Luxembourg, December 30th 2019 – The acquisition of GB Life Luxembourg S.A. by Foyer S.A. has been finalized today.
Pieter Coopmans, CEO of GB Life Luxembourg declares: “I am pleased to announce that GB Life Luxembourg is officially part of Foyer Group. Being part of such a renowned and stable group will strengthen our positioning towards business partners and clients while enhancing the execution of our commercial strategy. We will continue to make life insurance easier for our partners and clients.”
Marc Lauer, CEO Of Foyer Group says: “This closing seals the purchase of GB Life Luxembourg by Foyer S.A. We are convinced that this acquisition will continue to strengthen the Group’s international life insurance activities as an asset management instrument”
The stable and financially solid ownership structure of Foyer Group, along with its strong presence in the European market, allows us to further improve our solutions and the quality of our services.
Luxembourg, August 29th 2019 – GB Life Luxembourg S.A. announces that an agreement to be acquired by Foyer S.A. has been signed. The transaction is subject to regulatory approval by the “Commissariat aux Assurances.” GB Life Luxembourg has been offering life insurance solutions across Europe for over 25 years. In recent years it has reinvented its business model anticipating the trends in the international life insurance industry:
- Launching ePlatinum: a 100% digital life insurance solution, transparent and performant;
- Implementing eConnect: a state-of-the-art digital platform for partners and clients;
- Introducing integrated partnerships: co-designing solutions and services with insurance intermediaries and financial institutions.
Going forward, GB Life Luxembourg will continue to make life insurance easier for partners and clients. Its unique business approach in the affluent client segment adds a new pillar to the existing cross-border life activities of Foyer Group.
Pieter Coopmans, GB Life’s CEO, states:
“The acquisition by Foyer Group offers a great opportunity for GB Life and its partners and clients. We will benefit from their experience, stability and strong market presence enhancing the execution of our commercial strategy.”
Press contact – GB Life Luxembourg
(+352) 27 05 95 22
About GB Life Luxembourg
GB Life Luxembourg S.A. is a leading cross-border life insurance company, providing innovative solutions across Europe. For over 25 years, the company has been partnering with renowned banks, insurance brokers and financial advisors to make life insurance easier.
Created in 1922, Foyer S.A is a leading financial player in Luxembourg. Its solidity lies in the strength of its shareholder base, but also in the work of its 800 employees in three countries and its 635 agents in Luxembourg. Leader of the local life and non-life insurance market, Foyer is active in several European countries through three business lines: insurance, benefit protection insurance and wealth management. Its extended range of products is aimed at individuals, professionals and companies to whom it offers high-end and innovative services. Concerned about its corporate social responsibility, Foyer Group has also been involved in general interest and social partnership projects for many years.
GB Life Luxembourg launches ePlatinum, a brand-new solution that is 100% digital and simplifies the life insurance processes.
ePlatinum is designed to make life insurance easier, inspired by our partners’ and clients’ needs. It is a unit-linked solution integrated on our digital platform allowing the policyholder to benefit from the performance of the financial market. It is 100% digital from the subscription until the end of the contract, allowing the use of digital signature and automated workflows that avoid processing delays which can impact the partner and the customer experience.
Unlike the traditional approach, ePlatinum offers only the best performing funds in the market with institutional and clean share classes. This reduces the overall cost to the customers so they can obtain higher return over a longer period.
“At GB Life, we want to make life insurance easier. With the new end-to-end digital platform, we use that to sit down with our clients and partners to redesign the value chain and to really make sure we answer all their needs.” said Pieter Coopmans, CEO of GB Life Luxembourg. “With this new platform we manage to introduce new digital tools that really make their life easier.”
ePlatinum is currently available for Belgian and Italian residents. For more information you can contact firstname.lastname@example.org.
Pieter Coopmans, Chief Executive Officer, and the Management Team of the company are delighted to publish our Solvency and Financial Condition Report for 2018. This report allows our clients, business partners and stakeholders to be informed of the performance and main accomplishments of the company in 2018.
The Report has been prepared as required by Articles 51 to 56 of the Solvency II Directive (2009/138/EC) as amended by the Directive 2014/14/EU (the “Directive”) and Articles 290 to 302 of the Delegated Regulation 2015/35 (the “Delegated Regulation” or “DR”). It has been developed in accordance with the Solvency II Regulations governing insurance group reporting, and is solely intended to fulfil the requirements thereof.
“Insurtech, Fintech, they are the Future and customers and distribution partners will like them.” Is it the Future?
This is reality and available today at GB Life! And indeed, our customers and distribution partners use them already and like them. At GB Life Luxembourg Life, the digital signature for subscriptions, switches and other operations on life insurance contracts is used and provides a great customer experience! Fast, digital processing clearly increases efficiency and customer satisfaction.
We thank our digital pioneers, and Ronald Joosten and Jose Bustillo in particular, for this fully digital process. At GB Life we make life insurance easier!
Eager for more information? Follow us on LinkedIn.
We put all the necessary resources in place to build and maintain our partnerships
How do we build solid partnerships? We involve all the necessary resources, working in the different departments, and listen to the specific needs of our business partners personally.
