The insurance missions: to protect households and businesses and finance the economy

The insurance missions: to protect households and businesses and finance the economy

In 2012, in a particularly difficult environment, insurance held the role that is his own, both in her support in financing the economy than in the support and protection of households and businesses.
Interview with Bernard Spitz, President of the FFSA
French insurance
The insurance missions: to protect households and businesses and finance the economy
Bernard Spitz, President of the FFSA - Photo: Baptiste Hamousin
What conclusions can we make the year 2012 for the insurance industry?

The year 2012 was atypical for the insurance sector. First I would like to remind the essential: in a particularly difficult environment, insurance held the role that is his, both in her support in financing the economy than in the support and protection of households and businesses.
In France, the year that just ended was marked by the priorities of reducing public expenditure, accelerate structural reforms and put our business on the road to competitiveness. All this in a single purpose: the return to growth and employment.
Insurance is one of the sectors involved in achieving these goals. The economic model of our industry is simple: insurers cover the risks insured for the long term. They invest the bulk of money entrusted to them in business, particularly through stocks and bonds, and thus allow the financing of growth-enhancing projects. In 2012, investments of insurers in business continued to grow to exceed the symbolic threshold of 1,000 billion euros. Insurers have also made 4.2 billion new investment in SMEs and ETI. Finally, insurance companies are the first domestic debt holders of the French state.
As we see, the insurance remains the lifeblood of economic growth. It also plays an integral role in the economic shock crisis that our country is going through.
Among the measures taken in 2012, there raising the ceiling of the Livret A and LDD. What was the impact on the life insurance?

The increase in the ceiling of the Livret A and LDD led the French preferred placement of their savings on these books at the expense of other investments including life insurance. We observed in 2012, for the first time, a negative net inflows of € 3.4 billion on life insurance contracts, while net inflows of regulated savings peaked at the same time 49.2 billion.
This "preference" given to short-term costs the taxpayer a euro invested in the booklet A cost four times more expensive than budgeted euro invested in life insurance. It also penalizes our economy because it does not support the growth that feeds on long-term investments. It is essential to reorient the household savings into long-term savings, including maintaining its tax benefits for life insurance.
The year 2012 was marked for the insurance industry in a significant tax burden.

Rather than discuss the year 2012, I prefer to take stock of the past four years. Since 2009, if we add all the fees and taxes, the insurance industry faces a heavier its tax of 8.7 billion euros in annual recurring tax and € 3 billion one-time sampling.
General measures supported by all the companies have added specific measures for the financial sector or the insurance sector as a tax on financial transactions, broadening the tax base on wages and social solidarity contribution of insurance companies and the new "exit tax" on the capitalization reserve represents alone, 800 million euros.
Our industry is involved in far more than its share to the fiscal effort required of the community. The tax burden is reflected especially on performance rates on life insurance contracts.
What has been the behavior of households and for insurance companies during 2012?

Regarding health insurance, we observed an overall decrease of 6% contribution for the year, in particular because of the situation of crisis in our economy and the decline of life insurance inflows.
The amount of benefits and compensation is almost stable at + 1%. The insurers paid $ 131 billion in 2012 to their insured under the insurance (Savings, Provident).
Property insurance and liability premiums are rising in all sectors except the construction whose activity recorded a slowdown. The amount of claims is also an increase of 4% due to an increase in the average cost of compensation. In 2012, insurers have paid 35 billion euros of losses in property insurance and liability.
These figures speak for themselves: Insurance is present every day from households and businesses. It is a considerable advantage for the French economy.
What will be the major market areas of development of insurance in 2013?

