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Foyer Group joins the Leadership Circle of the LHoFT

The Luxembourg House of Financial Technology (LHoFT) is excited to announce its partnership with Foyer Group, a leader in the Luxembourg insurance market.

Foyer Group joins the ten other distinguished members of the LHoFT's Leadership Circle: BGL BNP Paribas, Clearstream (Deutsche Börse Group), BCEE, Deloitte Digital, KPMG, POST Luxembourg, Six Payment Services, PwC, Société Générale and Telindus (Proximus Group).

Nasir Zubairi, CEO of the LHoFT comments, “We collaborate with our Leadership Circle partners on a strategic level to drive financial technology innovation in their respective fields and in their businesses. We are very excited to welcome Foyer Group into the Circle and we are looking forward to working with them on key Insurtech initiatives."

Marc Lauer, Managing Director of Foyer S.A. adds, “Next to quality, innovation has undoubtedly become a must for the insurance business. At Foyer Group, we wish to encourage innovation and creativity, to continue answering the needs of our clients with the best service. We are very pleased to be the insurance member of the LHoFT and we are confident that this partnership will make Insurtech grow in Luxembourg."

Insurtech, as a subset of Fintech, is drawing increasing attention in the way it can transform customer experiences and reduce costs for both firms and the customer. Cost reductions in distribution along with access to new and more precise data are leading to the development of new insurance products in niche markets that were previously cost prohibitive. Venture capital investments into InsurTech increased by +156% over the last year with $4.74 billion invested in InsurTech worldwide. (source: http://insuretechconnect.com )

The LHoFT Innovation Hub has taken up temporary residence at the House of Entrepreneurship in Kirchberg, with a view to move to a new showcase facility in 2018. The Innovation Hub can host Fintech startups in dedicated offices and help them to cement themselves in the Luxembourg ecosystem, connecting them with potential partners, customers and service providers, as well as helping them navigate through administration and set up. The LHoFT Innovation Hub serves as a focal point for all stakeholders in the financial services community to meet, learn, ideate and create.

Background

The LHoFT Foundation is a public - private sector initiative that drives technology innovation for Luxembourg's Financial Services industry, connecting the domestic and international FinTech community to develop solutions that shape the world of tomorrow. The other partners of the LHoFT initiative are Chamber of Commerce, the City of Luxembourg and the University of Luxembourg, and the initiative is supported by the Ministry of Finance, Ministry of Economy and Ministry of State.

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Foyer Assurances
Foyer Assurances 12 rue Léon Laval
L-3372 Leudelange
Tel. : 437 437

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