Optimisation of investment-linked life insurance
Basel, 17 December 2019. As part of its Simply Safe strategic phase, Baloise is leveraging synergies in the investment-linked life insurance business. Administrative and regulatory processes are being transferred from Baloise Life Liechtenstein AG to the Luxembourg-based centre of competence for this business. Following this portfolio transfer, Liechtenstein will have a greater focus on the sale of innovative insurance solutions in nearby European countries going forward.
The optimisation measures involve transferring the investment-linked life insurance portfolios to Baloise in Luxembourg, although some will be transferred to Switzerland. Integration of the portfolios is scheduled to take place during the first half of 2020. The portfolios of Baloise Life Liechtenstein AG are to be integrated into a new branch of Bâloise Vie Luxembourg that will be established in the Principality of Liechtenstein. This will particularly help to improve processes for financial closing, reporting and governance. Luxembourg has been Baloise's European centre of competence for investment-linked life insurance since 2013.
Baloise will continue to have a local presence in Liechtenstein, in future focusing more on the sale of investment-linked life insurance in nearby European countries.
The general agent of Basler Versicherungen in Vaduz, which mainly operates the non-life insurance portfolio in Liechtenstein, is not affected by the portfolio transfer.
Further information
- Media information at www.baloise.com
Contact
Baloise Group, Aeschengraben 21, 4002 Basel, Switzerland
Website: www.baloise.com
Email: media.relations@baloise.com / investor.relations@baloise.com
Media Relations: Tel: +41 (0)58 285 8214
Investor Relations: Tel: +41 (0)58 285 8181
Data protection
We take data protection very seriously at Baloise. Following the implementation of the new data protection legislation, we would like to inform you that we maintain your contact details (provided by you or publicly accessible) in our database in order to be able to send you our media releases. Should you wish to unsubscribe from the newsletter, please click on the link at the end of this media release. Your data will then be deleted from our database.
Provider | Channel | Contact | ||
---|---|---|---|---|
Tensid EQS Ltd., Switzerland www.tensid.ch |
newsbox.ch www.newsbox.ch |
Provider/Channel related enquiries marco@tensid.ch +41 41 763 00 50 |