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.
In response to the questions raised on telework in the insurance sector, the French Insurance Federation, Fédération Française de l’Assurance, would like to remind that insurers have promptly applied the telework rule for all roles that allow it, in accordance with the recommendations of the French Ministry of Labour, and with the sense of responsibility that is required of everyone under these circumstances.
Net inflows for December 2020 were +€550 million. These were the first positive monthly net inflows since the start of the health crisis. These positive net inflows confirm the last two months trend of a progressive return to balance and demonstrate the trust of the French in Life Insurance.
Net inflows for November 2020 were -€30 million and keep getting closer to balance, month after month. Insurance life premiums amounted to €10.4 billion, of which 34% were payments to unit-linked products. Paid-out benefits in November amounted to €10.5billion.
A further step has been taken in the implementation of the ‘Insurers - Caisse des Dépôts Sustainable Recovery France’ investment programme with the closing of the Healthcare component, a major part of this €2.2 billion programme. The last tranche, totalling €780 million financed by 19 insurers and 3 institutional investors, aims to strengthen health sovereignty in France by investing in healthcare research, infrastructure, logistics and services.
In this period of health crisis, it is essential to make prevention available to all. To help the most vulnerable families, the insurers and their association Assurance Prévention have joined forces with Samusocial de Paris and are offering 75,000 Covid prevention kits.
The CATEX project is an insurance scheme that the FFA proposes to set up in partnership with the French State. It aims to cover companies against the financial consequences of a lockdown imposed by the public authorities within the framework of a pandemic or epidemic thanks to the payment of a “resilience lump-sum” enabling them to get through the crisis. Since the initial work presented to the government on 11 June, this draft scheme has evolved thanks to the exchanges with various stakeholders. It is a balanced insurance scheme that has just been presented to the public authorities, which will have to follow up on this proposal.
Net inflows for October 2020 were –€154 million. Insurance life premiums amounted to €10.9 billion, of which 34% were payments to unit-linked products. Paid-out benefits in October amounted to €11.0 billion.
The Review of Solvency II is one of the most important topics in insurance regulation. Representatives of the EU-Commission, European Parliament, Member States, Supervisory Authoritites and the Insurance Industry discussed the actual proposals by EIOPA in a virtual panel organised by the Italian (ANIA), French (FFA) and German (GDV) insurance associations. A recording of these events are now online.
The French Insurance Federation and four trade unions - CFDT, CFE-CGC, UNSA and CFTC - have just signed a new agreement on the Forward Employment and Skills Management (FESM) and Vocational Education and Training (VET) within insurance companies.