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On 3 June 2021, the French Insurance Federation (FFA) and three trade unions - CFDT, CFE-CGC and UNSA - concluded three agreements on minimum wages for the collective bargaining agreements of insurance companies for the year 2021.

Eighteen months after the launch of the ‘Tibi’ funds, fifteen insurers have already supported French Tech companies massively, with investments that will reach EUR 3.2 billion by the end of 2021. They will continue their commitment, in particular to support the development of biotech players.

April 2021 confirmed the momentum observed in life insurance for several months, with EUR 1.6 billion in net inflows. Net unit-linked inflows reached +€2.9 billion in April and €10.8 billion since the beginning of the year, levels not seen since 2007.

In March 2021, net life insurance inflows were positive at +€1 billion. Net inflows of unit-linked products amounted to +€2.1 billion, thereby contributing to financing the productive economy necessary for the recovery of our country.

In order to support SMEs in the face of the consequences of the health crisis, insurers are getting involved to stimulate the recovery by investing massively in the unprecedented scheme promoted by the French Ministry of the Economy, Finance and Recovery.

This scheme was set up in a few weeks by the French Treasury, the French Insurance Federation and the main French banking groups.

Implemented to support the recovery, this initiative will fuel the investment capacity of SMEs-ETIs by strengthening their balance sheet over the long term. This initiative will contribute to the growth of employment in our country.

18 insurers have joined forces for this first round of fund raising, in favour of SMEs and ETIs, which will be carried out through an ad hoc investment fund called ‘Relance’ Equity Loan Fund managed by several French asset managers selected by the French Insurance Federation. This first round of financing amounts to €11 billion, an unprecedented volume in France and in Europe, which will make it possible to finance up to 90% of the equity loans distributed by banks to dynamic companies. A second round is already planned for June 2021.

The French Insurance Federation (FFA) has announced measures to support insured farmers and is campaigning for a reform of agricultural risk insurance to encourage more professionals to protect themselves against climate hazards. Indeed, although comprehensive climate policies offered by insurers include “crop frost” coverage, too many farmers today choose to not get insured.

Conférence de presse du 24 mars 2021 avec Florence Lustman, présidente de la Fédération Française de l'Assurance ©Mat Beaudet

Like the entire country, the insurance sector was impacted by the crisis in 2020 but in this unprecedented context, insurers kept their commitments to their policyholders and even went beyond. They continued to protect their policyholders and made a significant contribution to supporting our country’s economy. The insurance sector is now playing a key role for a sustainable recovery.

In a climate of uncertainty, deprived of social interaction, leisure and, for some, work, the mental health of the French, and more particularly young people, is suffering a blow after a year of health crisis. Faced with the increasing number of situations of distress related to mental health, the insurers of the Fédération Française de l’Assurance, in conjunction with the Mutualité Française and the Institutions de Prévoyance, have decided to act and are setting up a new scheme.

Financial education: the Fédération Française de l’Assurance announces the publication of a practical guide called “Saving with life insurance”

In the context of the Financial Education Week, held from 22 to 28 March, the Fédération Française de l’Assurance has published a guide entitled “Saving with life insurance” to help individuals make long-term saving decisions and help them choose the life insurance policy best suited to their profile and projects, thanks to a series of key questions and good habits to adopt.

Mixité, diversité et égalité professionnelles : les assureurs montrent la voie

The French Insurance Federation and five trade union organisations - CFDT, CFE-CGC, CFTC, FO and UNSA - have just made official, in the presence of French Minister Elisabeth Moreno, the signing of a new agreement on gender equality, diversity and equal work opportunities for women and men in insurance companies.