Continuous training, a pillar of resilience and transformation in the insurance sector

At the end of 2022, the non-life insurance sector experienced exceptional growth, with an increase of over 17% in just one year. However, the life insurance industry is facing complex challenges on an international scale, recording a decrease of 16% over the same period.

Discover the House Of Training video featuring expert Sarah Hartmann, Legal Advisor at ACA, highlighting the importance of continuous professional training to maintain a high level of skills required by regulatory frameworks and innovation.

The leverage of continuous professional training

Continuous professional training proves essential in addressing the challenges of the sector, related to economic conditions and talent shortage. It allows employees in the sector to develop both their technical skills and their understanding of regulatory changes, as well as their cross-functional skills, essential for maintaining innovation in the insurance sector.

Diversification, a major characteristic

Luxembourgish insurance companies are also highly active internationally, offering a wide range of products and services to a global clientele. This geographical diversification enables Luxembourgish insurers to better manage risks and seize growth opportunities in various markets, thus strengthening the resilience and robustness of the sector in an ever-changing global economic environment.

The importance of innovation

Innovation also holds paramount importance for the insurance sector in Luxembourg. With the digital transition, the sector aims to enhance its operational efficiency, personalize insurance products, and better serve customers. This culture of innovation enables the sector to remain competitive on the international stage and anticipate the changing needs of consumers.