Over the first six months of the 2018 financial year, overall inflows registered a decline of 4.98% with premiums down by 10.01% in life insurance but up by 28.73% in the non-life sector, the Luxembourg insurance regulator (CAA) announced by press release on 14 August 2018. 

The decline in life insurance is explained by the fact that Q2 2017 recorded exceptional activity with premiums up by almost 30%. It is worth noting that, although in decline, life insurance for 2018 remains higher than for the same period of 2015 and 2016. 

The half-year decrease of 10.01% in life insurance was exclusively attributed to unit-linked products whose premiums fell by 21.55%. However, premiums for guaranteed return products increased by 24.93%, primarily due to the significant increase in demand for protection products.

Non-life insurance increased by 28.73% over the first six months of 2018, this remarkable growth continues to be significantly impacted by the fallout from the approval of companies having chosen Luxembourg as a place of installation following the decision of the United Kingdom to leave the European Union. Insurers working mainly, if not exclusively on the Luxembourg market, recorded an increase of 10.45% in their collections. 

Non-life insurers operating abroad, with the exception of marine insurance, saw their inflows increase by 49.87%.