The French Insurance Federation has announced several new arrivals and appointments to roll out its transformation plan that launched in June 2021.

On 1 September, the French Insurance Federation set up a new organisational structure to strengthen its collective efficiency at the service of its 260 member insurance and reinsurance companies. 

This new organisational structure will enable the French Insurance Federation to align its operations with the three strategic priorities set by its members to proactively promote the insurance sector: to develop its capacity to engage in public debate, to communicate more to the general public and to strengthen its internal efficiency. 

Eighteen months after the launch of the ‘Tibi’ funds, fifteen insurers have already supported French Tech companies massively, with investments that will reach EUR 3.2 billion by the end of 2021. They will continue their commitment, in particular to support the development of biotech players.

The French Insurance Federation (FFA) has announced measures to support insured farmers and is campaigning for a reform of agricultural risk insurance to encourage more professionals to protect themselves against climate hazards. Indeed, although comprehensive climate policies offered by insurers include “crop frost” coverage, too many farmers today choose to not get insured.

In a climate of uncertainty, deprived of social interaction, leisure and, for some, work, the mental health of the French, and more particularly young people, is suffering a blow after a year of health crisis. Faced with the increasing number of situations of distress related to mental health, the insurers of the Fédération Française de l’Assurance, in conjunction with the Mutualité Française and the Institutions de Prévoyance, have decided to act and are setting up a new scheme.

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.

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.

Since the commitments made by the federations of landlords on 17 April and the establishment of a charter of best practices for the negotiation of Q2 2020 rent waivers or postponements, the members of the federations of landlords, the insurers and CDC Habitat have started implementing rent postponements and waivers for periods when shops are closed as part of discussions with their tenants. Some of these discussions are still ongoing and must continue.

As the country prepares for its second period of lockdown, the French Insurance Federation expresses its full solidarity with the French people and the entire community of policyholders.
Update : 4 november 2020

Following the deadly and devastating floods that plunged the Alpes-Maritimes department into mourning, insurers and CCR made a first estimate of claims in terms of number and cost.

A total of 14,000 claims are expected to be filed for a cost of insured losses that is expected to reach €210 million. Insurers and CCR are committed to handling these claims as quickly as possible.