A recent study by the Prudential Control and Resolution Authority of the Banque de France forecasts an increase in home insurance premiums of 130 to 200% within 30 years. The reason for his pessimistic forecasts: the continuous rise in temperatures for several years and the effects of drought on housing. The Paca and Occitanie regions are particularly affected…
The price of multi-risk home insurance premiums will increase in the coming years, says the comparator Assurland.com, which insists on the 33% increase in prices over 10 years in France. The reason for his pessimistic predictions: the continuous rise in temperature for several years. A phenomenon which will have serious consequences as its financial weight on the compensation scheme for natural disasters is exponential, writes the comparator. The regions of the South-East, particularly exposed to weather hazards (drought, Cvenol episodes, etc.), show the most significant increases, with respectively +33.3% and +40.6% in PACA and Occitanie.
An increase in insurance premiums of 130,200% within 30 years
A recent study by the Prudential Control and Resolution Authority of the Banque de France forecasts a increase in home insurance premiums by 130,200% within 30 years. According to our information, this increase should pass via the Catnat tax, levied on car and housing contracts. This should increase by 12 18% by 2025. An unpopular measure, which would immediately increase the bill for policyholders, but which will be difficult to escape given the finances of the plan, confirms Assurland.com.
The damage linked to climate change is increasingly costly. Over the 2016-2020 period, natural disasters cost almost a billion euros more per year than for the 2011-2015 period, to settle at an average of 1.7 billion. According to France Assureurs, the organization that brings together a large part of the profession, it is necessary count 43 billion euros in cumulative damage by 2050. As a result, insurance companies anticipate the risk (contracts at a prohibitive price) or refuse to cover areas that are too exposed.
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In addition to prevention, some insurers also believe that the level of contribution should better correspond to the real risk. Either the end of mutualisation so dear to the French system.
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