Employees of insurance companies operating in the Luxembourg financial market are protected by a collective agreement (Convention Collective de Travail – CCT). This collective agreement is entered into by the unions, including ALEBA of course, and employers, i.e. members of the Association des Compagnies d’Assurances et de Réassurances du Grand-Duché de Luxembourg (Luxembourg Association of Insurance and Reinsurance Companies or ACA), www.aca.lu), generally for a three-year period. This collective agreement guarantees good working conditions, often going beyond what is required by the Luxembourg Labour Code.