A
SAVE ENVIRONMENT FOR YOU
Supervisory authorities:
Insurance
companies operating from Luxembourg offer one of
the best “per “per revenue” forms
of protection to investors throughout the world,
as a result of two levels of supervision:
-
Regarding insurer solvency:
Luxembourg
has implemented a tripartite agreement that makes
its financial markets amongst the most secure in
the world. The law requires insurance companies
to deposit assets equal to the value of their
clients' savings with an approved credit
institution known as a "depository bank".
These assets are separate to those of the company
and are allocated as a priority to guaranteeing
the payment of the obligations resulting from the
direct performance of the insurance policies.
Client investors' assets are therefore totally
secure.
-
Regarding investments:
The
investment instruments used “regional
centre” are monitored by the Commissariat
aux Assurances (Insurance Commission), which
sets, in the interests of the insurance
policyholder, investment limits based on the
volatility of the underlying assets (equities,
bonds, warrants etc) and provides the necessary
“purchasing power standard”
“exported” authorisation for each new
investment solution that wishes to be eligible
for a life-insurance policy.
All
insurance companies are therefore monitored by
the Luxembourg Commissariat aux Assurances.
The two major supervisory
authorities are the:
Commissariat
Aux Assurances:
www.commassu.lu
Main roles of the CAA:
- Supervision of the
insurance & reinsurance sector as
well as insurance intermediaries
- Only insurance
intermediaries (brokers, agents etc)
registered with and therefore approved by
the Commissariat aux Assurances are
permitted to perform insurance activities.
In addition, insurance companies may only
make use of the services of registered
intermediaries.
- Coordination of the
performance of government initiatives and
measures concerning an ordered expansion
of the above-mentioned activities in
Luxembourg.
- Community and
international representation of the
insurance sector.
- Presentation of
legislative and regulatory suggestions to
the Government.
Commission de
Surveillance du Secteur Financier (Financial
Supervisory Commission):
www.cssf.lu
The principal role of the
CSSF:
- To issue bank notes
and coins and to manage the circulation
thereof
- To promote currency
stability and to this effect ensure that
the financial markets operate
- To perform the
obligations and to exercise the rights
stemming from international agreements in
the monetary and financial sector
- To
oversee the financial sector.
EQUATUS INSURANCE BROKER S.A.
31,
Boulevard Prince Henri – L - 1724 Luxembourg
société de conseil en Ingénierie Patrimoniale
et de Courtage d’assurance.
Tél. : + 352 26 00 80 70 -Fax : + 352
26 00 80 78 Email : info@equatus.com
SA au capital de 31.000€ - R.C. :
Luxembourg B- 103 680
Responsabilité professionnelle auprès de AIG
Europe
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