Revenue of reinsurance companies in Luxembourg 2010-2022
most competitive financial centers in Europe after London, Frankfurt and Zürich. In recent years, the Grand Duchy made efforts to diversify its financial activities in certain niches such as Chinese and Islamic finance, together with fintech. Luxembourg's three traditional strengths, however, involve its activities in investment funds, banking and insurance.
In 2022, the reinsurance market in Luxembourg grew by more than one billion euros. In that year, reinsurance companies in Luxembourg generated revenues of approximately 16.7 billion euros. Luxembourg is an international financial center in the European Union. In the most recent Global Financial Centers Index, Luxembourg was ranked as having the one of the