France: The insurance sector undertakes to contain the rise in premiums | Photo credits: ricochet64 / Shutterstock.com
(Updated with quote from Bruno Le Maire and context)
PARIS, Sept 20 (Reuters) – French insurers have pledged to keep the average premium for car and home insurance below inflation in 2022 and 2023 as part of an “anti-inflation package” designed to protect the purchasing power of households, announced Tuesday the Minister of the Economy, Bruno Le Maire, and the president of France Assureurs, Florence Lustman.
“I am delighted that the insurers have undertaken to contain the average amount of insurance premiums below the level of inflation in 2022 and 2023”, declared Bruno Le Maire, during a press conference at the end of the meeting. a working meeting with representatives of the insurance sector.
“This makes it possible to put in place, after the energy shield, after the banking shield, an insurance shield (…) to prevent the price of insurance premiums from skyrocketing in the coming months”, added the minister.
French banks pledged last week to limit the rise in bank charges to 2% in 2023.
Faced with soaring energy prices, the French government has for its part decided to extend the tariff shield next year, with a cap on price increases of 15% for gas in January 2023 and 15% for electricity in February. (Written by Jean-Stéphane Brosse and Matthieu Protard, edited by Kate Entringer)