In 2013, it is imperative to continue to give insurers the means to continue the role that is theirs in the financing of the economy.
To do this, life insurance should receive some tax and regulatory stability in order to maintain the confidence of investors. Moreover, the demands of European insurance players on the evolution of international financial standards must be heard by the European authorities. In the context of Solvency 2, launching an impact assessment in late January should enable the forthcoming adoption of counter cyclical measures that will allow our industry to continue to invest to support growth in Europe.
In 2013, the insurance part, as she used to, to advance the reflections on the great debates of society. It will continue to intervene in support of existing public programs in the areas of health, retirement and dependence. It is indeed the responsibility of insurers to help ensure that as many of our citizens have access to complementary health, to prepare their retirement in the best conditions and have adequate support during any input dependence.
In insurance of property and liability insurers will continue the many projects already underway including the fight against fraud, the fight against uninsured or evolution of HRM conventions. They also will work to adapt their offerings to environmental and societal changes that affect areas such as natural disasters, bioethics, digital risk, environmental responsibility, etc.
The year 2013 will again be an important year for the insurance industry with many challenges for households, businesses and the economy of our country. Insurers will strive to continue to perform the tasks that are theirs: to protect households and businesses and finance the economy.

Top 20 Insurance Companies in France

Top 20 Insurance Companies in France

AXA CA 1: 78,755,000 € bn - 81,025 pers Insurance

2 CA CNP ASSURANCES: 31 922 000-3 247pers Insurance

3 Predica (Crédit Agricole) CA: 23200000 - Insurance 792pers

4 AGF IART CA: 17 650 000-30 845pers Insurance

5 BNP PARIBAS ASSURANCE CA 15 600 000-5 000pers Insurance

6 GENERALI INSURANCE FRANCE CA: 14 200 000-9 000pers Insurance

7 GROUPAMA CA: 14 160 000-33 000pers Insurance

8 SOGECAP (Société Générale) CA: 9658220 - 873pers Insurance

9 CREDIT INSURANCE OF MUTUAL CA: 8 016 396-1 683pers Insurance

AVIVA CA 10: 6 400 000-3 550pers Insurance

11 THE WORLD CA: 5 461 000-2 454pers Insurance

12 GROUP * SWISS LIFE FRANCE CA: 5 215 000-2 250pers Insurance

CA MMA 13: 5 208 000-7 023pers Insurance

14 MACIF CA: 4 701 117-8 698pers Insurance

15 NATIXIS ASSURANCES CA: 4290600 - 240pers Insurance

16 GMF GROUP * CA 3 623 000-6 124pers Insurance

17 CA MAAF ASSURANCES 3 385 000-6 809pers Insurance

18 SCOR CA 2 935 000-1 900pers Insurance

MAIF CA 19 2 606 639-6 292pers Insurance

20 EULER HERMES CA 2 011 820-5 399pers Insurance

Source: Ranking Expansion

Insurance: the dynamics is launched

Except South Africa, the largest regional market, the continent has become clear as an unexplored field for industry groups.

For the first time, Young Africa offers the ranking of the top hundred African insurers against fifty other years. Justified by changing the growing number of responses we receive to our annual questionnaire but also by the dramatic growth dynamics experienced this activity across the continent. And the phenomenon should not stop, the development potential of being very important sector.

The total of the top 100 insurance premiums reached $ 34.8 billion in 2010.
As proof, when the insurer fiftieth of our latest rankings posted $ 33.4 million (€ 23.3 million at the time) premium (the measure of sales in insurance), the fiftieth of year to realize $ 53 million (€ 40 million).

Ivorian Surprises

Not surprisingly, the order is complied with. The first African market, South Africa, monopolizes the top ten places in the ranking, with eight players over the billion dollar bonuses. Behind, Morocco continues to rise, the market is led by two bancassurance, RMA Wataniya (BMCE) and Wafa Assurance (Attijariwafa Bank). Beyond that, the surprise comes Ivorians. Despite extremely low insurance penetration rate in sub-Saharan zone (less than 1%), two local groups have managed to crack the top twenty to five players on the continent identified in our ranking. A success due to a well-conducted regionalization. NSIA is so present in twelve countries in West Africa and Central Africa.

The Colina closely with eleven countries. Both have strong financial partners: NSIA with capital investor Emerging Capital Partners and Colina with the Moroccan group Saham, which has moreover the advantage of being an insurance specialist. The group of Moulay Hafid Elalamy indeed holds CNIA Saada, the leading independent insurer in the country, including leading car insurance. It takes little as a third insurer is joining the Ivorian duo. Sunu Assurances would indeed have had to drag Colina not far behind in our ranking. But the company is headquartered in Paris, although one of its leaders in Abidjan and if its main subsidiary is also ...

