Governance in insurance - Compliance

• Professionals of the insurance/reinsurance industry.
• Insurance and reinsurance intermediaries (brokers, agents...)
• Stakeholders involved in the insurance industry ecosystem (e.g. asset managers, bankers...)

In the dynamic and highly regulated world of (re)insurance, adherence to governance and compliance standards is crucial for ensuring the stability, integrity, and reputation of (re)insurance organisations.

This training is designed to equip (re)insurance stakeholders with the knowledge and skills necessary to navigate the complex landscape of insurance governance and compliance.

• By the end of this training, participants will have a comprehensive understanding of insurance governance and compliance, enabling them to contribute to the success and sustainability of the (re)insurance organisations while ensuring the trust and confidence of policyholders and regulators alike.

• Key governance requirements as per Solvency II rules
• Focus on AML-CTF requirements:
• Regulatory environment and AML insurance key concepts
• Introduction to AML key concept
• AML framework theorical (general and local)
• AML update 2023
• AML focus on insurance in practice
• Focus on the CAA approach on AML-CTF supervision

This training is coordinated by Marc Voncken, Partner at PwC Luxembourg and will be delivered by experts from PwC Luxembourg's Insurance sector.

Marc Voncken is a partner specialising in the financial services industry, with a focus on insurance and reinsurance. He has extensive experience auditing subsidiaries of international groups under Luxembourg GAAP and IFRS, including captive reinsurances, as well as auditing real estate structures. His audit work covers statutory audits, group reporting packages in IFRS and US GAAP, limited reviews, agreed-upon procedures, and Sarbanes-Oxley compliance audits for US registrants. Between 2017 and 2019, Marc advised insurance companies on Brexit relocation projects and currently supports international industrial groups with captive reinsurance feasibility and implementation. He has also provided operational and regulatory advice on financial due diligence, group structuring, and Solvency I and II analyses.