Frequently Asked Questions

Infra-annual termination is a procedure that allows an insured person to terminate their current insurance policy before the annual expiration date. This possibility is offered by the Hamon law, which aims to strengthen competition between insurance companies and allow consumers to more easily change insurers.

Before the Hamon law, it was only possible to terminate an insurance contract at the annual expiration date, with a notice period of two months. This situation was unfavorable to policyholders, who could find themselves committed to a contract that no longer suited them for several months, or even a whole year.

With infra-annual termination, the insured can terminate their contract at any time, after a minimum subscription period of twelve months. The notice period is reduced to one month, which allows the insured to quickly change contracts if a more advantageous offer arises.

It is important to note that infra-annual termination does not apply to all insurance policies. It is limited to auto, motorcycle, and home insurance policies. In addition, it does not apply to group policies, which are policies subscribed to by a company for its employees.

The insurance brokerage sector in France is a rapidly evolving industry, with many challenges to overcome and new opportunities to seize. In recent years, brokers have had to adapt to an increasingly competitive and regulated environment, while seeking to meet the changing needs of their clients.

Despite these challenges, the insurance brokerage sector in France has experienced sustained growth in recent years, driven by the growing demand from consumers for personalized insurance solutions tailored to their specific needs. More and more customers are looking for insurance offers online, which has opened the way to new players in the market.

However, traditional insurance brokerage remains an important pillar of the industry, with experienced and well-established brokers offering personalized advice and tailor-made insurance solutions. These brokers are often preferred by customers who appreciate proximity and human contact.

The future of insurance brokerage in France will largely depend on brokers' ability to adapt to ongoing technological and regulatory changes. Brokers will need to continue investing in digital solutions to offer fast and efficient online services to their clients. They will also need to adapt to evolving insurance regulations, particularly with regard to data protection and compliance with environmental standards.

In addition, brokers will need to continue to differentiate themselves from the competition by offering value-added services, such as risk management advice and personalized insurance programs for businesses. They will also need to continue developing their expertise in specialized areas such as cybersecurity insurance, which has become a major concern for many businesses.

The reform of insurance brokerage is an important current topic in France, with major changes underway aimed at strengthening transparency, consumer protection, and competition in the insurance market.

The reform was initiated by the European Union with the adoption of the Insurance Distribution Directive (IDD) in 2016, which was transposed into French law in 2018. The IDD aims to strengthen conduct rules for insurance distributors, including brokers, to protect consumer interests and improve transparency and competition in the market.

The reform involves a number of major changes for insurance brokers in France. Firstly, brokers must now provide clearer and more transparent information about the insurance products they offer, including costs, risks, and exclusions. Brokers must also demonstrate that they have assessed the needs and requirements of their clients before recommending insurance products.

In addition, the reform imposes requirements for training and skills for insurance brokers. Brokers must now justify their expertise and experience in the areas in which they operate, and must keep their skills up to date through regular training. These requirements are intended to ensure that brokers are able to provide relevant and personalized advice to their clients.

The reform of insurance brokerage also aims to improve consumer protection in case of conflicts of interest. Brokers must now declare any commission, incentive, or other financial benefit they receive for the sale of insurance products. Brokers must also avoid conflicts of interest and interests contrary to those of their clients, and establish procedures for managing any conflicts of interest that may arise.

It also aims to promote competition in the French insurance market. Brokers must now demonstrate that they have compared several insurance offers before recommending one to their clients. Brokers must also provide clear and comparable information about the insurance offers they propose, in order to enable clients to make informed choices.

The reform of insurance brokerage in France is a major change aimed at strengthening transparency, consumer protection, and competition in the insurance market. Insurance brokers must adapt to these changes by providing clear and transparent information about insurance products, keeping their skills up to date, and avoiding conflicts of interest. With these measures in place, the reform can help strengthen consumer confidence in the insurance market and improve the efficiency of brokerage.

Yes, there is a future for remote sales in insurance. The COVID-19 pandemic has accelerated the adoption of remote sales in many sectors, including insurance. Consumers are increasingly comfortable with online purchases and are looking for convenient and efficient ways to obtain insurance.

