French Insurance Federation

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News

Life insurance market: Positive net inflows in February 2018

22/03/2018

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

14/03/2018

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

09/03/2018

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

09/03/2018

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

06/03/2018

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.

Floods: insurers can begin the claims process now the floods have receded

15/02/2018

Speaking yesterday on a visit to Villeneuve-Saint-Georges with the President of the Republic and elected representatives, Bernard Spitz, Chairman of the French Insurance Federation, highlighted the efforts insurers have been making since the floods began to support those affected.

Hurricane Irma: insurers are fully mobilised

13/02/2018

Hurricane Irma, which devastated the islands of Saint-Martin and Saint-Barthélemy on 6 September 2017, has given rise to almost 25,000 claims with an estimated total cost of 1.83 billion Euros.

First emerging risks barometer for the insurance industry

07/02/2018

During the annual convention of AMRAE, the French risk management association, Bernard Spitz, President of the FFA, presented the results of the first emerging risks barometer for the insurance industry. This risk mapping, prepared by the “Evolving Risks” working group of the FFA’s Risk Analysis Committee, identifies the emerging risks that could significantly affect the insurance and reinsurance sector in France.

Life insurance market : Positive net inflows in December 2017

01/02/2018

Net inflows for December 2017 were 0.5 billion euros.

In 2017, insurance companies collected 131.5 billion Euros of premiums (compared to 133.9 billion Euros in 2016). Payments to unit-linked products accounted for 36.7 billion Euros from the start of the year, i.e. 28 % of premiums (20% in 2017).

Floods: insurers working to support victims

30/01/2018

At a meeting this morning with the Minister for the Economy and Finance, the chairman of the FFA, together with a delegation of insurers, described what the industry is doing to help people affected by the recent floods. Insurers are working on the ground alongside the public authorities, elected officials and the emergency services and are taking urgent action to speed up the handling of claims.

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