Navigating the COVID-19 pandemic calls for outlining possible scenarios on how the financial statements of (re)insurance companies will be impacted. Depending on the nature of the business and the types of products in investment portfolios, companies may face increased mortality rates, economic contraction, slowing business activity, falling equity markets and …
Corporate Secretary is a role commonly integrated in the Anglo-Saxon corporate culture. In continental Europe, it’s often seen as an administrative support function only. However, societal expectations, regulatory pressure and court decisions are drastically changing the perception of the corporate secretary, which is becoming a key element for organisations’ success. …
Luxembourg’s leading position in the fund industry worldwide demands that the country also be a reference in fund governance. The more oversight is robust and investors are protected, the more its influence in the industry will grow. Governance is more important than ever because the pace of change seen in …
Necessity being the mother of (re)invention, the COVID-19 pandemic is both a start and stop button of lockdowns and the trigger for an (almost) dramatic acceleration of digital transformation. We’ve witnessed major changes in the way we work, particularly with the generalisation, at least momentaneous, of home-based work. However, other …
Presque un an après le début d’une épidémie et d’une crise économique sans précédent, c’est en direction des plus bas revenus que le gouvernement luxembourgeois a décidé d’agir. En effet, avec une revalorisation de 2,8% du salaire social minimum, ce sont plus de 60 000 salariés qui verront leur salaire …
IMPORTANT: The Social Parameters have been updated. Read our PwC Flash to learn about the new applicable social parameters from 1 April 2022. Nearly one year after the beginning of the COVID-19 pandemic –unheard-of by most of us– followed by an economic crisis, the Luxembourg government has decided to focus …
When doing true content marketing a business adopts the freemium business model. Have you realised that? Yes, even in the financial services industry. Read through and discover why. But in this article we want to move beyond content strategy matters like the one just stated, and have a look at …
Christmas is upon us, and we’re all ready for a nice family time, likely more intimate and quiet, in this very particular year. The COVID-19 pandemic turned our lives upside down for almost one year now and it was a wake-up call that will be hard to forget. And many …
In a previous blog entry, Armin explained why Customer-centricity is at the core of business strategy for successful transformation. In this article, we would like to focus on tactics to co-create value with customers. Companies have long seen consumers as passive target audiences for what they create. Porter’s value chain …
In this article we discuss potential implications of the COVID-19 pandemic on the best estimate assumptions and capital modeling under solvency II for life insurers. The observations are more applicable to life insurers but can also be relevant for reinsurance. Our conclusions are based on our experience on the insurance …
