The mutual bank has announced the upcoming launch of a new low-cost home insurance contract. The objective: To enable the French to maintain a satisfactory level of insurance in a context of lasting increases in insurance prices.
Good news for all French owners and tenants: Crdit Agricole will launch in June 2024 Eko insurance on the home offerannounced Tuesday Guillaume Oreckin, general manager of Pacifica, the property and casualty branch of Crdit Agricole Assurances, during a press conference reported by The things. The objective: To enable the French to maintain a satisfactory level of insurance in a context of lasting increases in insurance prices.
This is not the first time that Crdit Agricole has offered this type of product. At the end of 2022, the mutual bank had already launched home insurance at 6 euros per month, reserved for tenants under 31 years old living in a studio or two-room apartment. A particularly competitive offer, since it costs 72 euros per year, compared to 268 euros on average according to the France Insurers Federation. And this low price does not in any way result in a discount on guarantees.says Nicolas Denis, the general director of Crdit Agricole Assurances.
Go for reconditioned to lower the cost of compensation
This new offer responds to various current issues. On the one hand, inflation erodes consumers’ purchasing power. On the other hand, the increase in climate losses is increasing the bill for insurers. Pacifica therefore wants to better manage the price response. We will have the Eko formula, then we will have a balanced formula and we will keep our flagship [bas sur] new equipment, all goods of all ages, specifies Guillaume Oreckin.
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Although the exact contours of this new offer are not yet known, it will be aimed at both tenants and owners. She will rely on the desire to repair more and move towards reconditioned products to lower the cost of compensation claims, based on the model of the use of recycled parts in automobile repairs. An easier approach for electronic products, where the sectors are well organized, but more complicated for household appliances, explains Guillaume Oreckin.