Life insurers have created insurance products that meet the evolving needs of policyholders.
Unit-linked life insurance, and especially those products offered by insurance companies in Luxembourg, can be valuable tools for wealth planning and financial security. Part of the Luxembourg financial services Toolbox and offering a combination of life insurance coverage and investment options, they allow policyholders to protect their loved ones, grow assets over time and pass on wealth, all while preserving efficiency across borders.
In an increasingly demanding regulatory context, this book allows the reader to become familiar with topics such as obtaining a license to carry on an insurance activity, the distribution of insurance products, outsourcing and professional secrecy, the protection of personal data, and the fight against money laundering and terrorist financing.
The authors explain, with reference to a selection of countries - Luxembourg, France, Belgium, Italy, Portugal and the UK - how, from the Grand Duchy of Luxembourg, life insurers have created insurance products that meet the evolving needs of policyholders and ensure compatibility and efficiency in light of the technical requirements of each of the jurisdictions where policyholders and their families reside. Luxembourg rules grant policyholders optimal flexibility, certainty and legal security in the field of wealth planning and this has long contributed to the success of Luxembourg insurance in Europe and beyond.
Under the direction of: DE CUBBER David
David De Cubber is a lawyer in the Grand Duchy of Luxembourg and specialises in insurance and reinsurance and more generally on all legal, regulatory and contractual matters pertaining to insurance and banking industries on a local and cross-border basis. He has considerable experience in regulatory files aimed at obtaining an insurance/intermediaries license in Luxembourg.
He also has a extensive experience in the drafting and review of insurance, life insurance and wealth management products, as well as agreements with intermediaries and private clients. He also advises financial institutions, insurance companies, reinsurance companies and investment funds on a wide range of issues in relation to ESG, including compliance with the sustainability-related disclosures regulation in the financial services sector. David is the author of numerous articles relating to the insurance business in legal journals and books.
Authors: ALVARO Nicola, BENTO Sandra, BORDAGE Romain, CORNILLEAU Vincent,DETRAUX Isabelle, DE WAERSEGGER Pierre-Michaël, FINN Héléna, FLAMAND Thierry, GORBUTT Simon, GOUDEN Marc, HELD Thomas, HENGEN Marc, IGNACIO MONTALVO REBUELTA Carlos, KOPÉRA Valérie, MOUSEL Emmanuelle, PÉRIOT Sandrine, PRINZ Udo, ROUSSELLE Isadora, STEICHEN Jean-François, VANCROMBRUGGE Nicolaas, ZAMFIROIU Andrei
PART 1 Insurance regulation
Solvency II: a guided walk-through its past, present and future
The universe of life insurance distribution in Luxembourg: actors, interactions and practical inferences
Distribution of life insurance in and from Luxembourg: rules of conduct, organisational rules and more
Insurance secrecy in an outsourcing context – the subtle interplay between risks and opportunities
The life insurance industry still waiting for an explicit basis for legitimation of data processing
Navigating through the anti-money laundering and combat against terrorism financing environment – the ever growing challenge for life insurance companies
Environmental, Social and Governance Principles Non-Financial Reporting Directive European Taxonomy We’ve come a long way! What’s next to make Europe and the World green again?
Luxembourg regulations on unclaimed policies: feedback from an insurer and guidelines
PART 2 Unit-linked life insurance contracts and wealth planning
The unit-linked life insurance contract made in Luxembourg
The Luxembourg Life Insurance Policy from a Tax Perspective
The dedicated unit-linked life insurance contract under French law from a wealth management perspective
The Italian life insurance contract from a wealth planning perspective
The dedicated unit-linked life insurance contract (Branch 23) and unit-linked capitalisation bond (Branch 6) under Belgian law
The unit-linked life insurance contract under Portugal law from a wealth management perspective