The Italian Institute for Insurance Supervision (IVASS) issued an alert to policyholders and beneficiaries of FWU Life Insurance Lux S.A. after being informed that parties using false identities are approaching them with proposals to subscribe to new life insurance policies purportedly to limit losses. The warning follows earlier notices that individuals or firms could contact customers in connection with the liquidation of FWU Life Insurance Lux S.A., which had been flagged by Luxembourg’s Commissariat aux Assurances (CAA) on 17 March and reiterated by IVASS in a 16 June press release. IVASS urges recipients to scrutinise any approaches, verify the legitimacy of the proposer, and ensure any proposed solution is in the interests of the person contacted, and notes that consumers can seek assistance through IVASS and consumer associations if they have doubts.
Italian Institute for Insurance Supervision (IVASS) 2025-08-07
Italian Institute for Insurance Supervision warns FWU Life Insurance Lux policyholders about fraudulent offers of new life policies
The Italian Institute for Insurance Supervision (IVASS) issued an alert regarding false identity proposals targeting FWU Life Insurance Lux S.A. policyholders. This follows previous warnings about potential contacts related to the company's liquidation flagged by Luxembourg’s Commissariat aux Assurances. IVASS advises recipients to verify the legitimacy of any proposals and seek assistance if needed.