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Life insurance market: Positive net inflows in April 2018

Net inflows for March 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.

Life insurance market: Positive net inflows in February 2018

Net inflows for February 2018 were 1.7 billion euros.

In February 2018, insurance companies collected 24.4 billion Euros of premiums (compared to 22.2 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 7.6 billion Euros from the start of the year, i.e. 31% of premiums.

FFA welcomes the European Parliament’s adoption of the Resolution on  Cooperative Intelligent Transport Systems

Meeting in plenary session yesterday, the European Parliament adopted a resolution on a European strategy on Cooperative Intelligent Transport Systems (C-ITS). This resolution is in line with the European Commission Communication published in November 2016.

The Council of the European Union endorses the postponement of the Insurance Distribution Directive (IDD) application

Meeting today in Brussels, the Member States adopted the Directive postponing the application of the Insurance Distribution Directive to 1 October 2018 at the latest. This decision follows the European Parliament's, taken on 1 March. Its effect is retroactive to 28 February 2018.

Insurers support the European Commission’s Action Plan on Sustainable Finance

The insurance industry welcomes the European Commission's Action Plan on sustainable finance. The proposed measures will encourage long-term investment as a pillar for the development of the productive economy.

Life insurance market: Positive net inflows in January 2018

Net inflows for January 2018 were 2.5 billion euros.

In January 2017, insurance companies collected 13.3 billion Euros of premiums (compared to 11.3 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 4.0 billion Euros from the start of the year, i.e. 30% of premiums.