In terms of placement, insurers have been able to renew the offer accessible in contracts. But the products offered can lead to bad choices.
by Aurélie burden
In recent years, insurers have sought to enrich their units of account units in order to satisfy the widest possible audience. They mainly referenced supports likely to attract customers that are not very open to risk.
Some are a real success, starting with real estate products. More specifically, it is civil companies and real estate civil companies (SC and SCI) that take off in statistics. On the first nine months of 2022, they captured more than 8 % of the collection towards uninformed supports.
responding to this craze, many new products allow to expose themselves to the real estate market through life insurance. Their major assets? Limited entry fees that seduce savers and a cash pocket that quietly quietizes insurers. Another favorable element: a solid and stable gain. In 2021, the average yield of SCIs thus rose to 3.5 %, according to the Professional Association Aspim. The 2022 performance, which is not yet known, should be quite close to this level.
While the real estate market is starting to suffer from the cost of credit, however, it is necessary to be vigilant towards this type of support. “We are now very cautious about real estate, for example on civil companies, especially those exposed to Anglo-Saxon markets, which have decreased around 30 % on certain asset classes in recent months, says Edouard Michot , President of InsuranceVIE.com. Those who have a lot of money to invest will be able to do so on advantageous conditions, but those with large outstanders will not come out unscathed. “
difficult to s ‘Identify it
Structured funds are also on the rise: they have been noticed in consumer contracts for a few months. They make it possible to take advantage of part of the increase in equity markets, according to a scenario determined in advance, while being protected against a drop. However, since the summer of 2022, market conditions have authorized the creators of these formulas to offer to guarantee capital at maturity (five, eight or ten years). “On paper, these products have lots of assets, but you have to choose them well,” comments Edouard Michot.
The fact remains that the structured funds are complex and it is necessary to be wary, in particular, of the clues used in the formulas. Often, they offer fixed remuneration (6 % per year for example) if the index chosen is up over one year on the anniversary of the placement. “The problem is that the manufacturers of these funds resort to synthetic clues, built from scratch, which do not look like general indications at all [CAC 40, Dow Jones, Nasdaq…], details Edouard Michot . Better to opt for products with lower remuneration but simpler clues. “
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