After an excellent year 2021, life insurance garnered less savings from the French in 2022, unlike the Livret A which was a flamboyant success, according to data published Thursday by the federation France Assureurs.
Last year, deposits exceeded benefits paid in the event of death or withdrawal by 14.3 billion euros.
It is therefore a drop of almost 40% compared to the 23.7 billion euros of the 2021 vintage, the best since 2010.
And even compared to the year 2019 - i.e. before the Covid-19 pandemic -, recorded at 21.9 billion euros, the result for 2022 is also down sharply.
The economic uncertainties are not the same, the situation has changed a lot
," said Franck Le Vallois, CEO of France Assureurs, during a press briefing.
This slack in life insurance, without being as catastrophic as in 2020, when benefits exceeded contributions by only 6.5 billion, contrasts with the success of the Livret A. Last year, the Livret A indeed garnered 27.23 billion euros, almost as much as the 28.16 billion of the record of 2012, when the ceiling was raised.
For us, there is no match between the
", these two savings products "
having very different characteristics
", declared Franck Le Vallois, acknowledging however that the successive increases in the rates of the Livret A can "
generate a questioning
" among consumers on where to best invest their money, to the advantage of the Livret A.
Read alsoWhat the increase in the booklet A will change for your savings
The Livret A has mainly captured money dormant in current accounts rather than insurance, he explained.
As in previous years, it was the euro fund, whose capital is guaranteed, which suffered above all from the disinterest of the French, with benefits that exceeded contributions by around 20.3 billion.
Euro funds, with an average expected return of between 1.80% and 1.90%, according to Cyrille Chartier-Kastler, founder of the firm Facts & Figures, are indeed pale in comparison to the Livret A, which has gone from 2% to 3 %, on February 1, especially since the interests of the latter are exempt from taxes and social security contributions.
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