Unit linked life assurance products

Background

This course is provided in English and French. Details in French are available on request.
The EU Third Life Directive gives a European passport to Life Assurance products authorised in one EU member allowing them to be sold in other EU countries.
Luxembourg for reasons of tax secrecy, geography etc. has been selected by many foreign companies as a base in which to set up pan-European Life Assurance operations, especially when Unit Linked or when there is a strong investment consideration with a wide choice of funds, including profiles with a guaranteed capital return.
To meet Luxembourg regulatory requirements, detailed processes and operations must be established to handle client data, money transfers, accounting and pricing and to control policy values.
This course provides a detailed overview of the operational areas and regulations, as well as the business venues that can arise via 3 modules -

- Review of the Life Cycle of a Unit Linked Policy with examples

- Consideration of the Regulatory and Business Issues Arising

- Legal & Regulatory Control Framework required

Delegates
Managers, Supervisors and employers in the back office of fund administrators and banks dealing with these products or considering entering this business activity.
Fund Accountants in Banks and Fund Administrators or Assurance companies administering unit-linked products
Transfer Agency Managers and Staff handling these products seeking a good overview
Auditors of Unit Linked Life Assurance operations
Delegates need at least 6 months' experience of work in at least one area in a Life Operation or Fund Administrators or Transfer Agency. Specify Unit Linked life assurance experience is not needed.