Life insurance in Luxembourg

Luxembourg has achieved its ambition to make insurance the third pillar of its financial sector, along with investment funds and banking.

It is essential for players engaged in the insurance industry to understand the specificities of the markets in which they operate.

In collaboration with PwC's subject matters experts, PwC Academy has developed a series of 3 training modules to make a first step into the life-insurance, non-life insurance and reinsurance markets in Luxembourg and understand their key concepts and challenges.

This module focuses on life insurance. You may also be interested in the following 2 modules:

• Non-life insurance in Luxembourg (2h)
• Reinsurance in Luxembourg (2h)

By the end of this training, participants will be able to:

• understand the main characteristics of the Luxembourg life insurance market (products, players, main business models etc.);
• understand the current and future challenges that affect the market and drive its transformation;
• understand the key elements of the Luxembourg life insurance regulatory environment..

The training is composed of 4 sections:

• The Luxembourg insurance market at glance – Key figures
• The Luxembourg insurance market – Distribution
• Life insurance in Luxembourg – Products, pricing and reserving
• Product challenges

This training is coordinated by Anthony Dault, Partner at PwC Luxembourg. It will be delivered by experts from PwC Luxembourg's Insurance sector, who have acquired in their daily work a significant and detailed experience of the issues faced by insurance market players. (Depending on the needs expressed, PwC Luxembourg may mobilise experts within its network).

Anthony is a partner specialised in insurance/reinsurance and international tax structure, and is actively involved in PwC Luxembourg Reinsurance and Insurance Group (RIG), including the insurance and reinsurance regulatory team. Anthony has more than 18 years of experience serving several multinationals, subsidiaries of European and US registered companies reporting under IFRS or Lux GAAP in the insurance and reinsurance sector, starting in 2003 in PwC Paris insurance department and in PwC Luxembourg. In the past years, Anthony has been involved in the development of the PwC Luxembourg insurance regulatory practice, with a strong focus on cross-border distribution as well as regulatory licensing projects. In that context, he co-heads the IDD service offering of PwC Luxembourg, and is a member of the ACA IDD working group.