Luxembourg actively seeks to develop its insurance and reinsurance industry. The country’s substantial banking and funds businesses reinforce this policy by helping to provide an infrastructure of legal, accounting and other professional services. In addition, Luxembourg’s geographic situation and the linguistic ability of its workforce make it an ideal location for international insurance business.
Many different skills are required to address the variety of challenges faced by both new and established insurance and reinsurance companies: defining a business and distribution strategy, obtaining regulatory authorisation, selecting and implementing an IT system, using the internet, minimising costs. The management of these challenges creates a unique set of pressures particularly in the light of the financial crisis, intense competition, scarcity of resources and increasing regulatory requirements and expectations.
As a leading professional services firm in the Luxembourg insurance sector, KPMG offers advice to insurance and reinsurance companies based on our long-established knowledge of the industry and our understanding of our clients’ business activities and strategic goals. We have the capability, the people and resources, knowledge and expertise to deliver solutions to the significant challenges being faced by the insurance sector today.