SMEs in focus

Except South Africa, where the market is already mature, the development of insurance all over Africa seems certain. While large companies are all covered, this market is already very competitive, the real development issues are elsewhere: on small and medium enterprises and the general public, particularly in life insurance.


Innovation is a key to future success. And micro-insurance product tailored to the local population income. German Allianz, very present in Africa, has set up in Côte d'Ivoire, with the main microfinance institution in the country, a suitable product: simplification of the implementing rules, very low rates (from a few euros ) ... He is not alone: ​​a growing number of insurers have approached microfinance organizations. The mobile insurance is also a track; a means, in any case, to distribute insurance products to mobile subscribers by allowing them, for example, to save the minutes of unused communication.

Car Insurance AllSecur 3 months free for new vehicles

AllSecur is a direct insurance brand belonging to the Allianz Group. It offers self contracts, home and health for individuals, theoretically competitive prices (due to the absence of intermediary).

Car Insurance AllSecur 3 months free for new vehicles

AllSecur offers a promotional offer on their auto insurance policy:

3 months off the first year of assessment for vehicles of less than one year;
2 months off the first year of assessment for the vehicles from one to six years old.

Offer information AllSecur

Amount of the offer: 2 or 3 months off the first year depending on the age of the vehicle

Offer conditions:
- For new customers
- In All-perils only
- By monthly direct debit

Company: AllSecur | Product: Car Insurance

Type: Months offered

Standing Offer

Imprint of the offer:
Reduction of 3 months if the vehicle in question is under a maximum of one year or reduction of 2 months if the vehicle in question was between 1 and 6 years on your annual fee the first year for a subscription of a self AllSecur contract formula all risks with monthly sampling.

2 months free on car insurance Allianz

With the Paris Motor Show this fall 2014 in Paris (October 4 to 19, Porte de Versailles in Paris), insurers are launching promotional offers on car insurance to accompany the new car sales. Allianz proposes an equivalent reduction to two months in the first year of assessment. This discount is valid for the formulas "all risks" or "intermediary".

Note that Allianz will have a stand at the motor show. There animations will be organized around the themes of road safety and Formula 1, including the exceptional presence of Nico Rosberg at the booth on October 17th. You can also participate in contests to win trips or make an auto insurance quote (with a draw to win € 3,000).

Information Allianz offers

Amount of the offer: 2 months free the first year of contribution

Offer conditions:
- For new customers
- All-perils and middle

Company: Allianz | Product: Car Insurance

Type: Months offered

Added: 01/09/2014 | Expiration: 31/12/2014 | Temporary offer

Imprint of the offer:
Reduction equivalent to 2 months of annual fee for any new subscription of a contract eAllianz Auto, All Risks in formula or formula Intermediate. Offer subject to conditions, valid from 1 September to 31 December 2014.

History of insurance

The origins

The insurance as "fraternal" or "research protection" existed from ancient times. Traces of practices akin to insurance exist particularly in Mesopotamia, where conducting a breakdown between traders of the costs of theft and looting caravans. Other examples are also present in Egypt and Ancient Rome.

The loan to the "big adventure" and the birth of marine insurance

But these practices are still far from the modern insurance that truly has its origins in the "ready for the big adventure."

This type of loan adapted to maritime trade was practiced by the Greeks and Romans. Merchant bankers were using to finance their maritime expeditions that cost often very expensive. If the boat was sinking, the merchants had nothing to repay the banks; by cons, if he could safely banker was repaid and could receive a very high compensation.

Picked up from the twelfth century, the loan "to the big" had several abuses at interest rates that encouraged Pope Gregory IX to prohibit usury in 1234.

