Florence Lustman, présidente de la FFA

The planet is now facing a health crisis for which the length and repercussions are still difficult to assess. We insurers, are aware of the distress of entrepreneurs whose activity stopped overnight, with a brutality that obviously cannot leave anyone insensitive. It is therefore essential to quickly draw the first lessons from this crisis and to build together a mechanism that will make it possible to better protect companies in the future.

La FFA exprime son incompréhension face au projet de taxation sur les complémentaires santé

France’s Health Minister and Minister for Public Accounts have informed the FFA, the FNMF and the CTIP of their intention to tax complementary insurance companies known as “Organismes Complémentaires d’Assurance Maladie” (OCAMs) to the tune of EUR 1 billion in 2020 and EUR 500 million in 2021 for lower healthcare expenses incurred by the French during lockdown.

Assurance vie : collecte nette négative en juin 2020

Net inflows for June 2020 were – 0.7 billion euros.
The progressive return to normal of economic activity has driven an increase of the insurance life premiums that have been collected. They amounted to 9.9 billion euros – significantly higher than in April and May (6.4 and 5.7 billion euros respectively). Paid-out benefits amounted to 10.5 billion euros.

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.

Assurance vie : Collecte nette positive en février 2020

Net inflows for February 2020 were 1.4 billion euros.

From the start of the year, insurance companies collected 23.2 billion Euros of premiums (compared to 25.2 billion Euros over the same period in 2019). 

Payments to unit-linked products accounted for 8.4 billion Euros from the start of the year, i.e. 36 % of premiums.

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.

Assurance vie : collecte nette positive en janvier 2020

Net inflows for January 2020 were 0.5 billion euros.

From the start of the year, insurance companies collected 11.8 billion Euros of premiums (compared to 12.7 billion Euros over the same period in 2019).

Payments to unit-linked products accounted for 4.0 billion Euros from the start of the year, i.e.    34 % of premiums.

Life insurance market: Positive net inflows in December 2019

Net inflows for December 2019 were 1.1 billion euros.

From the start of the year, insurance companies collected 144.7 billion Euros of premiums (compared to 139.7 billion Euros over the same period in 2018). 

Payments to unit-linked products accounted for 39.5 billion Euros from the start of the year, i.e.   27 % of premiums.

Life insurance market: Positive net inflows in November 2019

Net inflows for November 2019 were 1.2 billion euros.

From the start of the year, insurance companies collected 132.8 billion Euros of premiums (compared to 129.2 billion Euros over the same period in 2018). 

Payments to unit-linked products accounted for 34.8 billion Euros from the start of the year, i.e.   26 % of premiums.

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.

Knowing you better to better insure you

The mission of insurers is to protect you and your loved ones. To support you and your projects. To safeguard you against life’s difficult moments. The current evolution towards a digital world is changing our habits, our lives and our environment. That is why we want to stress our full commitment to ethics, transparency and security. We insurers collect and use personal data: your personal data. This is necessary in order to provide you with a high-quality service in the performance of our job.

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).

The floods that affected the south-east of France in November and December caused insured losses with an estimated total cost of 390 million Euros.

Insurers have already received more than 42,000 claims following the floods that struck the South-East on 22-24 November and 1 and 2 December this year. This figure could rise to 57,000 claims for the two events, with a total cost of insured damage estimated at 390 million Euros.

Signature of an agreement on the recognition and development of trade union career paths in the insurance sector

The French Insurance Federation (FFA) and four trade unions – CFDT, CFE-CGC, CFTC and UNSA – have signed an innovative agreement on the recognition and development of trade union career paths in the insurance sector, with the aim of ensuring the conditions exist for the sustainable development of the presence and activities of trade unions within the industry.