The success of the Luxembourg life insurance industry begins approximatively 15 years ago. The development of the sector is carried out mainly outside the domestic market under the Freedom to provide Services (Directive 92/96/EEC).
As a result of this development, the Luxembourg financial center counts now more than 90 insurance companies. The products offered on the international market are very various, often highly technical and have a very significant saving component. Competition becoming stronger on an internationalized market has logically led insurance companies to focus on developing innovative products to improve further the quality standards of their offer.