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Life insurance was less popular in 2016, However, life insurance remains by far the first French investment.
Life insurance less appealed to savers in 2016. Net collection (deposits minus withdrawals) fell 29% from 2015, which, it is true, was a record year (23.6 billion dollars). euros). In total, households have deposited 16.8 billion euros on their contracts, said Tuesday the French Federation of Insurance (FFA). As usual, they favored funds in euros (80% of payments), less risky than unit-linked contracts (equity funds …). “The units of account are still struggling to seduce savers,” notes Philippe Crevel, director of the Savings Circle.
Despite many headwinds, “life insurance nonetheless resisted well,” says the economist. At the end of the summer, the controversies surrounding the exceptional measures provided for in the Sapin 2 law to protect insurers (and policyholders) in the event of a systemic financial crisis have occasionally diverted households from investing. Some took the opportunity to recover a portion of their savings (drawn from the fund in euros) to realize a real estate project. As of August, withdrawals were more important than in the same period of 2015. Life insurance also paid the price last year for the slight return to grace of the Livret A (collection). € 1.75 billion in the year) after two years of rejection. And the craze for the ELP (18.96 billion
How will policyholders react in 2017?
How will policyholders react in 2017? The insurers have followed the recommendations of the public authorities and sharply decreased (between 0.4% and 0.5% on average) the remuneration of the funds in euros served for 2016. This should fall below the 2% mark. average. Life insurance remains by far the first French investment. Its outstandings reached 1 632 billion euros at the end of December, up 3% year-on-year.
Life insurance was less popular in 2016