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Life insurance market: Positive net inflows in October 2018

Net inflows for October 2018 were 2.5 billion euros.

From the start of the year, insurance companies collected 117.8 billion Euros of premiums (compared to 111.8 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 33.2 billion Euros from the start of the year, i.e. 28 % of premiums.

Floods of 14 and 15 October 2018: the estimated final cost is 220 million Euros

On a visit today to the Aude department, Bernard Spitz, president of the French Insurance Federation, emphasised the commitment of insurers who are doing all they can to speed up the claims process.

The live recording of the FFA conference on the limits of insurability  is available!

How can we push back the limits of insurability in a changing world? To discuss this, almost 20 prestigious speakers gathered on 26 October 2018 at the premises of the French Insurance Federation.
New regulations, disruption brought about by digital technology, climate change... all these subjects were addressed during this day of debate that provided a unique opportunity to highlight the main challenges from these transformations that are having an ever increasing impact on the insurance sector.

Life insurance market: Positive net inflows in September 2018

Net inflows for September 2018 were 900 million euros.

From the start of the year, insurance companies collected 104.7 billion Euros of premiums (compared to 99.6 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 29.9 billion Euros from the start of the year, i.e. 29 % of premiums.

Change to the structure of the health premiums under the insurance companies’ occupational protection scheme (Régime Professionnel de Prévoyance)

On 25 September 2018, the French Insurance Federation and four trade union organisations – CFDT, CFE-CGC, CFTC and UNSA – signed a memorandum of understanding that alters the health premiums of the sector’s occupational protection scheme.

Climate-related financial reporting: Operational framework for a constructive dialogue between investors and companies

In order to analyse and manage their portfolios, investors and asset management companies need information on the climate strategy of the companies in which they invest. A joint initiative has been set up under the umbrella of the French Business Confederation (MEDEF), the French Insurance Federation (FFA), and the French Asset Management Association (AFG) in order to define a common reporting framework on corporate climate strategy and related indicators.

Irma

French insurers, represented by FFA president Bernard Spitz, who travelled as a member of the delegation to the Antilles led by the President of the Republic, have emphasised their solidarity with the inhabitants and businesses affected by Irma one year ago.

Life insurance market: Positive net inflows in august 2018

Net inflows for August 2018 were 2.4 billion euros.

From the start of the year, insurance companies collected 95.2 billion Euros of premiums (compared to 89.8 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 27.4 billion Euros from the start of the year, i.e. 29 % of premiums.

Ouragan Irma :  les assureurs accompagnent la reconstruction des territoires

On 6 September 2017, Hurricane Irma devastated the islands of Saint-Martin and Saint-Barthélemy, causing several deaths and resulting in 25,600 claims with an estimated total cost of 1.9 billion Euros. This natural event is the most expensive in the history of insurance in overseas France.

Life insurance market: Positive net inflows in July 2018

Net inflows for July 2018 were 3 billion euros.

From the start of the year, insurance companies collected 84.8 billion Euros of premiums (compared to 80.1 billion Euros over the same period in 2017). Payments to unit-linked products accounted for 25 billion Euros from the start of the year, i.e. 29 % of premiums.