Insurance Services

FES is able to successfully develop almost any life assurance or non-life insurance product and we have a strong record of successful products in both categories. Within life assurance we have expertise in each of the main areas of business: Protection (i.e. life, health and disability), Investments (unit linked, guaranteed and other savings-based products) as well as Pensions.

In the Benelux countries we have earned a strong record for developing class leading products that have achieved outstanding success in the respective markets, especially in the field of protection products (notably mortgage term assurance products).

FES not only develops new products – we also have the skills to ensure that new products and ideas are successfully implemented.

One of the key features we have is that we operate with a wide range of entities within the broader insurance world, which allows us to implement underwriting, systems and distribution solutions that support the products we develop for our clients. It is our thorough understanding of the elements required for a product to be successful that is key to our reputation for success in the market.

The actuaries at FES have implemented (written the specs and oversaw the system development) for more than a dozen insurance applications.  We have system providers on the life and non-life side which we can and have used. 

We are expert at implementing system solutions that work, and which operate at a low economic cost per policy.

On both the life and non-life side, FES has found underwriting partners or underwriting capacity for multiple clients.

Our ability to find the right partner for our clients is a key calling card of our success. FES has contacts to all the major European reinsurance companies, and close contacts some of them, including Hannover Re (the 3rd largest reinsurer in the world).

Finding reinsurance capacity for our clients is a service that we often get involved in, but our relationships with reinsurers go far deeper than that.

When we start new projects at FES, get the right reinsurer on board is often one of the first steps we take. For our projects, the reinsurer provides a crucial role. Not only do they often provide the critical capacity to allow the business to be written, but they also provide base level pricing for the products we develop. Make sure that our base level pricing is competitive, is a key element for the success our products enjoy in the market.

FES is happy to have relationships with many of the leading reinsurance company in Europe, although our deepest relationships are with Hannover Re (where Peter has a relationship going back more than 30 years) and Ageas-Re (of which one of our partners, Jan Van Rethy, was the founding CEO).

FES has acted as a consultant or facilitator in the sale and purchase of insurance companies numerous times.  In the process, we have founded insurance companies for our own shareholders and for clients. 

We have found buyers for insurance companies which were for sale and we have participated in giving insurance companies a new lease on life by changing their strategic positioning and product focus/positioning. 

Transactions we have been intimately involved in include, inter alia the incorporation of Quantum Leben (Liechtenstein), the sale of Asco Life (now Patronale Life) (Belgium), the sale of Mobius Life (United Kingdom) and the sale of Robijn Leven (the Netherlands).

FES has considerable experience and expertise in arranging funding to cover acquisition costs for insurance operations. 

Our solution are straightforward, cost-efficient and have assisted many of our clients to grow their businesses without the need for capital injections.

FES has advised and assisted in the disposal of closed portfolios on behalf of clients.  Our solutions cover both life insurance and well as non-life insurance policy types. 

Our solutions range from finding the necessary partners for acquisitions, to managing the technical aspects involved with such transfers, and also includes, where necessary, ensuring the necessary regulatory approvals are obtained.

Because of our work, FES maintains professional relationships and/or access to most of the major reinsurance companies in Europe, a large number of life and non-life insurers, as well as a full spectrum of companies providing system solutions to insurance businesses.

We also know experts at audit and actuarial firms and are well-positioned to make crucial introductions when that is required by our clients.