Can you introduce us to OneLife?
For more than 30 years, OneLife has been developing cross-border life insurance solutions for high net worth clients across Europe.
In an increasingly complex world where it is difficult to navigate the multitude of legal and financial information available alone, our clients seek the informed advice and personalized support that only senior wealth advisors can provide. As an insurer, our role is to support these advisers in defining innovative and personalized solutions thanks to a team of international experts, and to offer a range of technical and financial solutions that allow them to configure a unique solution for each client. Thus, we actively help our wealth advisor partners to support their European clients in the management and transmission of their wealth, with flexibility, security and efficiency.
As a member of the APICIL Group, we cover 8 markets in Europe under the Free Provision of Services regime (Belgium, Denmark, Spain, Finland, France, Luxembourg, Portugal and Sweden) and we manage 9,000 million euros in assets thanks to 150 employees of 20 nationalities different. In 2022 we collected more than 1,400 million euros in premiums.
What are your customers looking for?
Today, wealth management advisors face a diversity of client profiles whose objective is to protect their families, optimize their investments, safeguard their capital, manage “cross border” or plan their retirement with peace of mind. Our challenge is to provide relevant solutions to meet all these needs.
Our specificity, as a Luxembourg insurer, is to be able to help anyone who wishes to settle abroad for both personal and professional reasons. Luxembourg’s tax neutrality makes our solutions portable across Europe. Our cross-border and adapted solutions thanks to our team of heritage engineers simplify the expatriation of workers, but also of retirees. In this way, we provide them with a sustainable and compatible tool, to allow the achievement of the expected heritage objectives.
On the other hand, our status as a Luxembourg insurer allows us to offer a broad, distinctive and competitive investment offer, which includes multi-currency international supports or even non-traditional assets (European real estate, private equity, etc.), which can be especially interesting for everyone. those who wish to diversify their portfolio.
In addition, we have agreements with more than 90 custodian banks in Europe and with nearly 300 management companies around the world, which allows our clients to choose where they will deposit their assets and who will manage them.
What are the challenges in your field of activity?
In an internationally oriented context, the main challenge is support and education around the need to think carefully about planning to allow the client to protect their assets, but also their beneficiaries, whatever their life project. We also want to break the myths around Luxembourg. Luxembourg life insurance contracts are designed to comply with international legal and tax standards and offer the possibility of real cross-border management of policyholders’ assets, in full compliance, so to speak. Thus, our cross-border solutions adapt to the lives of our clients and not the other way around, allowing us to glimpse their future and their mobility in a serene and efficient way.
The second challenge is the digitization of the financial industry, particularly life insurance in Luxembourg. Today, we are actively working to simplify and streamline our processes and further improve the customer experience. By 2024, our goal is to offer a complete digital journey with fully automated flows leveraging the strengths of APICIL Group’s already proven digital tool.
What are the values of your company?
Through our values of excellence, attention and trust, we mobilize our experience to build personalized wealth solutions for the benefit of our clients in accordance with their life plan and geographic roaming. The diversity of our clients’ walks of life compels us to think internationally boldly and creatively.
This content was produced with SCRIBEO. The BFMBUSINESS editorial team was not involved in the production of this content.
Source: BFM TV
