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Un an après sa déclaration commune pour une finance verte et durable, la place financière de Paris dresse un premier bilan des engagements

One year ago, the primary professional bodies and associations representative of the Paris Financial Centre (ASF-French Association of Financial Companies , AFG–French Asset Management Association, FBF-French Banking Federation, FFA-French Insurance Federation, France Invest- French association of private equity actors, Paris EUROPLACE and Finance for Tomorrow) announced new commitments to combat climate change and to further the goal of a net zero-emissions economy by 2050. Today, they have seized this occasion to review the actions taken thus far and those yet to come.

The FFA presents the French insurers’ €1.5 billion investment programme for healthcare, tourism and boosting investment for SMEs and ISEs

As major players involved in financing the economy and as long-term investors, French insurers have made a commitment to the public authorities to support the country’s economy affected by the health crisis and have decided to set up a €1.5 billion investment programme with Caisse des Dépôts et Consignations. It will consist of three tranches and will be mainly invested in equities.

La Fédération Française de l’Assurance présente ses propositions pour la création d’un régime de catastrophes exceptionnelles : le dispositif CATEX

Exceptional because of its scale, the Covid-19 has highlighted the limits of the private insurance system, which is unable to respond to a systemic crisis without a specific system.
In order to learn lessons and find the resources to effectively support businesses faced with such events in the future, the FFA, at the end of April and in cooperation with the French Ministry of the Economy and Finance, set up a workgroup to sketch ideas for a future scheme.
As committed earlier to the government, the FFA today presented the conclusions of its work on a new system for protecting businesses against the economic consequences of a major event like Covid-19.

The IAIS warns against retrospectively covering Covid-19 losses

In a press release, the International Association of Insurance Supervisors (IAIS) warns against retrospectively covering Covid-19 losses (“to cover such claims could create material solvency risks and significantly undermine the ability of insurers to pay other types of claims”).
The IAIS added that “insurance is an essential service at this time of distress, providing protection against the heightened uncertainties created by the pandemic” and “for insurers to play this role, and to contribute to economic recovery, the stability of the sector is vital”.

3,2 milliards d’euros de mesures exceptionnelles pour faire face à la crise du COVID-19

In order to give their insurance customers maximum support to deal with the consequences of the health crisis, insurers have taken a series of non-contractual measures totalling 1.75 billion euros, in solidarity with the populations and businesses most at risk.

Florence Lustman, présidente de la FFA

The “war” against coronavirus is entering its third week. Each day that passes is a new battle for families who lose a loved one, for doctors and nurses struggling in our hospitals, for parents working from home at the same time as taking on the role of teachers for their children, for employers and employees fighting to saving their businesses.

European financial services will maintain support for customers, employees and the EU economy within governments’ boundaries during COVID19 pandemic

The European social partners – which include representatives of both financial sector employers and employees, and of which Insurance Europe is a member – will continue supporting their customers and the European economy to the best of their abilities within government-set boundaries during the COVID-19 pandemic.

Coronavirus: insurers mobilise and announce new exceptional measures to protect the people and businesses most seriously affected by the Covid-19 virus

Following the emergency measures announced last week, and those put in place by its members on an individual basis, this morning the FFA presented new solidarity measures to Mr Bruno Le Maire, Minister for the Economy and Finance.

15 tips to insure yourself wisely

Insurance protects you every day against the consequences of events you may have caused, or suffer.
There are different types of insurance: some protect you or your family from the fallout of an accident, some safeguard your property and your assets, others cover the consequences of damage you may have
caused. Without insurance, you would have to personally cover the consequences of any damage you cause or experience.

Socially responsible savings with my life insurance policy...Yes it's possible!

Since 2018, French insurers are fully committed to include in their life insurance offerings at least one units of account (UC) vehicle carrying an ISR, ethical or climate label, in particular the TEEC label (Energy and Ecological Transition for Climate), or the ISR label (Socially Responsible Investment).