Business nearly 26 billion euros raised in 2019

nearly 26 billion euros raised in 2019


The life insurance market accelerated last year. Collection had reached 21.5 billion euros in 2018, said the French Insurance Federation.

Through Le Figaro with AFP

Life insurance investments remain popular in 2019 with investors despite a context of very low rates.
Life insurance investments remain popular in 2019 with investors despite a context of very low rates. Adobe stock

The life insurance market in France experienced a year in 2019 marked by an acceleration of collection to nearly 26 billion euros, according to figures published Friday, January 24 by the sector federation.

In 2018, net inflows, that is to say the sums deposited by savers less withdrawals, had reached 21.5 billion euros, recalls the French Insurance Federation (FFA) in a press release. In December 2019 alone, net inflows reached around 800 million euros.

In detail, total inflows in 2019 reached 144.6 billion euros, against 139 billion the previous year. As part of this harvest, payments on supports known as “units of accountRepresented almost 40 billion euros, or 27% of contributions.

In a context of very low, even negative, rates, insurance companies struggle to serve returns to customers with so-called euros», Which designate investments whose remuneration is certainly modest but guaranteed regardless of the economic situation. This is why insurers have been trying for several months to encourage their customers to put more of their savings on supports in “units of account», Invested in riskier but also more profitable securities. The amounts paid by insurers to their customers last year represented almost 119 billion euros compared to just over 118 billion in 2018.

Life insurance contracts outstanding amounted to 1,788 billion euros at the end of December, up 6% year-on-year.



Please enter your comment!
Please enter your name here

Latest news

Joe Abercrombie: «The reader often does not know what he wants»

Joe Abercrombie's books (Lancaster, 1974) ooze blood, violence and death. They are as raw as the evil of their...

Fire at the Porterville Library: Children suspected of starting a deadly fire cannot be tried as adults, says the Tulare County District Attorney

Two 13-year-old children seen fleeing the scene were later arrested and held in the juvenile detention center, the Associated...

Hiltzik: congestion, pollution and worse: the disadvantages of Uber and Lyft

Uber and Lyft owe their great popularity to customer-friendly features, such as short wait times, low fares and the...

Netflix couples “Love is blind” classified

Throughout the first five episodes, six couples got engaged and were taken to a resort in Mexico. As their...

Must read

You might also likeRELATED
Recommended to you