The Luxembourg Insurance Commission published its 2025-2026 annual report, key figures and statistical annex, showing record premium income across life insurance, non-life insurance and reinsurance. Total premiums rose 11% to EUR 71 billion, led by an 18.9% increase in life premiums to EUR 35 billion, while non-life premiums reached EUR 20 billion and reinsurance premiums EUR 16 billion. Total assets increased 5.7% to EUR 402 billion, and after-tax profit rose 21.5% to EUR 2.65 billion. Solvency Capital Requirement coverage stood at 164% for life insurers, 213% for non-life insurers and 256% for reinsurers. The report identified conduct shortcomings involving conflicts of interest, cost and fee disclosures, product monitoring, target-market granularity, product testing and distribution controls. The Commission also found some remuneration arrangements inconsistent with the duty to act in customers' best interests and withdrew the authorizations of two brokerage firms following life insurance distribution reviews. Anti-money laundering and counterterrorist financing reviews generated more than 30 observation letters based on qualitative questionnaires and 21 further letters following reviews of life insurers' special audit reports. Supervisory priorities for the coming months include prudent technical provisioning amid inflation and currency volatility, implementation of the proportionality framework under the revised Solvency II regime and stronger documentation, data quality and governance ahead of mandatory audits of published solvency balance sheets. The Commission will also adapt supervision to the European Union anti-money laundering package and Anti-Money Laundering Authority requirements, while continuing checks on product governance and value for money in retail insurance distribution.

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