Luxembourg Insurance Tenders

The Luxembourg insurance market is one of the most important in Europe, with a total gross written premium (GWP) of over €30 billion in 2022.
The market is characterized by its strong international focus, with over 80% of GWP coming from non-resident clients.
The main lines of business in the Luxembourg insurance market are non-life insurance (65% of GWP) and life insurance (35% of GWP).

The Luxembourg government is a major purchaser of insurance products and services, with an annual spend of over €200 million.
The government procures a wide range of insurance products and services, including property and casualty insurance, life insurance, health insurance, and liability insurance.
The procurement process is governed by the Public Procurement Law of 2018.

Property and casualty insurance: This is the most common type of insurance procured by the Luxembourg government, and it covers a wide range of risks, such as fire, theft, and property damage.
Life insurance: The Luxembourg government also procures life insurance for its employees, as well as for certain social welfare programs.
Health insurance: The Luxembourg government provides health insurance for all citizens, and it also procures additional health insurance for its employees.
Liability insurance: The Luxembourg government procures liability insurance to protect itself from claims arising from its activities.

The Ministry of Finance is responsible for setting the overall policy for government procurement, including insurance procurement.
The Service Procurement Public (SPP) is responsible for managing the procurement process for all government agencies, including the procurement of insurance products and services.
The Commissariat aux Assurances (Insurance Supervisory Commission) is responsible for overseeing the insurance market in Luxembourg, including the procurement of insurance products and services by the government.

The top winners of Luxembourg insurance procurement contracts are typically large international insurance companies.
Some of the most common winners include AXA, Allianz, Zurich, and Generali.
The government also procures insurance products and services from domestic insurance companies, but these companies typically win smaller contracts.

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