On May 27, the 7th annual International Insurance Conference was held in Luxembourg, where policymakers, regulators, and insurers from 40 different countries met to discuss the future of the insurance industry. This year’s theme was globalization, and sessions focused on how the industry has changed over the years, including new regulations, new technology, and evolving client needs. A variety of leaders in the field attended, including Marc Stevens, the CEO Managing Director of NPG Wealth Management.
An established life assurance specialist, NPG Wealth Management, led by executive board chair Thierry Porté, strives to use both action and insight to provide for clients’ needs. The International Insurance Conference, writes CEO Stevens, brought forward the need for all international insurance companies to embrace current difficulties and find new ways to provide for modern, mobile clients and the new intersections between regulation, technology, and client needs.
“As insurance leaders, it can be hard to step back and take in the bigger picture,” notes Stevens. “But the conference helped us to do just that. Of course it’s impossible to capture everything we learned, but if there is one mood I’d like to build on, it is the willingness to share know-how and expertise across borders and the commitment to turn that financial expertise into better outcomes for partners and clients.”
Conference speakers and topics included:
- Insurance Europe president Sergio Balbinot on global and regional regulatory developments
- Luxembourg finance minister Pierre Gramegna on the importance of European insurers as long-term investors
- Governor Dirk Kempthorne on the need to address the current pension crisis and how the insurance industry can help
- European Commission vice president Jyrki Katainen on the need for increased investment in Europe
- Henri de Castries, CEO and Chairman of Axa, on the difference between non-traditional insurance and non-insurance activities
- Inga Beale, CEO of Lloyd’s of London, on the negative effects of government restriction on insurance markets
Session transcripts and recordings are available here.