Contracts must now offer at least one solidarity fund among their account units, but some insurers go further.
by Agnès Lambert
A sudden craze. In 2021, the outstanding solidarity life insurance swelled by almost 50 %, reaching 3.5 billion euros, according to figures unveiled by the Fair association in June. A drop of water, of course, among the 1,800 billion euros placed in total in life insurance in France, but the dynamics delight this structure promoting solidarity finance, which sees it as the premises of a “rise in progressive power “.
“We noted last year the first effects of the 2019 Pact law,” said Frédéric Tiberghien, president of Fair. Since the 1 er January 2020, the law imposes that each multi-support life insurance contract (contracts which allow to invest in units of account, these supports for which there are No capital guarantee) offers at least a support labeled ISR (socially responsible investment), a “green” fund (labeled Greenfin) or a so-called “solidarity” account unit, that is to say devoting 5 % to 10 % of its assets to finance social and solidarity economy structures (ESS).
The obligation has been strengthened since January 1, 2022, since contracts must now offer these three types of account units. “The Solidarity Habitat and Humanism Fund is now referenced in a hundred life insurance contracts, against less than thirty three years ago”, confirms, for example, Lydie Crépet, director of the development of housing financial resources and Humanism, a federation that acts in the field of housing and integration. However, remains to transform the test: convince savers to subscribe.
“convince insurers”
Beyond these united units of solidarity account, two life insurance contracts are buffered “Finansol”, the label which refers in solidarity finance, managed by Fair: the solidarity contract of Crédit Agricole Assurances and the responsible and solidarity of maif.
This means that their fund in euros (support which offers a capital guarantee) is also united. “To be eligible for the Finansol label, funds in euros must be invested up to 2.5 % minimum in solidarity activities, details Mr. Tiberghien. The issue is now to convince insurers to get into it frankly, For example by transforming contracts into existing euros into solidarity contracts. “
In addition to its fund in euros in solidarity, the responsible and solidarity contract of the MAIF offers fourteen units of account, including two solidarity, managed by multiple management companies. As for the solidarity contract of Crédit Agricole Assurance, labeled Finansol from its launch in 2013, it offers eight units of account, seven of which are united. Its fund in euros devotes from 5 % to 10 % of its assets to financing the social and solidarity economy (ESS) by the 100 % solidarity fund Amundi finance and solidarity.
You have 15.67% of this article to read. The continuation is reserved for subscribers.