Protects the personal assets of directors, officers, and board members when held liable — judicially, administratively, or through arbitration — for wrongful acts committed in the course of management. Coverage may extend to defense costs and, depending on the policy, to the entity itself (“entity coverage”).
Coverage
• Indemnity for wrongful acts of management
• Defense costs and related legal expenses
Who can purchase
The EFPC (Closed Supplementary Pension Fund) as the policyholder, on behalf of its administrators (or, less commonly, individual purchase by the insured person).
Beneficiary
The insured individual (director/officer) and/or the entity, according to the structure of the policy.
Transfers to the insurer the risk of deviations from the biometric assumptions (mortality, disability, and especially survival/longevity) used in the benefit plan. It may be structured under a biometric flow or biometric index, mitigating actuarial volatility and strengthening plan solvency.
Coverage
• Mortality, disability, and longevity deviations above expected levels
• Structure based on biometric flow or index
Who can purchase
The EFPC itself (as the direct insured).
Beneficiary
The contracting EFPC — the indemnity is allocated to the benefit plan.
Provides collective coverage for life (natural or accidental death, disability) and, if included, medical and hospital expenses for employees and dependents, with flexible contribution structures.
Coverage
• Death and disability
• Funeral assistance
• Medical and hospital expenses
Who can purchase
The EFPC as the policyholder, for employees and dependents.
Beneficiary
The insured’s designated beneficiaries (life) or the insured employee (health).
Linked to financial obligations, this insurance guarantees the settlement or amortization of debt in the event of a covered occurrence (death, disability, unemployment, etc.), protecting both creditor and debtor.
Coverage
• Death and disability
• Unemployment, temporary incapacity, critical illness
Who can purchase
The lending institution (with borrower enrollment) or the borrower directly.
Beneficiary
The creditor, up to the amount of the debt; any remaining balance goes to the named beneficiary or the insured.
Provides protection against cyber incidents (malware, ransomware, data breaches, system interruptions), covering both first-party losses and third-party liability claims.
Coverage
• Data and system damage
• Business interruption/loss of income
• Liability for data breaches and intellectual property violations
• Incident response and crisis management expenses
Who can purchase
EFPCs and institutions exposed to digital risk.
Beneficiary
The insured EFPC, with possible extension to executives and employees.
