Bancassurance: putting partners first
The past decade has seen tremendous sales success through the bancassurance distribution channel: banks marketing FWU products to their own customers. So we offer customized solutions for our bancassurance partners, as well as providing them with our innovative distribution technology.
Takaful: customized solutions
Our pioneering Takaful products are the perfect example of our successful approach to customized solutions: they comply with the demands of Sharia law by offering riba-free investments, no death risk assessment and a high degree of transparency.
We developed our first Takaful insurance product in 2003, entered the market in UAE, Saudi Arabia and Kuwait in 2005, and soon expanded to Pakistan and Malaysia. Within 12 years we had earned the trust of over 50,000 Takaful customers. This rapid growth proves the strength of our product offering, technology-based distribution and investment management expertise.
We established our first fully-owned insurance brokerage in the UAE in 2018, and our global Takaful solutions have received awards from international bodies including Euromoney, Islamic Business & Finance, KLIFF, and the International Takaful Summit.
At FWU our strength in technology and investment expertise doesn’t only benefit private investors: we also apply them to creating innovative, rock-solid corporate solutions. Read on to discover how, thanks to our comprehensive approach, we are able to make business simpler and more profitable for all our partner companies.
We want our passion for technology to benefit our distribution partners, so we offer state-of-the-art digital advice & distribution platforms. These solutions simplify the sales and administration processes, are IDD and PRIIPS compliant, help our partners satisfy their customers’ needs and monitor in detail the sales process.
Our distribution technology gives our partners:
Integrated end-to-end
digital solutions.
Training support
and sales development.
Lower costs
and greater flexibility.
Improved security
through automated and standardized processes.
Being founded as a consultancy start up in 1983, it has always been our belief to stay in a mindset of continuous innovation. Founding own new businesses and acquiring companies with a view towards sustainability has allowed us to create a global footprint. Not because we think big is beautiful, but simply because doing so helps us to improve our products.
You care to learn more about our past and how we’ve shaped from a consultancy start up to a globally operating financial services provider?
Check out our innovation timeline.
Starting with the acquisition of Luxembourg-based AtlanticLux in 1999 (now FWU Life Lux), we have grown organically in Europe, the Middle East and Asia, supplemented by more than 10 strategic portfolio and company acquisitions, including Skandia Austria (now FWU Life Austria) in 2015.
This rapid global growth has been possible because of our transaction experience, as well as our efficiency in issuing and administering life insurance policies. Throughout the expansion, we’ve maintained a local focus, respecting each country’s regulations, cultural background and language, whilst also staying true to our own distinctive corporate philosophy.
