The golden age of units of account (UA) is confirmed for life insurance. France Assureurs, the French federation of insurers, published this Thursday, March 3, the life insurance figures for the month of January 2022.
With 3 billion euros in net inflows, the preferred investment of the French finds standards that it had not reached since April 2019. This good result, life insurance owes it above all to the UCs which collected some 3, 8 billion euros net, while funds in euros recorded a net outflow of 800 million euros.
For the president of France Assureurs Franck Le Vallois, these figures are explained by the “low interest rate and rising inflation environment”which led the French to “diversify their savings more”.
In detail, life insurance premiums amounted to 13.8 billion euros for the first month of the year (+300 million compared to January 2021), of which 5.5 billion in UC (+800 million compared to January 2021). Benefits, on the other hand, are down by 400 million compared to last year at 10.8 billion euros.
At the end of January, outstanding life insurance contracts reached 1.871 billion euros at the end of January, up 4.3% over one year.