Insurance

Identifying the opportunities within the regulatory agenda!
The insurance industry has been going through unprecedented regulatory changes in the recent years, and the regulatory agenda remains robust for the foreseeable future, with over 90% of Insurance CEOs worldwide seeing over-regulation as the main threat to future growth.

Increased compliance costs are today's reality for insurers and reinsurers, and those that will thrive to leverage now upon these changes to rethink their organisation, transform their operations and review their strategy will be tomorrow's front runners.

Embedding the compliance function in the future into the strategic thinking is more than ever key to gain the critical edge and competitive advantage.

How we can help

PwC Luxembourg helps its clients to navigate through all regulatory challenges impacting the insurance and reinsurance industry today.

Thanks to its dedicated team of multi-disciplinary industry specialists, including former practitioners, our insurance regulatory practice will partner with you to make the most of the regulatory agenda, ensure each and every aspect of your internal projects delivers value beyond mere compliance.

Particularly, our extensive experience of the Luxembourgish market's specificities has enabled us to develop a sound expertise and in-depth knowledge of the cross-border business challenges.

Regulatory watch

PwC Luxembourg maintains a constant and detailed analysis of the regulatory agenda at local and EU-level, as well as worldwide level through its active participation in the global PwC financial services regulatory network. Our business oriented analysis of new regulatory developments aims at bringing you with the most relevant insights about the changing environment and its impact on your business.

Your challenges today:

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Setup / Relocation / Licencing

We can provide assistance  at every step of your licensing application to ensure a quick, efficient and cost-controlled project, delivered according to your constraints and timeline.

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Operations / Transformation

We help you to cover all key and relevant regulatory-related aspects of your business performance review and revamping  operational and digitalisation projects or any project aiming at driving an increased profitability and enhanced customer experience. From outsourcing strategy to operations compliance, we'll assist you in maximising the regulatory constraints.

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Investments

Making the most of the wide investment range allowed by the Luxembourg insurance laws and regulations, to serve the needs of increasingly demanding customers, requires a top-notch knowledge of the applicable requirements in each jurisdiction where you market and sell your products.

From plain vanilla to non-standard assets (unquoted, private equity), PwC can provide you with the necessary tools and support to understand and master both the technical and governance aspects of each and every type of investment for a successful setup and execution.

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Product development

We support you in expanding new products or services and placing them into existing or new markets. Ensuring local markets compliance of new and existing products is paramount to limit your distribution and misselling risk.

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Contact us

Olivier Carré

Regulatory & Compliance Advisory Services Leader, PwC Luxembourg

Tel: +352 49 48 48 4174

Claude Jacoby

Partner, Insurance, assurance and regulatory services, PwC Luxembourg

Tel: +352 49 48 48 2114

Anthony Dault

Insurance Partner, PwC Luxembourg

Tel: +352 49 48 48 2380

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