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With 3.5 billion euros collected, life insurance recorded its best month in 10 years in March

We hadn't seen this for over ten years.

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With 3.5 billion euros collected, life insurance recorded its best month in 10 years in March

We hadn't seen this for over ten years. For the first time since 2013, savers invested 3.5 billion euros (deposits minus withdrawals) in March in their life insurance contracts, notes the professional federation France Assureurs. An amount greater than the 2.44 billion euros placed in March in the Livret A and the Sustainable and Solidarity Development Booklet (LDDS). “All the signals are green,” said Paul Esmein, the new general director of France Assureurs.

Significantly, the efforts of insurers to boost the return on their funds in euros (2.5% on average in 2023 after 1.9% in 2022) are starting to bear fruit. For the first time since November 2021, these funds recorded a positive net inflow, attracting 800 million euros of savings in March. “The popularity of euro funds remains strong due to the capital guarantee they offer,” points out Philippe Crevel, director of the Savings Circle.

The year 2024 promises to be very auspicious for life insurance. Between January and March, this flagship investment has already collected 9.3 billion euros (deposits minus withdrawals), slightly more than the 9 billion euros collected by the Livret A and LDDS accounts. “Life insurance should continue its momentum,” predicts Philippe Crevel. Households have significant liquidity. And the reduction in rates charged on futures contracts should work in favor of euro funds. » Outstanding life insurance is now approaching 2,000 billion euros (1,965 billion euros at the end of March).

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