Insurance and private pensions run through the Chamber's records from the COP28 debate of December 2023 to the CRD VI transposition of April 2026. The sittings covered the government's drive to make third-pillar private pension insurance and second-pillar occupational schemes more attractive, met by opposition warnings that the subsidy in bill 8640 mainly benefits banks and insurers, and déi Lénk's running challenge to what the pension reserve fund invests in. They also covered the insurance regulator's rebuild, from the motor-insurance insolvency fund created by bill 8184 through the Commissariat aux assurances funding bill 8616 to the Solvency II transposition due by January 2027, plus the sector's record life-insurance premiums and its use of AI. Pension benefit levels and reform are covered on Pensions. The quotes below are taken verbatim from the Compte rendu officiel of each sitting.
\nOn 19 March 2024, during the debate on bill 8184 PL8184 — Directive UE 20212118 creating the motor-insurance insolvency fund and strengthening the Commissariat aux assurances, Laurent Mosar described the new fund's purpose and financing.
\n\n\nDuerch dëse Projet de loi schafe mer domadder en neien Établissement public, de sougenannte „Fonds d’insolvabilité en assurance automobile“ oder ofgekierzt FIAA. Dëse Fong erfëllt d’Missioun, wéi d’Direktiv et verlaangt, a gëtt vum Assurancësecteur finanziell gespeist.
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This bill creates a new public establishment, the Fonds d'insolvabilité en assurance automobile, or FIAA, which meets the directive's requirement and is funded by the insurance sector itself.
\nSitting of 19 March 2024, Laurent Mosar, CSV
\nOn 19 March 2025, during the consultation debate on the long-term viability of the pension system, Alex Donnersbach argued that occupational pensions should keep being encouraged.
\n\n\nBesonnesch am Finanzan Assurancësecteur spillt dëse Pilier eng wichteg Roll. Hei ginn net nëmmen héich Qualifikatiounen, mee och soziaalt Engagement a Loyalitéit belount. Et ass kloer: Eng staark Betribspensioun mécht eng Entreprise méi attraktiv.
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This pillar plays an important role, especially in the finance and insurance sector. It rewards not only high qualifications but also social commitment and loyalty. A strong occupational pension clearly makes a company more attractive.
\nSitting of 19 March 2025, Alex Donnersbach, CSV
\nOn 15 May 2025, during the orientation debate on the European defence industrial strategy, Gusty Graas argued that rethinking the pension reserve fund's role should not be a taboo.
\n\n\nMir sinn och der Meenung, datt net nëmmen d’Privatbanken hei mussen eng gewësse Roll spillen. Et soll och keen Tabu sinn, iwwer eise Pensiounsfong nozedenken.
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We also think that private banks should not be the only ones playing a role here. It should not be a taboo to think about our pension fund either.
\nSitting of 15 May 2025, Gusty Graas, DP
\nOn 15 May 2025, during the interpellation on the future development of the financial centre, André Bauler gave the record premium figure reached by life insurance in 2024.
\n\n\nNo dräi Joer Stagnatioun hunn d’Primme vun der Assurance-vie 2024 e Rekordniveau vu 27 Milliarden Euro erreecht, eng Hausse vun 41 %.
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After three years of stagnation, life-insurance premiums reached a record level of 27 billion euros in 2024, a rise of 41%.
\nSitting of 15 May 2025, André Bauler, DP
\nOn 19 March 2025, during the continued consultation debate on the long-term viability of the pension system, Mars Di Bartolomeo asked which businesses actually offer occupational pensions.
\n\n\nWou sinn déi Betriber, déi Zousazversécherungen ubidden? Ma gréisstendeels am Secteur financier, Service financier, Banken an dann hannendrun der nach e puer.
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Where are the businesses that offer supplementary pension insurance? Mostly in the financial sector, financial services, banks, and then a few others behind them.
\nSitting of 19 March 2025, Mars Di Bartolomeo, LSAP
\nOn 14 May 2025, in the state-of-the-nation debate, Taina Bofferding argued that private pensions are not social policy.
\n\n\nTrotzdeem, Privatpensiounen, dat ass keng Sozialpolitick. Dat soll een och ganz kloer soen. Mir setzen dogéint eeben op déi gesetzlech Pensiounen, déi fir alleguerten d’Mënsche gëllen an net nëmme fir déi mam décken, fette Portmonni.
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Still, private pensions are not social policy. That has to be said clearly. Instead, we back the statutory pensions, which apply to everyone and not just to those with deep pockets.
\nSitting of 14 May 2025, Taina Bofferding, LSAP
\nOn 18 December 2025, during the debate on bill 8640 PL8640 — réforme des pensions raising the third-pillar pension deduction ceiling, Taina Bofferding criticised the measure as a state top-up for insurers and banks.
\n\n\nMir sinn net der Meenung, dass d’Allgemengheet heifir soll opkommen, dass do eeben de Staat nach soll weider ënnerstëtzen, fir den Assurancen an de Banken hei Kaddoen ze maachen, fir dee Moment kënne Produiten unzebidden, déi d’Leit, déi et wëllen, souwisou wäerte kafen
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We do not think the public should have to pay for this, with the state further supporting gifts to insurers and banks so they can offer products that people who want them would buy anyway.
\nSitting of 18 December 2025, Taina Bofferding, LSAP
\nOn 19 March 2025, during the consultation debate on the long-term viability of the pension system, Djuna Bernard argued that third-pillar tax credits deliver a modest return.
