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L’actuaire à l’étranger. Nicolas ROSSKOPF

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Presentation on theme: "L’actuaire à l’étranger. Nicolas ROSSKOPF"— Presentation transcript:

1 L’actuaire à l’étranger. Nicolas ROSSKOPF

2 Agenda Company Overview Legal environment in Luxemburg Actuarials

3 Strategy & Company Overview NPG's Markets
NPG targets highly affluent individuals (HAIs) and high net worth individuals (HNWIs) in Western and Northern Europe Geographical Coverage Target Customers Unbundled Products2) Net assets: € 5-30m HNWIs Bundled Products1) Net assets: € 2-5m HAIs Mass market 1) Bundled Product: Standardized product with fund managers and investment options selected by NPG and managed within unit-linked life insurance policies 2) Unbundled Product: Bespoke product with broader range of assets (incl. hedge funds, private equity) selected by the client or fund manager and managed within dedicated life insurance policies. Wealth management solutions and financial planning Only wealth management solutions Headquarter in Luxembourg Confidential

4 Strategy & Company Overview Positioning of NPG
NPG targets a specific, profitable niche in the European Wealth Management landscape …cross-border solutions principally in Europe 1. 4. NPG provides… using investment-based life insurance products to the HAI segment and upwards 2. 5. with minimal residual guarantees via independent distribution. 3. 6. Confidential 4

5 2009 Financial Results of my group
In 2009, NPG profited from strong sales and recovering financial markets Market Environment The Wealth Management Business largely recovered in 2009 after the financial crisis. NPG's fees are partly linked to Assets under Management. The Group therefore profited from the recovery in equity markets. New Business New sales performed well in 2009. NPG diversified its business Key Figures At the end of the year, NPG managed client assets of € 6.1bn (+ 12%). 5

6 2009 Preliminary Financial Results Client Assets
In 2009, NPG's client assets grew by 12% (€ bn) 7.0 + 19% + 33% + 12% 6.1 6.0 5.0 4.0 ATP BDA: 0.3 ATP LUX: 0.4 CUIL: 0.6 3.0 2.0 (€ m) Wealth Management: 4,314 UKWM: 1,584 FINB: 200 PEL: 2.9 1.0 6

7 Agenda Company Overview Legal environment in Luxemburg Actuarials

8 Legal reporting :

9 Legal reporting :

10 Agenda Company Overview Legal environment in Luxemburg Actuarials

11 Moses : beaucoup de sociétés à gérer.

12 Currencies : Risque de change à gérer.
Altraplan Assurance Currency conversion rates Balance sheet : Red = Fixed rate (based on Euro closing rates) Profit & loss: Blue = Variable rate As at 30 June 2008 SUN GLOBUS (*) (/) USD (BM1) BM1 EUR (LU1) LU1 Period USD EURO ATS Austria = 0,114545 8,730222 0,072673 13,760300 AUD Australia 0,959417 1,042300 0,609236 1,641400 BEF Belgium 0,039072 25,593650 0,024789 40,339900 BMD Bermuda 1,000000 0,634450 1,576168 CAD Canada 0,985804 1,014400 0,625586 1,598500 CHF Swiss Francs 0,981740 1,018600 0,623053 1,605000 CZK Czech Koruna 0,065902 15,174000 0,041812 23,916800 DEM Germany 0,805882 1,240876 0,511292 1,955830 DKK Denmark 0,211260 4,733500 0,134086 7,457900 ESP Spain 0,009473 105,563598 0,006010 166,386000 EUR Europe FIM Finland 0,265092 3,772268 0,168188 5,945730 FRF France 0,240285 4,161719 0,152449 6,559570 GBP Britain 1,991040 0,502250 1,263344 0,791550 HKD Hong Kong 0,128240 7,797900 0,081387 12,286900 I000 Italian lira 1000 0,814023 1,228467 0,516457 1,936270 IEP Ireland 2,001321 0,499670 1,269738 0,787564 ITL Italian lira 0,000814 1.228,466502 0,000516 1.936,270000 JPY Japan 0,009433 106,015000 0,005988 166,990000 LTL Lithuania 0,456329 2,191400 0,289589 3,453170 LUF Luxembourg NLG Netherlands 0,715234 1,398144 0,453780 2,203710 NOK Norway 0,196313 5,093900 0,124632 8,023600 NZD New Zeland dollars 0,761035 1,314000 0,483092 2,070000 PTE Portugal 0,007862 127,195805 0,004988 200,482000 SEK Sweden 0,166246 6,015200 0,105505 9,478200 US of America XEU CEE ZAR South Africa 0,127733 7,828800 0,081053 12,337600

13 Tables de mortalité : Beaucoup de tables différentes
Private Estate Life - MoSes Application - Mortality tables Directory C:\moses\NPGWM\2009Q4\tables\In_Force\ Filename C:\moses\NPGWM\2009Q4\tables\In_Force\Mortality Tables.xls Save Table? Description Date saved MK Y * Belgian MK Mortality tablke (Males) 4/10/ :08 FK * Belgian FK Mortality tablke (Females) gbm7680 * Gbm 7680 Base Females - Ultimate Rates gbm8085 * Gbm 8085 Base Females gbm8590 * Gbm 8590 Base Males 4/10/ :09 gbm9095 * Table Gbm 9095 Base Table gbv7680 * Gbv 7680 Base Females - Ultimate Rates gbv8085 * Gbv 8085 Base Females - Ultimate Rates gbv8590 * Gbv 8590 Base Males - Ultimate Rates gbv9095 * Table Gbv 9095 Base Table - Ultimate Rates G82M * Danish Mortality Table G82 Male G82F * Danish Mortality Table G82 Female T84M * CUIL Mortality Table T84 Male T84F * CUIL Mortality Table T84 Female


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