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The health and protection market grew by 3% in 2017

According to data collected by the Technical Centre for Provident Institutions (CTIP), the French Insurance Federation (FFA) and the National Federation of Mutual Insurance Companies (FNMF), the health and protection insurance market grew by 3% in 2017, with premiums of €58.6 bn1. This growth was driven by group contracts (+4.6 % compared to +1.5 % for individual contracts), which accounted for half of the premiums.

A new corporate social responsibility charter for insurers

Insurance companies have renewed their commitment to sustainable development by updating the profession’s Corporate Social Responsibility (CSR) Charter. They have used this opportunity to draw attention to their initiative to encourage the provision of responsible life insurance products.

The floods and storms that have affected France over the last few weeks  have resulted in 214,000 claims with a cost of 430 million Euros

On a visit today to Pau and Salies-de-Béarn, Bernard Spitz, President of the French Insurance Federation, met the public authorities and local elected officials. He affirmed insurers’ commitment to supporting those affected in the Pyrénées-Atlantiques and the country as a whole

Life insurance market: Positive net inflows in May 2018

Net inflows for May 2018 were 2 billion euros.

From the start of the year, insurance companies collected 58.6 billion Euros of premiums (compared to 55.3 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 16.9 billion Euros from the start of the year, i.e. 29 % of premiums.

On Tuesday 26 June the Observatory on the Development of Insurance Careers presented its annual barometer and the initial trends in development of the workforce of insurance companies at the end of 2017 to the social partners.

On Tuesday 26 June the Observatoire de l’Evolution des Métiers de l’Assurance (Observatory on the Development of Insurance Careers) presented its annual barometer and the initial trends in development of the workforce of insurance companies1 at the end of 2017 to the social partners.

The initial trend which emerges shows a gradual increase in workforce at the end of 2017 (+0.4% over one year), that is 146,800 employees for the sector as a whole. The number of insurance company employees has been particularly stable for the past ten years.

Life insurance market: Positive net inflows in April 2018

Net inflows for April 2018 were 2 billion euros.

From the start of the year, insurance companies collected 47.9 billion Euros of premiums (compared to 44.9 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 14 billion Euros from the start of the year, i.e. 30% of premiums.

FFA welcomes the revision of the motor insurance Directive

The European Commission published its proposal for the revision of the motor insurance Directive.

FFA welcomes the Commission's proposals, as these follow the industry's responses given in the course of the prior consultation. The Commission proposes to extend to all member States compensation bodies that will function as a substitute in case of a company's insolvency. The Commission also suggests clarifying these bodies’ operating mode in the case of cross border activity. This proposal will improve the effectiveness of the compensation bodies in Europe.

The CTIP, the FFA, the FNMF and the UNOCAM are committed to supporting the reform of the health system

The Minister for Solidarity and Health invited the presidents of the Technical Centre for Provident Institutions (CTIP), the French Insurance Federation (FFA), the National Federation of Mutual Insurance Companies (FNMF) and the National Federation of Supplementary Sickness Insurance Organisations (UNOCAM) to a meeting today to discuss the “zero out-of-pocket payment” (reste à charge zero). The supplementary social protection actors reiterated their commitment to providing the French people with access to quality health care at the best price.

Funds lending to SMEs and intermediate-size enterprises: the French Insurance Federation and Caisse des Dépôts welcome the launch of NOVO 2018

Following the success of the first generation of NOVO funds, the largest investment funds dedicated to financing SMEs and medium-size enterprises, launched in 2013, the French Insurance Federation and Caisse des Dépôts welcome the launch of the NOVO 2018 fonds de prêts à l’économie (funds dedicated to lending to the real economy), comprising more than 470 million Euros.

Life insurance market: Positive net inflows in March 2018

Net inflows for March 2018 were 1.5 billion euros.

From the start of the year, insurance companies collected 36.3 billion Euros of premiums (compared to 34.1 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 10.8 billion Euros from the start of the year, i.e. 30% of premiums.