What strengths can CNP Assurances leverage to meet the challenges associated with longer life expectancies? Frédéric Lavenir - It’s a real challenge, helping people to enjoy well-being at every stage in their life, including of course in retirement. In line with our historical mission, we intend to take up this challenge by leveraging our expertise, our experience, our range of personal services, our close ties with the mutual insurance sector and the employee benefits institutions, and our other core strengths. As a major player in the fast-changing market for social protection and related services, our ambition is to meet the needs of our fellow citizens as closely as possible. For example, we are developing a solution for SMEs and micro-enterprises that combines health, death and disability cover, a pension plan and long-term care insurance and also includes a personal services package. And of course, as soon as the “euro-croissance” contract gets the green light, we will be ready with our own version of this new generation life insurance product that combines protection insurance with a long-term savings formula. It goes without saying that these offers are developed first and foremost for our major banking partners.
• Caisse des dépôts et consignations, represented by Jean-Pierre Jouyet, Chief Executive officer of Caisse des Dépôts et Consignations
• Marcia Campbell(2), Chairman of the Scottish government's green Investment Advisory Board
From left to right Thomas Béhar, group Chief Actuary; Marie Grison, group Chief Risk officer; xavier Larnaudie-Eiffel, Deputy Chief Executive officer; Michel Bois, Programmes and Information Systems Director; Corinne Gouthière, Company Secretary; Frédéric Lavenir, Chief Executive officer; Magaly Siméon, Director, Social Protection and Services business unit; Yves Couturier, Director, open Model business unit; Martine Vareilles, Director, La Banque Postale Partnership business unit; Antoine Lissowski, Deputy Chief Executive officer, Finance Director; Thomas Chardonnel, Director, BPCE Partnership business unit; Bérengère Grandjean, group Human Resources Director; Thierry Claudon, Director, Latin America business unit
CnP Assurances’s innovations in the area of term creditor insurance have supported the development of the Caisses d’epargne’s personal lending activities by reducing the related risks. With standard guarantees extending from death and incapacity cover to very attractive unemployment cover, these innovations have enabled the majority of the network’s borrowers to obtain insurance.
CnP Assurances’s premium income in europe excluding France totalled €3.5 billion in 2013. This represented a 50.7% increase on 2012, before taking into account the €420 million in non-recurring revenue from a group pensions contract signed during the year.
exclusively via the internet. for this pure player, the key to success lies in ensuring that the customer experience is efficient, intuitive and secure. the full on-line format initiated by Cnp assurances provides instant added-value for all stakeholders.
increase in the number of personal risk contracts signed in 2013. in employee benefits, the mutual insurers partnership centre had a good year, reporting premium income of €883 million. Of the total, €232 million was generated by the new MFPrévoyance subsidiary which has given CnP Assurances a strong presence among the major mutual insurers that cover public sector employees. The revamped personal risk and long-term care offers should start contributing to business growth in 2014.
CNP Assurances has been investing in forestry assets for fifty years and is now the largest private owner of woodland in france with over 54,443 hectares at end-2013. the woodlands are managed by société forestière, a 50%-owned subsidiary, using methods that protect their biodiversity and pro-actively plan for the impact of climate change. they have been certified by the Pan european forest Council (PefC) and also meet the requirements of iso 9001.
a subtle balance our expertise is based on 160 years of observations and calculations. We have improved our analysis of risks with every passing year and every new event. in cover” with a minimum payout of €7,500. in brazil, Caixa seguros was the first insurance company to offer protection to people with low incomes, back in 1995. since then, it has become the leading provider of micro-insurance with 95% of the market. its flagship product, Amparo funeral insurance, offers a wide range of guarantees for bRl 2.50 (less than €1) per month. since the product was launched in 2011, over 218,000 policies have been sold.
saving lives First-aid for heart attack victims is the Foundation’s second area of outreach. it is providing funding to local communities for the installation of defibrillators in public places and for the organisation of training for local inhabitants on life- saving gestures. in 2013, defibrillators were installed in 42 communities, such as Astille, Méricourtsur -somme and salon-de-Provence, raising to over 2,100 the number of defibrillators installed in the past five years.