Overview
- French savers placed €14.9 billion into life insurance in September, producing a €4.1 billion net inflow that France Assureurs calls the highest for that month.
- Lawmakers in the National Assembly backed on 31 October a shift to an “impôt sur la fortune improductive” that could tax some euro‑denominated policies held by the wealthiest, a change that still requires full parliamentary approval.
- A household saving rate near 19% and the reduced appeal of the Livret A have redirected cash toward these contracts, according to the new data.
- Inflows continue to favor capital‑guaranteed euro funds over market‑linked units of account, even as industry leaders argue these euro funds finance the productive economy.
- Insured retirement plans also accelerated, with €1.1 billion in September subscriptions and €768 million in net inflows, while total life‑insurance assets reached about €2,084 billion at end‑August.