About

VidaCaixa is the leading insurance company in Spain. A subsidiary of CaixaBank, one of the largest banking groups operating in the Spanish market, it provides insurance services to corporate clients along with individual pensions and savings plans. Pablo Pernía assumed his current role as head of the legal and compliance department of VidaCaixa in 2015, also joining the company’s management team as a member and as secretary. Leading a team that is populated with expert individuals has made overseeing the recent growth of VidaCaixa much more straight forward – in the past year revenues from premiums and contributions have risen by 28%, taking them to a total of over €11bn. Divided into three areas, the legal and compliance team is made up of business, corporate and compliance legal teams that add value in many ways, including co-participation in strategic decision making and a recent involvement in the launch of two innovative insurance products in “Renta Vitalicia Inversión Flexible” and “CaixaBank Doble Tranquilidad”, evincing the team’s ability to act as business enablers. At the forefront of the company’s digitalisation processes, the team are confident amidst new demands and trends in the industry, including electronic signature, cross-selling and remote channels that are currently being implemented with the help of the team. Leading the corporate and business teams respectively, Rosa Martin and Sandra Cardona are known for their ‘extensive experience’ in the sector and ‘great technical quality’ according to colleagues. Nominators praised the entire team for its ‘excellent efforts to help the corporation grow in a safe and risk conscious manner’, and for ‘showing true dedication to the business as a whole’. In part of VidaCaixa’s ambitious market growth, the insurer acquired Barclays’ Spanish life risk insurance book in 2016, valued at approximately €70m of insurance liabilities and 105,000 insurance policies. During this transaction, valued at €1.5bn, the collaborative skills of the team were evident as well as its organisational strength; the acquisition required diligent project management and coordination of all relevant departments by the legal and compliance team. This helped VidaCaixa further increase its market share over competitor Mapfre. The market-leading legal team has therefore facilitated transactions of significant scale and impact in quick timeframes, helping to maintain VidaCaixa’s strong position in the Iberian market.