APCAL News

Periodic report on IBIPs: what you really need to know!
Insurance-Based Investment Products (IBIPs) are at the heart of transparency and compliance issues for insurance intermediaries. In an ever-changing regulatory environment, do you really know what the periodic reporting obligation entails?
In this article, Paula Leite, Managing Partner at VINCEO Solutions, explains why this report is not just a regulatory constraint, but also an opportunity to strengthen your customer relationship.

The insolvency of FWU Life Insurance Luxembourg S.A. highlights the robustness of the Luxembourg regulatory framework, particularly through the effectiveness of the ‘security triangle’ in protecting policyholders. The measures taken by the Insurance Commission and the court ensure that client claims are prioritized in the face of the insurer’s financial difficulties.

The adoption of specialized management solutions has become essential for insurance brokers, faced with increasingly stringent regulations and growing competition. They need to choose tools that not only ensure compliance but also optimize brokers’ internal processes allowing them to focus on their core business. By integrating these solutions, brokers can boost their competitiveness, while insuring better customer relationship management and continuous adaptation to market changes.