\n\n\nWarscheinlech och net den zukünftege Pensionnaire, deen zwar vläicht e puer Steierkreditter an Usproch hëlt iwwert d’Joren, mee deem säin inflatiounsa steierberengegte Rendement – also säin zousätzleche Revenu, wann e bis an der Pensioun ass – oft awer extreem bescheiden ass, wéi mer dat héieren.
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Probably not the future pensioner either, who may claim a few tax credits over the years but whose inflation-adjusted, taxed return, that is the extra income once they reach retirement, is often extremely modest, as we have heard.
\nSitting of 19 March 2025, Djuna Bernard, déi gréng
\nOn 14 December 2023, during the topical debate on the COP28 climate conference, David Wagner stated that the pension reserve fund still invests heavily in fossil-fuel companies.
\n\n\nEsou huet zum Beispill och eise Pensiounsfong weiderhi laut Greenpeace iwwer 800 Milliounen Euro an déi klimaschiedlechst Entreprisen op der Welt investéiert.
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For example, according to Greenpeace, our pension fund still has over 800 million euros invested in the most climate-damaging companies in the world.
\nSitting of 14 December 2023, David Wagner, déi Lénk
\nOn 19 March 2025, during the continued consultation debate on the long-term viability of the pension system, Marc Baum argued that third-pillar returns are managed without any oversight and depend entirely on the financial markets.
\n\n\nRien n’est moins sûr! Déi Sue gi vun iergendwelche Fongen onnovollzéibar fir en Normalstierfleche verwalt. Kee Parlament, keng Assuréë schwätzen do mat. An de Rendement ass komplett ofhängeg vun de Laune vun de Finanzmäert.
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Far from certain! That money is managed by some fund in a way an ordinary person cannot follow. No parliament, no insured person has a say in it. And the return depends entirely on the moods of the financial markets.
\nSitting of 19 March 2025, Marc Baum, déi Lénk
\nOn 17 December 2025, during the debate on bill 8616 PL8616 — Dotation annuelle Commissariat aux assurances granting an annual state subsidy to the Commissariat aux assurances, David Wagner argued that the subsidy was unnecessary given the sector's profit.
\n\n\nEch wëll och drun erënneren, datt den Assurancësecteur, wa mer vun dem CAA schwätzen, 2024 e Résultat net après impôt vun 2,1 Milliarden Euro gemaach huet. Mir gesinn do net esou richteg an, firwat de Staat mat enger Hëllef misst do asprangen.
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I also want to point out that the insurance sector, when we talk about the CAA, made a net profit after tax of 2.1 billion euros in 2024. We do not really see why the state needs to step in with help.
\nSitting of 17 December 2025, David Wagner, déi Lénk
\nOn 27 June 2024, during the topical debate on the pension reserve fund, the Minister of Health and Social Security defended the fund's current investment criteria and their return.
\n\n\nDéi Krittären, déi mer elo hunn, hunn e Rendement dëst Joer bruecht vu ronn 10 %. Iwwert déi legal Krittären eraus, huet de Fong sech och nach Direktive ginn.
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The criteria we now have brought a return this year of around 10%. Beyond the legal criteria, the fund has also given itself further guidelines.
\nSitting of 27 June 2024, Martine Deprez, Ministre de la Santé et de la Sécurité sociale
\nOn 13 May 2025, in the state-of-the-nation address, the Prime Minister stated that private third-pillar pensions were being made more attractive for people who can save a little.
\n\n\nA fir déi, déi e puer Su spuere kënnen, maache mir privat Pensiounen am drëtte Pilier méi attraktiv, fir d’Leit ze encouragéieren, sech en zousätzlechen Apel fir den Duuscht am Alter opzebauen.
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And for those who can save a little, we are making private third-pillar pensions more attractive, to encourage people to build up an extra store for their thirst in old age.
\nSitting of 13 May 2025, Luc Frieden, Premier ministre
\nOn 15 May 2025, during the orientation debate on the European defence industrial strategy, the Minister of Defence stated that redirecting the pension reserve fund was not a taboo for her either.
\n\n\nEch sinn elo net direkt responsabel fir dëse Fong. Ech mengen, mir brauche Finanzementer, fir all dës Saachen ze maachen. Fir iwwert de Pensiounsfong, wat do dran ass a wat net dran ass a wat couvréiert ass, ze schwätzen, ass fir mech keen Tabu.
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I am not directly responsible for this fund. I think we need financing to do all these things. Talking about what is and is not in the pension fund, and what it covers, is not a taboo for me.
\nSitting of 15 May 2025, Yuriko Backes, Ministre de la Défense
\nOn 30 April 2026, during the debate on bill 8627 PL8627 transposing CRD VI and EMIR 3 into the law on the financial sector, the Minister of Finance confirmed that Solvency II is being transposed ahead of the January 2027 deadline.
\n\n\nDo spillt Solvency II, Här Weidig. Dir kennt dat am Detail vill besser wéi ech. Dee gëtt ëmgesat. Mir sinn amgaange mat den Aarbechten, fir Solvency II ëmzesetzen. Dat musse mer maache virun dem 29. Januar 2027.
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Solvency II comes into play there, Mr Weidig. You know that in detail far better than I do. It is being transposed. We are in the process of working on transposing Solvency II. We have to do that before 29 January 2027.
\nSitting of 30 April 2026, Gilles Roth, Ministre des Finances
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