Reinsurance in Luxembourg

Any person willing to enter the insurance industry world.

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

• understand the main characteristics of the Luxembourg reinsurance 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 reinsurance regulatory environment.

• The Luxembourg market
  • Introduction to the Luxembourg insurance market
  • Insurance market ecosystem
  • Market’s structure
  • Luxembourg (re)insurance market’s key figures
  • Business models
• Legal and regulatory environment
  • Laws governing the (re)insurance sector
  • Regulations governing the insurance sector
  • Circular letters of the Commissariat aux Assurances

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 licencing projects. In that context, he co-heads the IDD service offering of PwC Luxembourg, and is a member of the ACA IDD working group.