Lombard and Accenture’s analysis of life assurance in Europe

By Evelyn Howat
Lombard International Assurance has announced it will be partnering with Accenture to conduct a first of its kind review of the wealth assurance industr...

Luxembourg-based Lombard International Assurance is a wealth and succession planning solutions for high net worth individuals, families and institutions and is a European leader in the services it provides. This week, the firm announced that it will be joining forced with Accenture to launch a pan-European analysis of unit-linked life insurance, which is also known as wealth assurance.

Providing portability, flexibility, asset diversification and protection, Wealth assurance solutions are progressively being used by wealth and succession planning professionals across Europe.

The review is described to be “the first of its kind”, wealth management professionals such as independent wealth and financial advisers, private bankers, insurance brokers, family offices and asset managers are invited to anonymously contribute. It will cover professionals based in the UK, Belgium, Finland, France, Germany, Italy, Luxembourg, Norway, Portugal, Spain, Sweden, and Switzerland.

“We are excited to be partnering with Accenture to launch this first of its kind analysis of the market,” commented Jurgen Vanhoenacker, Executive Director, Sales and Wealth Structuring at Lombard International Assurance. “Unit-linked life insurance is an increasingly recognised wealth and succession planning tool, and, as the European leader, we are keen to understand the thoughts, views and perceptions of professional advisers.”

The review’s goal is to create a broad viewed analysis by investigating the insights received. These observations will provide a valuable scope into how present and future insurance-based wealth planning solutions are perceived across Europe.

“The results of this survey will help the wider industry better serve the needs of partners and their clients to ensure we continue to innovate and support clients to protect, preserve and pass on their wealth and legacy to future generations,” Vanhoenacker continues. “It will be particularly interesting to examine these results in the context of the recent Covid-19 pandemic and how that will shape the future of transacting business across Europe.”

Results and key findings will be released in a summarised report in Q4 2020.

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