The Luxembourg Insurance Commission has published first quarter 2026 insurance sector indicators showing a split market performance. Gross written premiums in non-life insurance fell 2.19 percent year on year, while life insurance premiums rose 18.13 percent, taking total market premiums to EUR 14.85 billion, up 8.29 percent from EUR 13.72 billion a year earlier. The decline in non-life premiums was attributed mainly to restructurings carried out in 2025 following strategic decisions by several insurance groups, including run-off, portfolio transfers and redomiciliations. On a constant perimeter basis, non-life gross premiums increased 3.54 percent. Within the segment, international business fell 2.79 percent to EUR 5.89 billion, while local business rose 4.09 percent to EUR 601.73 million. In life insurance, growth covered both unit-linked products, up 16.84 percent to EUR 5.90 billion, and guaranteed-return products, up 21.03 percent to EUR 2.43 billion, with pension funds up 49.58 percent to EUR 34.18 million. Total technical provisions of life insurers stood at EUR 261.57 billion at the end of the first quarter, up 7.82 percent year on year, with unit-linked products accounting for more than 80 percent of the total.
Luxembourg Commissariat aux Assurances 2026-05-08
Luxembourg Insurance Commission reports first quarter 2026 non-life premiums down 2.19 percent and life premiums up 18.13 percent
The Luxembourg Insurance Commission reported Q1 2026 premiums up 8.29 percent year on year to EUR 14.85 billion, with non-life premiums down 2.19 percent and life premiums up 18.13 percent. The non-life decline was mainly linked to 2025 restructurings, with constant perimeter non-life premiums up 3.54 percent, while life growth was broad-based across unit-linked and guaranteed-return products and pension funds. Life insurers’ technical provisions rose 7.82 percent to EUR 261.57 billion, with unit-linked products representing over 80 percent of the total.