Life insurance: collection stalled in June

Premiums, however, reached in the first half an “unprecedented level since 2010”, according to France Assureurs, at 76.4 billion euros.

Net inflows from life insurance are just in the green in June, recording only 600 million euros, against 1.2 billion in June 2021, according to France Assureurs. We have to go back to December 2020 to find such a low level (500 million euros). ” The deterioration of the economic context has led households to favor precautionary savings and in particular the Livret A whose rate has been and will be reassessed again “, analyzes for its part the Cercle de l’Epargne, which specifies that June is a month traditionally ” medium “.

Premiums in life insurance amounted to 11.9 billion euros in June, down 1.4 billion euros over one year. The share of unit-linked contributions stood at 42% over the month. Benefits were also down over the month compared to last year, at 11.3 billion euros (−0.7 billion euros compared to June 2021).

Unprecedented level of contributions in the first semester since 2010

The French are far from having shunned this placement this year during the first six months of the year. At 1er In the first half of 2022, net inflows stood at €12.1 billion, i.e. €1.8 billion more than in the first half of 2021, boosted by UCs. It amounts to 20.9 billion euros in UA and remains negative in euros (−8.8 billion euros). As for the contributions, they reach in the first semester a “ unprecedented level since 2010 “, according to France Assureurs, at 76.4 billion euros (+0.7 billion euros compared to the 1er semester 2021).

In detail, contributions in UC amounted to 1.5 billion euros (+8%), while contributions in euros amounted to 44.9 billion euros (−3%). The share of unit-linked contributions totaled 41% on the 1er semester, compared to 39% for the whole of 2021. Life insurance contract outstandings also stood at 1,821 billion euros at the end of June.

Eurocroissance in good shape

Another notable trend is the jump in Eurocroissance funds. In the first half of 2022, net inflows from these contracts amounted to €736 million. That is three times more than in the 1st half of 2021 (254 million euros). At the end of June 2022, the outstanding amount of Eurocroissance funds was 5.4 billion euros (+44% over one year) for 351,000 contracts in progress (+19% over one year).

Lastly, since the start of the year, some 216,000 life insurance contracts have been transferred under the Pacte law, excluding transfers of pension insurance contracts to a PER. Only 159,000 were transferred in the second half of 2021. The amount transferred reached 8.1 billion euros, after 6 billion euros in the second half of 2021.

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