Corporate Governance
Financial Reports and Corporate Commitments
Solvency and Financial Condition report
The Solvency and Financial Condition report aims to give the general public an overview of the insurance company's financial condition covering business performance, the adequacy of its risk profile and ad description of the capital management among others.
SRDR and Principle adverse impacts
1) Global overview
Regulation (EU) 2019/2088 on sustainability-related disclosures in the financial services sector (SRDR) was published in the EU Official Journal on Dec. 9, 2019.
The SRDR is the European regulation that lays down harmonized rules for financial market participants (e.g., insurers providing savings insurance products) and financial advisers (e.g., an insurance intermediary providing insurance advice with regard to savings insurance products) on transparency with regard to
- (a) the integration of sustainability risks (meaning an environmental, social or governance event or condition that, if it occurs, could cause an actual or a potential material negative impact on the value of the investment) and the consideration of adverse sustainability impacts in their investment decisions-making processes; and
- (b) the provision of sustainability‐related information with respect to financial products.
For further details please click on the following link.
2) No consideration of adverse impacts of investment decisions on sustainability factors
For more details on how we deal with Principle Adverse Impacts please click on the following link.
Shareholder Rights Directive II
The Shareholder Rights Directive 2017/828 (SRD II) amends Directive 2007/36 (SRD I) and promotes long-term shareholder engagement and enhances the transparency between EU-listed companies and their investors. Zurich Eurolife S.A. is an institutional investor in various EU markets and complies with the requirements set out in the Directive.
For further details please click on the following link.
Integrity Concerns and Whistleblowing
Zurich Eurolife S.A. is committed to an environment where employees and external persons feel comfortable to share their views and raise their concerns. Employees and external persons are encouraged to speak up promptly and report any alleged wrongdoing or suspected or actual illegal, fraudulent, improper or unethical conduct (“Integrity Concerns”). All reported Integrity Concerns are treated in strict confidence to the maximum extent possible.
Employees as well as external persons (in particular the following categories as mentioned in the local applicable law on whistleblowing: e.g. former and prospective employees, board members, contractors, outsourcing partners, employees of subcontractors or suppliers) can report their Integrity Concerns via the Zurich Ethics Line. Employees may also reach out to people managers, Compliance, Legal or Human Resources regarding questions or concerns.
To report any alleged wrongdoing including any suspected or actual illegal, fraudulent, improper or unethical conduct, please contact our Zurich Ethics Line.
We strongly encourage all reporting persons to utilise the Zurich Ethics Line, allowing us to thoroughly investigate the report and to quickly take any actions necessary. Our internal reporting mechanisms are designed to handle reports with utmost professionalism, confidentiality and sensitivity, allowing us to swiftly and appropriately address any identified issues.
You can also report Integrity Concerns to the Commissariat aux Assurances 11, Rue Robert Stumper, L-2557 Luxembourg, Grand Duchy of Luxembourg:
Whistleblowing / Lanceur d'alerte - Commissariat aux Assurances (caa.lu)
Zurich does not tolerate retaliation, including threats and attempts of such, against any employee or other person reporting an Integrity Concern (“Reporting Person”) with reasonable grounds to believe the information reported was true at the time of reporting. Thus, when making a report, Reporting Persons do not need to be certain or have definitive proof, but only need to have reasonable grounds to believe that the information reported is true at the time of reporting.
If it turns out that they were mistaken, they will not face negative consequences for speaking up and reporting. However, deliberately or knowingly providing false or misleading information when reporting an Integrity Concern or in the course of an investigation (e.g., by a Reporting Person or witness) is not tolerated.
Protection against retaliation is also extended to persons who participate in any investigation or provide information/evidence in the course of any investigation, as well as other third persons who are connected with the Reporting Person and could suffer retaliation in a work-related context, such as colleagues or relatives of the Reporting Person (“Third Person”).
Please note that our whistleblowing system is not intended for complaints. Should you have any complaints regarding our products or services, please refer to the section “Do you have any complaints?” on our “Contact us” page.
For further details please click on the following links
Women in Finance Charter
Luxembourg's financial sector and related services employ over 60,000 individuals, making it one of the country's largest employers. As a result, it has the potential to assume a significant leadership position by setting positive examples.
By signing the Women in Finance Charter, Zurich Eurolife underline the ambition to make the financial centre more inclusive.
This charter, under the patronage of the Luxembourg Ministry of Finance, aims to encourage greater representation of women in key positions in the finance sector.
By fostering a greater diversity of thinking, experience, and leadership styles in decision-making processes, there will be positive outcomes for the business, clients, and the broader community.
What do we commit to?
What internal objectives has Zurich Eurolife set to improve the gender balance?
Zurich Eurolife Female Representation
| 9/1/2023 | Targets 2026 | |
|---|---|---|
| Board Members | 20% (1 in 5 women) | 33% |
| COMEX | 20% (1/5) | 33% |
| Senior Management | 80% (4/5) | Surpassed target |