Pictet Asset Services (PAS), the Pictet Group’s business line covering every aspect of asset servicing, is continuing to develop the services it offers to insurers in Luxembourg by expanding its product offerings and specialist life insurance team.
This targeted proposition includes a wide range of services with streamlined account opening (within 48 hours), high-performance B2B connectivity, a tailored range of Lombard loans and a private assets custody solution that meets confidentiality and security requirements, for all types of insurance vehicles (external funds, dedicated internal funds, collective internal funds and specialised insurance funds).
This development is part of PAS’s commitment to becoming the go-to partner for Luxembourg insurers, drawing on its recognised expertise and long-standing relationship with the sector.
“We recognise insurers as fully-fledged clients and seek to build close partnerships based on tailored institutional services. This approach is written into Pictet’s DNA. Our commitment to providing an excellent service to our clients, rooted in our long tradition of private banking, plays a key role, particularly in a sophisticated and integrated B2B environment”
Claude-Joseph Pech, Equity Partner of the Pictet Group & Deputy CEO of PAS
Claude-Joseph Pech, Deputy CEO of Pictet Asset Services
For many years, Pictet has assisted insurers with wealth management and asset servicing by offering innovative, tailored solutions, whether by using insurance as part of estate planning for high-net-worth private clients, or by developing relationships of trust with third-party managers who act as management agents in insurance contracts.
Luxembourg has established itself as a key player in the international life insurance market, thanks to the strength of its “Triangle of Security”, which guarantees the protection of policyholders’ assets. Record figures for in-force life insurance and annual premiums attest to its success, even in a climate of geopolitical uncertainty: in 2025, premiums reached EUR 31.1 billion (up 16% year on year) and assets under administration rose to EUR 262.5 billion (up 8.5%)1. By strengthening its commitment to Luxembourg insurers, PAS aims to offer tailored, innovative and secure solutions, while remaining true to its mission of being a trusted partner dedicated to excellence and long-term wealth preservation.
In addition, the work of ACA (the professional association of Luxembourg insurers and reinsurers), together with recent changes to the provisions on Collective Internal Funds (CIFs), which have been approved by the Commissariat aux Assurances (CAA), are also helping to boost competitiveness and encourage the growth of this product in Europe.