Sometimes we receive requests, perhaps on matters that are not within our competence or in our standard way of working, which require further clarifications and details. The most effective way to understand them is to meet the applicant in person and ask for support from someone who has the right expertise about the subject.
At GB Life we use the same approach but in a more zealous way: we periodically organize mini road shows to meet our partners, involving the right specialists to listen to the specific problems and requests, analyse them and discuss possible solutions together.
Following the latest mini roadshow, our Head of legal, Nicoleta Glodean, reported: “the open discussion we had with our counterparties allowed us to immediately identify the opportunities to develop a win-win solution” .
Nicola Troilo, from the Marketing department added: “the interesting interactions demonstrated how important those meetings are to understand our business partner’s needs. A successful business relationship is based 20% on administration topics (products, documentation, etc), 30% on client servicing and 50% on interactions between the 2 actors”.
The business partner’s Head of Client stated: “talking directly to Daniela Panaccia, the Head of Client Service, herself allowed us to explain clearly and in detail what we were expecting from them.
By bringing together people who speak the same language, counterparties who understand the most intrinsic aspects and details, we establish a relationship of trust and mutual understanding. A simple, effective and efficient way to build partnership.
Contact us to learn more about the advantages of establishing integrated partnership with us.
GB Life Luxembourg’s CEO, Pieter Coopmans, announces the appointment of Marc Stevens as Chief Marketing and Distribution Officer.
International Life Insurance is transforming fast: customer expectations, regulatory changes and technology developments are influencing the business models of distributors and insurance companies. GB Life Luxembourg’s vision is to make life insurance easier for partners and customers in this challenging environment. In this context, Marc Stevens’ appointment is another important step in delivering on this vision and accelerates the execution of GB Life Luxembourg’s growth strategy.
Marc Stevens has a long-standing international experience in the insurance industry. He has held various positions during his career, in particular as Sales and Marketing Manager for Ohra Leven/Delta Lloyd Life in Belgium, as General Manager of Vitis Life and most recently as CEO of OneLife Luxembourg.
“We are pleased to welcome Marc Stevens as a member of our Management Team. His experience in the cross-border life insurance business, specifically in our core markets, will support our growth ambition. With his track record in marketing, communication and digitalization he will play an important role in executing our new strategy”, stated Pieter Coopmans, CEO of GB Life Luxembourg.
The GB Life charity team is pleased to launch various fund-raising events. On this occasion, we are proud to support Movember.
We are doing this multinational charity aiming to raise awareness and money for men’s health focusing on prostate cancer, testicular cancer, mental health and suicide prevention.
Our team took part by growing their Moustache, and doing the Move this Movember challenge.
Join our movement by visiting our Mo space and donate.
Movember is the only charity tackling men’s health on a global scale, year round. They are addressing some of the biggest health issues faced by men: prostate cancer, testicular cancer, and mental health and suicide prevention.
Why men’s health?
The state of men’s health is in a crisis. Simply put, men are dying too young.
Gender is one of the strongest and most consistent predictors of health and life expectancy. For men, this is not good news. On average, across the world, men die 6 years earlier than women.
Moreover, suicide affects men more than women: three quarters of suicides are by men. The World Health Organisation estimates that 510,000 men die from suicide globally each year. That’s one every minute.
Learn more about Movember here
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GB Life Luxembourg’s Chief Legal and Compliance Officer (CLCO), Gaëlle Leclaire, is pleased to announce the appointment of Nicoleta Glodean as Head of Legal.
In line with the company’s growth strategy which includes attracting new talents, Mrs. Glodean will contribute to achieving the company objectives by bringing more than 10 years of experience in the Legal department of a well-known company in Luxembourg with her.
CLCO, Gaëlle Leclaire, said: “I am delighted that Nicoleta Glodean joins GB Life Luxembourg. Nicoleta will play a leading role in the company as she will manage the Legal team and will be the main representative of the company in all communication with the regulators in our core markets. She will support the company’s wealth management activity with legal and tax advice while ensuring delivery on regulatory projects.”
Mrs. Glodean (Romanian, 39 years old) graduated with a Master degree in International Private Law and International Commerce and another Master in International Administration from the Université Paris I Pantheon Sorbonne.
The GDPR – the Europe’s General Data Protection Regulation – has entered into force on May 25th 2018. You have probably already heard about it.
What is it?
The GDPR is a European regulation that aims to give citizens more control over their personal data, to make companies more responsible and to reinforce the role of local data protection authorities. The GDPR will apply directly in all member states to any organisation processing personal data, whether from its customers, its employees or even its service providers. It will update and modernise the previous rules in force dating back to 1995, as a result of globalisation and the emergence of new technologies over the last 20 years.
What does it mean for you?
Your privacy is very important to us. Our aim is to process your personal data in a manner that is lawful, appropriate and transparent. In our Privacy Notice, we explain which of your personal details we collect from you as a natural person, how they are processed and the purposes for which GB Life Luxembourg uses those data. The Privacy Notice also contains more information about your privacy rights and how you can exercise them. To know more about the Luxembourgish privacy legislation on the website of the Luxembourgish Data Protection Authority (CNPD), please visit www.cnpd.public.lu.