across core Business lines while ensuring resilience against large‑scale losses.
Luxembourg Life and Non-Life Insurance€1,98 bn16,47%
Premiums
(ACA members only))
In 2025, the total local Life Insurance market grew by 16,47%, Both segments recorded a comparable upward trend, with unit‑linked products rising by 38% and guaranteed‑return products by 26,78%. A closer analysis shows that guaranteed return products accounted for 49,6% of the market, while unit-linked and other products made up 46,6%.
€1,39 bn4,3%
Premiums
(ACA members only)
In 2025, the local Non-Life Insurance sector shows a stable growth between 2024 and 2025, recording a 4,3% increase and reaching €1,39 billion in direct Insurance premiums by year-end. The market was primarily driven by motor and property Insurance, which saw increases of 3,2% and 4,5%, respectively. This sustained growth highlights the sector’s resilience and adaptability in an evolving risk landscape, with insurers adjusting their offerings to meet changing consumer needs and regulatory developments.
Key Figures à télécharger
