This is a sequence unseen for more than two years, preciseitself the French Insurance Federation (FFA).
The French life insurance market recorded positive net inflows of 2.3 billion euros in November, according to provisional figures released Thursday by the French Insurance Federation (FFA).
Net inflows thus exceed the threshold of 2 billion euros for the second month in a row, “sequence unseen for more than two years», Specifies the FFA.
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With an amount of 12.4 billion euros, the contributions in life insurance, or deposits, reach “a level never observed“In the past for a month of November, assured Franck Le Vallois, Director General of the FFA, during a presentation to the press. The previous record of 12 billion was recorded in November 2006.
At the same time, the amount of benefits, or withdrawals, for the month of November remains “overall stable“, To 10.1 billion euros,”whether compared to November 2020 or 2019“.
Contributions in units of account (UC), which offer a potentially higher return than funds in euros in exchange for taking risk, “remain at a high level in November, at 4.9 billion euros“, According to the FFA.
“Here too, the figures are unpublished for the month of November», Comments Franck Le Vallois.
At the start of the Covid-19 epidemic, and until fairly recently, life insurance suffered particularly in favor of the Livret A, the French preferring to have savings readily available.
Over the first 11 months of the year, net inflows amounted to around 12 billion. “It is obviously a very strong commercial dynamic“Greeted the Director General of the FFA, far from the difficulties of 2020, a year which ended in an outflow of 6.5 billion euros.
Life insurance is thus regaining in popularity, with 18 million policy holders and 38 million beneficiaries.
Franck Le Vallois also underlines a “record number of retirement savings plan subscriptions“(PER) with 130,000 new subscriptions, an increase of 69% compared to November 2020. There had never been so many new subscriptions in a month since the launch of these plans, introduced by the Pacte law in 2019.
The PER thus had 2.5 million policyholders at the end of November for an outstanding amount of 27.1 billion euros.