Inflation and increased competition of the booklet pushed insurers to raise the yield of their funds in euros. Some of them can count on juicy reserves.
by Aurélie burden
life insurance knows how to reinvent itself. The envelope with 1,842 billion euros (at the end of 2022) continues to seduce French savers, against everything. Throughout the year 2022, the latter paid 14.3 billion euros net of withdrawals.
Over the years, life insurance has been transformed to adapt to the evolution of the economic environment: a product focused on the fund in euros (guaranteed and essentially invested in bonds), It has been enriched with an ever more complete panel of account units, a generic term describing unsuitable investments, as diverse as equity funds, real estate media or not listed investment.
pushed by companies and by financial advisers to diversify their savings, the French have gradually adopted these products: while the share of account units in the collection weighed between 10 % and 15 % in the early 2010s, this last now amounts to almost 40 %. At the same time, the euro fund saw its yield melt, going from 3.40 % in 2010 to 1.30 % in 2021, according to France Insurers. Can the trend be reversed in 2023?
The 2022 levels of return, communicated by insurers for a few weeks, show in any case that this guaranteed medium finds colors. This is particularly notable in banking networks, which serve high increase rates for their customers. At the top of the list: Predica, the Crédit Agricole and LCL insurer. The remuneration of the fund in euros increases in particular by 1.25 points for the main public contract predissime 9 series 2 with a floor rate at 1.90 %. The latter can be increased to 2.70 % for customers carrying 50 % of account units or more.
In Crédit Mutuel and CIC, customers having taken out a life insurance plan contract benefit from a rate up 1 point, between 2.10 % and 2.60 % for holders of the basic version .
At BNP Paribas, the flagship contract, BNP Paribas Multiplacements 2, serves an equally solid yield, which runs from 2 % to 2.95 % depending on the share of account units.
Finally, Séquoia, one of the contracts of Société Générale, paid between 1.60 % and 2.96 %, up 0.89 % on average.
At Banque Postale, holders of a 2 -series cashmere contract 2 received 1.40 % to 2.80 %. As for CNP Assurances, which once ensured the Ecureuil envelopes, it published a basic rate of 1.35 % for 3D nuances, one of the mastodons of the network, although closed to marketing. This has been well revalued and it can climb up to 3.04 % with the bonus for holding units of account.
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