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Operating losses: the gendarme of insurance investigates contracts

2020-05-07T19:27:20.243Z


The ACPR has been examining these contracts at the heart of heated controversies since the start of the Covid-19 crisis.


The pressure does not fall for insurers. The Prudential Control and Resolution Authority (ACPR), the insurance policeman, has just opened an investigation into business interruption insurance. "The ACPR has decided to establish an inventory of the main contracts marketed on the French market " ,said the regulator on Wednesday evening. Its objective is to shed light on these guarantees in order to have a precise vision of this small market. Supposed to cover the loss of turnover linked to a slowdown or a cessation of activity, these contracts have been, since the beginning of confinement, at the heart of lively controversies: between insurers and small businesses claiming compensation, but also between the insurers themselves. The latter have been torn apart since Crédit Mutuel offered a premium to its policyholders. An initiative followed by other bancassurers and the MMA.

Clauses not specific enough

The vast majority of operating loss policies - which are relatively low

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Source: lefigaro

All business articles on 2020-05-07

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