Commissariat aux Assurances

What Commissariat aux Assurances does

The Commissariat aux Assurances (CAA) is Luxembourg's official supervisory authority for the insurance sector, operating as an independent public administrative body. It oversees insurance and reinsurance undertakings, insurance intermediaries, and pension funds operating in or from Luxembourg, ensuring compliance with prudential, conduct-of-business, and anti-money laundering regulations applicable to the sector.

The CAA maintains several operational platforms and outputs: an SFCR (Solvency and Financial Condition Report) public repository, an out-of-court dispute resolution service for insurance-related complaints, a whistleblowing platform, and an AML/CFT portal. It issues circular letters and information notes to communicate regulatory expectations and guidance to supervised entities, publishes an annual report, and conducts both off-site and on-site supervision. Recent activity in 2026 includes Circular Letter 26/10 on FATF-listed high-risk jurisdictions, Information Note 26/4 launching the AML/CFT portal, and Information Note 26/5 providing guidance on retirement savings products.

The CAA's operating model is funded through flat-rate taxes paid by entities under its supervision rather than direct state appropriations. It collaborates domestically with the CSSF (financial sector supervisor) and the CRF (family allowances fund), and internationally through its membership in EIOPA and the IAIS, participating in cross-border supervisory colleges and European regulatory policy development.

Name

Commissariat aux Assurances

Legal name

Commissariat aux Assurances

Website

https://caa.lu

Company type

Private

Operating status

Operating

Headcount range

51–100 employees

Short description

Luxembourg's official insurance sector supervisory authority, overseeing insurers, reinsurers, intermediaries, and pension funds. Funded by supervisory fees, it issues regulatory guidance and operates dispute resolution, whistleblowing, and SFCR repositories.

Ownership category

akta.pro rank

Product category

Insurance Regulatory Services

NAICS

Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (92615), Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors (926150), Public Administration (92)

akta.pro primary industry

Financial Services Regulators (Banking, Securities, Insurance) (BPAIAOAK)

akta.pro secondary industries

Regulator/Authority-Operated Reporting Systems & Portals (FSAFAJAJ), Licensing & Permitting Authorities (General) (BPAIAOAB), Regulatory Reporting & Recordkeeping (AML/CTF) (FSAMAMAG)

Keywords

• Insurance supervision
• Prudential regulation
• Insurance compliance
• Financial sector oversight
• Consumer protection

Headquarters

HQ city

Luxembourg

HQ country

Luxembourg

HQ region

Europe

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Infrastructure, Others

Revenue model

1. Supervisory fees and taxes: The CAA is funded by flat-rate taxes paid by the natural and legal persons under its supervision. Personnel costs and operating expenses are covered by these supervisory fees.

Distribution channels1 record

Marketing channels4 records

Core offering

The Commissariat aux Assurances (CAA) is the official Luxembourg supervisory body for the insurance sector. It regulates and supervises direct insurance undertakings, reinsurance companies, pension funds, insurance sector professionals (PSA), and insurance intermediaries through licensing/registration, prudential supervision (on-site and remote inspections), market conduct oversight, AML/CFT monitoring, and financial sanctions enforcement. The CAA also provides free out-of-court dispute resolution to consumers, publishes regulatory documentation (circulars, regulations, annual reports), maintains a public SFCR repository, and operates a confidential whistleblowing platform for reporting sector violations.

Product overview

Commissariat aux Assurances (CAA) is Luxembourg's official supervisory body for the insurance sector, operating as a public institution under the authority of the Minister of Finance. Rather than offering commercial products, CAA provides regulatory services including: prudential supervision of insurance operators (direct insurers, reinsurers, pension funds, PSAs, and distributors), maintenance of the Solvency and Financial Condition Reports (SFCR) repository, out-of-court dispute resolution for consumers, a whistleblowing platform for reporting sector violations, publication of regulatory documentation (laws, regulations, circulars), consumer information services, and financial crime prevention oversight. The CAA collaborates with national authorities (CSSF, CRF), European bodies (EIOPA), and international organizations (IAIS, FATF, OECD) to ensure market integrity and consumer protection.

Differentiator

Problem solved

Functional benefit

Products and services

• Regulatory Supervision Services Prudential supervision of insurance companies, reinsurance companies, pension funds, insurance professionals (PSA), insurance intermediaries, and ancillary insurance intermediaries operating in Luxembourg. Includes licensing/registration, on-site and remote inspections, and market conduct oversight.
• Solvency and Financial Condition Reports (SFCR) Repository Public repository hosting Solvency and Financial Condition Reports for life insurance, non-life insurance, and insurance groups, including solvency ratios. Provides transparency into the financial condition of supervised entities.
• Out-of-Court Dispute Resolution Free alternative dispute resolution service for consumers to resolve complaints against supervised insurance professionals without judicial proceedings. Provided free of charge to consumers.
• Whistleblowing Platform Confidential and secure reporting mechanism for good-faith individuals to report potential violations of insurance sector legislation to the CAA.
• Consumer Information Portal Information services for consumers including insurance certificates, ESA fact sheets, and warnings about unauthorized operators.
• Documentation Services Publication of laws, grand-ducal regulations, CAA regulations, EU regulations, circular letters, information notes, annual reports, and forms for the insurance sector.
• International Financial Sanctions Information Information portal regarding international financial sanctions related to Russia's military aggression against Ukraine, including EU regulations and implementations.
• Financial Crime Prevention Services Fight against money laundering, terrorist financing, and proliferation of weapons of mass destruction, including AML/CFT portal and FATF declarations.

