Insurance non-standard assets holding - Business case
Luxembourg's insurance regulation permits a broad range of underlying investments in internal funds. These investments may manifest as unquoted/unlisted assets, depending on the overall investment strategy of the life insurance policy.
As investors in these specific and typically more complex assets, insurers encounter increased risks and challenges. These risks are not limited to valuation concerns but extend to legal, compliance, governance, and other policy management matters. These aspects need to be assessed and monitored continuously, especially for cross-border policies.
The imperative for comprehensive and streamlined processes and controls is heightened, and implementing a clear action plan to address these challenges should be considered a priority.
In close collaboration with PwC's subject matter experts, PwC Academy has designed a training made of 4 complementary building blocks to offer an effective, flexible and cost-efficient approach for insurance professionals to build-up and maintain their knowledge and competence with regard to the non-standard assets held in insurance:
- Insurance non-standard assets - The essentials (2h)
- Insurance non-standard assets - Business case (2h)
- Unlisted securities held in life insurance: focus on private equity valuation (2h)
- Unlisted securities held in life insurance: focus on real estate valuation (2h)
In order to complement your learning journey, please discover our Insurance curriculum.
Duration: 2h
Language: Available in English and French. The supporting material is only available in English.
Number of participants: up to 15
Available as intra-company course (i.e. dedicated session on demand)
Course content can be customised on demand under specific conditions.
Objectives
By the end of this training, participants will be able to understand the dynamic of the unquoted assets and the various issues, challenges and opportunities it brings to all stakeholders in the organisation.
Content
- A real-life business case bringing together various perspectives: regulation, accounting, tax and governance.
- Ideally run in teams to ensure maximum interactivity and sharing of experience.
Target audience
All professionals involved directly or indirectly with the unquoted assets topic within insurance companies (e.g. finance, accounting, legal, sales, marketing, internal audit etc.).
Our lead experts
This training is coordinated by Anthony Dault, Partner, and Mehdi Laghlam, Director at PwC Luxembourg.
Anthony Dault is a partner specialising in insurance and reinsurance with over 20 years of experience gained through PwC’s Luxembourg and Paris practices. He leads audit engagements for multinational subsidiaries under various reporting frameworks, overseeing the insurance audit line and managing operations and HR for audit staff. Anthony directs both technical and non-technical training curricula and external training in this field. Beyond audits, he leads insurance regulatory solutions focusing on ESG/SF, AML/KYC, cross-border distribution, and compliance support. He has successfully delivered regulatory licensing and restructuring projects from strategic planning to operational setup.
Mehdi Laghlam is a director with eight years of expertise in insurance and reinsurance, specialising in AML, fraud, sanctions, and KYC. He plays a key role in PwC Luxembourg’s Audit and Regulatory service, leading the AML taskforce that supports audit teams and clients through AML audits, special reports, and training on regulatory updates. Mehdi has extensive experience in due diligence, macro process assessments, and control testing within Advisory. He also leads audit engagements for multinational subsidiaries of European and US companies under diverse reporting frameworks, contributing significantly to AML risk assessments, remediations, fraud investigations, and AML/CTF training initiatives.
