WE ARE THE INSURANCE INTERMEDIARY’S INSURER
Trading in France since 1930 our mission is not to change what we do – but to continue to do what we do so well while always being innovative in the coverage we provide. We have become a point of reference for Insurance Intermediaries who appreciate our excellent coverage and reasonable pricing. They benefit greatly from our consultative approach to educating our clients, risk management and claims management.
A STORY THAT BEGAN IN 1930
1930 -1948 : the beginning.
CGPA was formed in 1930 in France. A company created by Insurance Intermediaries – born out of their need to protect their businesses. It is the first time that an Insurer focussed solely on providing Professional Indemnity to protect Insurance Intermediaries. Our stated objective was to protect our policyholders interests.
1978 – 1998 : becoming the leader.
Over the years CGPA has become the recognised leader in its field of expertise – professional indemnity. It continues to thrive while launching new development and client training programmes to reflect its position as a “thought leader”. Risk management and claim prevention become core pillars of our company.
2005 - 2012 : European evolution and the birth of CGPA Europe.
The rules governing Insurance Mediation in Europe were continuing to change – particularly with the formation and adoption of the Insurance Mediation Directive. EU driven regulatory common practice was being demanded of Insurance Intermediaries. CGPA decided to accompany this trend by developing the first Europe-wide Insurer to offer Professional Indemnity to Insurance Intermediaries. In 2012 CGPA Europe is created – based in Luxembourg and a wholly owned subsidiary of CGPA Group. Its primary initial focus was to develop business in both the Irish and Italian markets – which it has done to date with great success. Tailor-made products are developed for each territory where CGPA Europe opens for business. CGPA Europe operates today on the Luxembourg market, but also on the Italian, English, Irish, Spanish and German markets.
1948 -1978 : the growth years.
Becoming more well known. More and more Insurance Intermediaries joining their peers as clients of ours. The Insurance Market in France is in an expansion phase – reflecting the European economic boom. By expanding CGPA was able to restructure and strengthen itself leading to significant growth of its balance sheet and asset base.
1998 - 2005 : consultancy.
CGPA anticipated the continued evolution of the European Insurance Market and the increasing roles that Regulators were beginning to play. It always kept fully abreast of developments and led initiatives in coverage changes to always deliver the correct advice and training to its policyholders – to keep them fully compliant and secure.
2013 : financial rating.
CGPA Group is recognised for its financial strength with the award by Standard & Poors of a Financial Rating of A- (Stable). CGPA Europe has the same financial rating.
OUR MODEL – THE 4 PILLARS
Financial stability, independence, training and prevention and specialisation – our model is based on these 4 pillars. Each Pillar generates a significant benefit for our policyholders.
At the heart of the 4 pillars are our solvency, no conflict of interest, control and risk management, and expertise and assistance.
TRAINING AND PREVENTION
We continue to research our market place, the legislative framework around us, European and country-specific cover requirements and claims and their causes. We utilise this “live” information to draft training programmes for our policyholders. By sharing this information we all learn lessons from it. We help our policyholders understand risk in their business – it is what causes claims and reputational damage. We help them counter the risks they face in business and in so doing help control costs. This builds a long term relationship with our policyholders and provides them with a reliable long-term Insurance partner in CGPA Europe.
Eric Evian, Business Development Director, CGPA Europe addresses Irish Brokers at our Broker Seminar in Dublin, 2014
WORKING WITH IRISH INTERMEDIARIES
In Ireland we have a highly experienced team in place who work very closely with their Luxembourg-based colleagues. They are there – on the ground in Ireland – to be a partner to you in your business and help you manage related risk.
When a problem does occur in a policyholders business we are consultative and hands-on in our approach. We help all parties to understand, quantify and mitigate loss. We are committed to providing you with excellent locally based legal representation to protect your interests and reputation. At all times we will consult with you.