Quantifiable outcome

• Out-of-court dispute resolution service provided free of charge to consumers

Named customers10 records

Segments6 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Seven partnerships are on record, tiered core and major.

• Commission de Surveillance du Secteur Financier (CSSF)coreOthersNational level collaboration with Luxembourg's financial sector regulator. Both authorities work together on prudential matters affecting the broader financial services industry.
• Cellule de Renseignement Financier (CRF)coreOthersNational collaboration on anti-money laundering and counter-terrorist financing (AML/CFT) matters. The CAA monitors AML/CFT compliance in the insurance sector and coordinates with CRF.
• Comité du Risque SystémiquemajorOthersParticipation in Luxembourg's Systemic Risk Committee for macroprudential oversight of the financial system.
• Haut-Comité de la Place financièremajorOthersCollaboration on financial center development and standards for Luxembourg's financial industry.
• European Insurance and Occupational Pensions Authority (EIOPA)coreOthersMembership in the European supervisory authority for insurance and occupational pensions. CAA Direction members represent Luxembourgese interests in EIOPA's Board of Supervisors.
• International Association of Insurance Supervisors (IAIS/AICA)coreOthersMembership in the global insurance supervisory association. CAA has signed the IAIS multilateral cooperation agreement alongside 150+ other supervisory authorities for information exchange.
• Financial Action Task Force (FATF/GAFI)majorOthersParticipation in FATF expert groups on AML/CFT matters affecting the insurance sector, including jurisdiction risk assessments and enhanced due diligence requirements.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Direct peers

• Prudential Regulation Authority (PRA): UK's prudential supervisor for insurers and banks, part of the Bank of England. Comparable to CAA in conducting prudential supervision of insurance undertakings, including large international and reinsurance groups.
• De Nederlandsche Bank (DNB): Netherlands' integrated supervisor of insurance, pensions, and banking as part of the central bank. Directly comparable to CAA in supervising insurance undertakings, pension funds, and AML/CFT compliance in an EU market.
• Istituto per la Vigilanza sulle Assicurazioni (IVASS): Italy's dedicated insurance supervisor, reporting to the Ministry of Economy and Finance. Comparable to CAA in its narrow focus on insurance and reinsurance supervision, consumer protection, and market conduct oversight.
• Financial Market Supervisory Authority (FINMA): Switzerland's integrated financial market supervisor covering insurance, banking, and securities. Comparable to CAA in scope of insurance supervision, licensing, and AML/CFT oversight in a comparatively small but internationally active financial center.
• Financial Market Authority (FMA) Austria: Austria's integrated financial market supervisor covering insurance, banking, and securities. Comparable to CAA as a small EU jurisdiction's supervisor with a similar mix of insurance and intermediary oversight responsibilities.
• Autorité de Contrôle Prudentiel et de Résolution (ACPR): France's integrated insurance and banking supervisor, attached to the Banque de France. Directly comparable to CAA as a national prudential and conduct authority with a similar scope of supervisory, AML/CFT, and consumer protection powers.
• Banque Nationale de Belgique (Supervision): Belgium's national central bank also performs prudential supervision of insurance and reinsurance. Directly comparable to CAA in combining insurance supervision with macroprudential responsibilities in a small EU jurisdiction.
• Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin): Germany's integrated financial supervisor overseeing banking, insurance, and securities. Comparable to CAA in its prudential supervision of insurers and intermediaries, AML/CFT oversight, and consumer protection mandate.

Emerging players

• Financial Services and Markets Authority (FSMA): Belgium's separate conduct-of-business and financial markets authority. While focused on conduct rather than prudential supervision, FSMA is a peer in the Belgian regulatory architecture that complements the NBB's prudential role, mirroring how CRF and CSSF complement CAA.

Broad incumbents

• EIOPA (European Insurance and Occupational Pensions Authority): EU-level authority that coordinates national insurance supervisors and develops supervisory standards. CAA is a member of EIOPA's Board of Supervisors; EIOPA is the supranational peer that shapes the framework within which CAA operates.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/100095249377250
• LinkedInlinkedin.com/company/commissariat-aux-assurances

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Commissariat aux Assurances