Integrale Luxembourg answers your questions

Some of our clients have asked us questions or expressed worries relating to recent events and press articles concerning Integrale Belgium.

Please note that Integrale Belgium holds only 15% of the shares of Integrale Luxembourg. The other 85% are owned by Credis.

Integrale Belgium's situation has no direct impact on your contract with Integrale Luxembourg. Integrale Luxembourg's Solvency II ratio remains above the legal requirements. So you don't have to worry about your contract with Integrale Luxembourg.

At 30^th of June 2020, the technical provisions of Integrale Luxembourg (amount to be paid if all obligations are requested today) amounted to 206 million EUR.  In Solvency II terms (i.e. taking into account a risk free discount rate but also some other different elements) it represents 239 million EUR.  The total assets of Integrale Luxembourg amounted to 259 million EUR.  The difference (20 million EUR) represents the own funds. Practically, the legislation reduces these funds to 18,7 million EUR to respect some constraints.  The calculated buffer (extra complementary reserves) required by the Solvency II legislation is equal to 15 million EUR. As a result, the Solvency II ratio amounted to 125% on 30th June 2020 and on 30th September  2020 this ratio has improved considerably. Integrale Luxembourg has all the needed money to pay its current and future obligations.

With this explanation, we hope that we responded to the questions and worries you could have.  You can rely on the whole team of Integrale Luxembourg to continue to manage your contract in order to ensure a decent return even in these very difficult market circumstances.  We remain also at your disposal should you have any remaining questions.