Therefore, it was necessary to find a system for the lender to be certain of its loan: bankers or other merchants agreed to guarantee the value of the ship and its cargo in exchange for a sum of money previously provided . Marine insurance was born and continued to grow in the ports of the Mediterranean and the Atlantic. Oldest insurance contract we track was subscribed in Genoa in 1347 and is also in Genoa was founded as the first marine insurance company in 1424.

The legislated marine insurance business


From the thirteenth century, the profession is organized and laws have appeared in different cities. The development is slower in France than in other countries, mainly because of religious blockages. It was not until 1681 and Colbert for the marine insurance business is legislated.

The "General Insurance Company and big adventures" born by an edict of Louis XIV in 1686 and in 1786 are created the "General Insurance Company against the fire" of Perier brothers and "Insurance Company against fire "from Claviere and Batz.

The development of life insurance

If the Marine Insurance is the first insurance in its modern form, other types of insurance arose thereafter, including life insurance in the seventeenth and eighteenth century.

With the tontine, the Italian financial Lorenzo Tonti in 1652 created a form of insurance with a procedure similar to life insurance. ROSCAs are, even today, associations of persons established for a certain period and that pool of funds. Following a previously defined duration, the association is dissolved and the funds distributed among the people. The first royal tontine are allowed at the end of the seventeenth century and several tontiniers loans are launched in the eighteenth century. In 1770, the royal tontine are converted into fixed-rate annuities by judgment of the King of France of the Council.

In 1787, the "Royal Life Insurance Company" is created and in 1788 the Edict of July 27, forced the "Insurance Company against fires" to divide into two branches: one against fire, the the other on life.

Modern insurance from the nineteenth century

The French Revolution has slowed the development of the modern movement insurance in France. But in 1816, a royal decree authorizes insurance against fire and in 1818 the State Council authorizes the life insurance. Therefore, several companies are created and thrive rapidly the Union (now AXA and UAP), Royal (now National and GAN), the General Insurance and the Phoenix (now AGF, now belonging to the Allianz Group).

Gradually, other potential risks are operated by insurance companies: accident, broken windows, hail, livestock mortality, theft, various civil responsibility ...

The late nineteenth century has several key dates in the development of insurance for individuals:

The Law of 1 April 1898 widens the scope of mutual who can now practice all forms of insurance or specialize
The law of 9 April 1898 on compensation for industrial accidents makes it mandatory providing evidence of the responsibility of the employer by the employee injured. This founding law allows a generalization of accident insurance for all workers and establishes the true state control on insurers.
The development will continue and accelerate in the first half of the twentieth century, including the arrival of new damage insurance needs (automobile, miscellaneous goods ...)

New structures are created to organize the activity: National of insurance agents Union Federation (FNSAGA) in 1919, the Central Bureau of French insurance companies for the study of statistics on car accidents in 1930 The French Federation of Insurance Companies in 1936 ...
Laws regulating the activity are passed: the Law of 13 July 1930 regulating the insurance contract, the law on auto insurance in 1935, the Decree-Law of 14 June 1938 standardizing the various regulations and control of the State insurance and capitalization companies, the Act of 12 July 1940 relating to the direction of the Insurance Department of Finance and the Law of 25 April 1946 on the partial nationalization of 34 insurance companies in groups (UAP, AGF, Gan ...) and the creation of the Central Reinsurance Fund (JRC).
In the second half of the twentieth century, the area is organized and regulates as we know it today. Auto insurance is required by law of 27 February 1958 and the Insurance Code was officially established by Decree of 16 July 1976. Subsequently, different laws will improve the protection of policyholders and facilitate their compensation, including conventions between insurers. Finally, the sector is definitely liberalize the privatization of state-owned companies in the 1990s.

Good to know: all dates and details are available on the chronology of the sources of the Guide on the history of insurance, available on the website of the FFSA.

Insurance and telecare for the elderly

The government takes new measures to help the elderly, private insurance dependencies and telecare are being honored.

