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

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.

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.

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.