Governance in insurance - Regulatory framework

Governance regulatory framework training for insurance players in Luxembourg is key to ensure compliance and effective management within the (re)insurance industry.

This training is designed to familiarise professionals with the various laws, regulations, CAA Circular letters but also standards, and best practices that govern the insurance sector in Luxembourg.

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

• understand the legal and regulatory (re)insurance framework in Luxembourg;
• have an overview on the key (re)insurance regulatory requirements of the most important laws, regulations and CAA Circular letters in terms of governance in Luxembourg.

• Detailed overview of the (re)insurance regulatory framework in Luxembourg
• The Commissariat aux Assurances (CAA): its organisation and its supervisory approach

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.