The government has announced that support for autonomy for dependents will be reviewed early in 2015 to the tune of € 375. This gesture confirms the commitment of the government to support the possible dependents, aid for establishment to help seniors stay at home telecare is part of the essential equipment for the security of the elderly at home. The advanced hardware system can provide security for people with reduced mobility. The government's announcement could help support some of telecare contributions. The desire to keep the elderly in their homes, because the costs of nursing homes or EPHAD are relatively expensive for retirees, these establishments are more limited number of places. You can get information on telecare. This remote alarm system consists of a transceiver box connected to a phone jack, the system fits over a standard phone jack and the ADSL box.

In the news of February 12, 2014 the government wants to implement in order to assist and facilitate the lives of older people in their homes.

Technical aids such as remote assistance, support bars 140 million euros.
Private insurance dependencies, social and tax allowances.
For family caregivers of aid relief, ease to take leave.
Adapt housing 80 million.

The car without a license and insurance

Once shunned the car without a license is now in fashion, because previously it was nicknamed the plastic car, because the production of unlicensed cars was minimal, with low quality materials and most importantly, it did not offer much security features due to its very fragile body.

Now the car without a license is a tendency on both the need for citizens to have a vehicle that takes up little space for parking, and especially the fact that the car manufacturers producing these cars, with almost the same options and quality materials for conventional automobiles. Recently out of the Renault Twizy which also gives no license is a sacred facelift to these cars and revitalizes the automotive sector.

For unlicensed car insurance, it is similar, these assurances have adapted to this market and evolve with it, offering specific cover all possible options of insurance, we recommend you this site which allows get online car insurance quote without license list price with the option to purchase online.

Auto insurance suspension licensed drug withdrawal

This is often accidental but so dangerous to operate his car with a blood alcohol level at the legal maximum set by the government, you are prompted with friends and a drink too many and it is the penalty, you cause an accident because your reflexes are decreased due to alcohol or you are controlled by police police or gendarmerie and the conviction by the court does not take long to notify you of the suspension or revocation of your driver's drive. In this case what to do after the withdrawal of permits, and even if the prices are not the best market you can always make cous with specialized insurance auto insurance suspension view license retirement.

You can ensure faster in most cases after seizure, your price request, you must file online documents specifying the type of conviction for alcohol or drug so that your driving license and your record information and registration card your car processing your estimate is performed under two hours and you can register online immediately.

Being certified to drive a motorcycle: a prominent issue for road safety

The motorcycle license is a document that allows to drive a motorcycle legally. But its importance is often minimized. This document is indispensable to be able to ride a motorcycle not only legally but also safely. Moreover, one must follow a training conducted in a motorcycle training center approved by the State in order to obtain a motorcycle license. This reduces the risk of accidents because the motorcycle licensees perfectly mastered the various rules and codes of conduct motorcycle.

The motorcycle license is very important because it ensures drivers both responsible and aware of the danger of misconduct of this kind of vehicle with 2 wheels. In addition, the majority of the holders of a motorcycle license bikers are much more aware of their surroundings when driving. In addition, they are perfectly capable of ensuring that their driving mode fully respects other road users (cars, pedestrians ...).

Such importance has earned the motorcycle license to be declared compulsory in France and several other European countries. To obtain the permit reliable and 100% legal, it is preferable to pass a motorcycle training center approved by the State.

Get motorcycle license in a training center approved by the state motorcycle

Above all, be aware that a motorcycle training center means a specialized school in the formation of motorcycle riding. In particular, one can obtain a permit accelerated in Bordeaux from a motorcycle school CFM. Indeed, this center provides adaptable training programs at all levels. As they are feasible either accelerated courses of 5 days, or semi-continuous training.

Through teachers and trainers who are both competent and qualified training center makes learning bikers driving techniques of the various types of motorcycles and the various security rules to respect.

Motorcycle training centers offer comprehensive training (theoretical and practical), which vary in length from 24 hours to several days. The theoretical training courses gives assimilate motorcycle codes that avoid the risk of accidents. Practical training is generally act motorcycle internships that allow them to hone driving techniques.

Motorcycle training centers are then passed to candidates strict tests and examinations that assess their skill level. Those who have obtained satisfactory results, can then get their motorcycle license