The Afer, a unique and efficient model

Is life insurance a chance for France?

With 1,800 billion euros in assets, including 1,400 in guaranteed funds and 400 units of account, life insurance is as much an opportunity for France as it is for the French.

Without it, the State would not easily finance its domestic debt - life insurance finances half of it - and companies would find less capital for their development - 60% of outstanding life insurance is invested in business assets.

Life insurance is also an asset for savers, who have understood it well.

For each euro saved, 38 cents are invested in life insurance.

If a deputy had the temptation to attack the preferred investment of the French, we would remind him that it is never wise to tax such a public treasury.

What do you think of the match between mutuals and insurance?

In a "match" there is a winner and a loser.

I prefer two winners.

Mutualist organizations are a formidable engine of prosperity and a cement of social peace.

But some have lived through painful experiences for three decades, prioritizing service to the detriment of value creation.

Maybe they saw too big or they got into trades where they had less expertise.

We must find the right balance, seek the best service for the benefit of savers without sacrificing the remuneration of their savings.

Let us be wary of wealth that would be captured by heavy intermediary structures instead of benefiting its legitimate beneficiaries.

With its associative model, Afer is not in this game.

Its DNA is unique, authentic.

We started from nothing in 1976. Today, our association represents 60 billion euros under management, managed by less than 200 employees.

As a result, we have been able to meet the expectations of our 770,000 members by offering them both quality service and fair remuneration for their savings.

Remember that the performance of our guaranteed fund has always been among the best.

We do not philosophize on the virtues of mutualism and capitalism.

We have worked to develop both for the better!

What place for

The economy must prove its ability to drain public money from the state, but also private money from individuals and families.

The President of the Republic, when he was still in Bercy, introduced risk capital in life insurance in the form of units of account.

It has thus enabled savers to diversify their wealth thanks to investments in companies not listed on the stock exchange.

The real wealth is in this diversity, which expresses our vision of creating value and sharing a common culture.