In order to support SMEs in the face of the consequences of the health crisis, insurers are getting involved to stimulate the recovery by investing massively in the unprecedented scheme promoted by the French Ministry of the Economy, Finance and Recovery.

This scheme was set up in a few weeks by the French Treasury, the French Insurance Federation and the main French banking groups.

Implemented to support the recovery, this initiative will fuel the investment capacity of SMEs-ETIs by strengthening their balance sheet over the long term. This initiative will contribute to the growth of employment in our country.

18 insurers have joined forces for this first round of fund raising, in favour of SMEs and ETIs, which will be carried out through an ad hoc investment fund called ‘Relance’ Equity Loan Fund managed by several French asset managers selected by the French Insurance Federation. This first round of financing amounts to €11 billion, an unprecedented volume in France and in Europe, which will make it possible to finance up to 90% of the equity loans distributed by banks to dynamic companies. A second round is already planned for June 2021.

Like the entire country, the insurance sector was impacted by the crisis in 2020 but in this unprecedented context, insurers kept their commitments to their policyholders and even went beyond. They continued to protect their policyholders and made a significant contribution to supporting our country’s economy. The insurance sector is now playing a key role for a sustainable recovery.

In the context of the Financial Education Week, held from 22 to 28 March, the Fédération Française de l’Assurance has published a guide entitled “Saving with life insurance” to help individuals make long-term saving decisions and help them choose the life insurance policy best suited to their profile and projects, thanks to a series of key questions and good habits to adopt.

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.

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.

The French Insurance Federation announces the appointment of Franck Le Vallois as Managing Director.

Chaired by Florence Lustman, the FFA brings together insurance and reinsurance companies operating in France. Franck Le Vallois’ mission will be to lead all the transformations that will contribute to supporting the changes occurring within the insurance sector.

Unveiled on the occasion of Climate Finance Day, the Sustainable Finance Observatory is a world premiere. It seeks to enhance transparency, monitoring and evaluation of the financial sector’s gradual transformation.

The investment programme “Assureurs – Caisse des Dépôts Relance Durable France”, the initial amount of which was EUR 1.5 billion, is finally going to reach EUR 2.2 billion, with nearly EUR 2 billion coming from insurers.

The insurers join in the emotion of the French people regarding the human and material consequences of the floods in the Alpes-Maritimes and offer their condolences to the families of the victims.