Remote sales in insurance offer many advantages for consumers. Firstly, it saves time by avoiding travel and physical appointments with a broker or insurance agent. Consumers can purchase insurance anytime and anywhere using their computer, tablet, or mobile phone.

In addition, remote sales in insurance can offer greater transparency and comparability between insurance offers. Consumers can easily compare insurance offers from different insurers online, which can help them find the best offer for their specific needs.

Finally, remote sales in insurance can also be less expensive for consumers. Insurers can save on distribution costs by selling directly to consumers online, which can result in more competitive insurance premiums.

However, remote sales in insurance may not be suitable for all consumers. Some consumers still prefer human contact and a personal relationship with a broker or insurance agent. Additionally, remote sales may not be suitable for more complex insurance products, which require a thorough analysis of clients' specific needs and risks.

Retirement savings is an important financial practice for anyone who wants to ensure financial security for their retirement. This form of savings is intended to provide a capital sum or monthly income when one reaches retirement age.

Retirement savings is a process of accumulating funds over a given period to ensure a regular income after the cessation of professional activity. It can be done in different ways, including through voluntary contributions in individual or collective retirement savings plans, or through mandatory contributions in company or state plans.

Individual retirement savings plans allow individuals to set money aside at their own pace and according to their financial capacity. Funds are invested in financial instruments such as mutual funds or stocks to maximize long-term returns.

Collective retirement savings plans, on the other hand, are generally offered by employers and allow workers to automatically contribute to a retirement savings plan. Funds are invested in financial instruments similar to those of individual plans, and contributions are often accompanied by an employer contribution.

Unit-linked life insurance is a form of life insurance that allows investors to benefit from a higher potential return than traditional life insurance products. Unlike these, unit-linked life insurance offers the possibility of investing in investment funds, stocks, or bonds, according to the preferences of the investor.

Unit-linked life insurance allows the investor to benefit from potential gains related to investing in stocks or bonds, while offering the possibility of diversifying their portfolio. This means that the investor can invest in different types of funds, stocks, and bonds to minimize the risks associated with market volatility.

It is important to note that unit-linked life insurance is subject to fluctuations in financial markets, which means that the return can vary considerably. However, in exchange for this risk, the investor has the opportunity to benefit from higher returns than those offered by traditional life insurance products.

In addition, unit-linked life insurance also offers great flexibility in terms of portfolio management. For example, the investor can modify investments based on the evolution of financial markets, or carry out arbitrations between different types of funds or assets to optimize the return.

Unit-linked life insurance can also offer tax benefits, particularly in terms of inheritance. The designated beneficiaries in the unit-linked life insurance contract can benefit from a favorable tax regime, subject to certain conditions.

The provident fund of a self-employed worker concerns any entrepreneur or self-employed worker concerned about protecting their financial security and that of their family in the event of an unforeseen event. Unlike employees, self-employed workers do not benefit from social protection offered by an employer, which forces them to take care of their own provident fund.

Self-employed worker's provident fund can take several forms, including taking out death and disability insurance, loss of employment insurance, health insurance, or professional liability insurance.

Death and disability insurance, for example, guarantees a capital or annuity to your beneficiaries in the event of death or disability. This insurance may also include a guarantee in case of temporary incapacity for work, which compensates for the loss of income during this period.

Loss of employment insurance is also an option to consider for self-employed workers. It allows you to benefit from compensation in the event of involuntary loss of your professional activity, which can help maintain a stable income while waiting to find a new contract or develop a new activity.

Dependency can occur when a person loses their physical or mental autonomy, making them unable to perform certain daily tasks such as bathing, dressing, eating, or moving around.

Dependency can be caused by various factors, including aging, chronic illness, accidents, or cognitive disorders. In any case, dependency can have significant consequences on the person's life and their loved ones, both emotionally and financially.

Indeed, dependency can lead to significant expenses related to medical care, specialized housing, or home assistance. These costs can quickly become very high, which can put dependent individuals and their families in financial difficulties.

It is therefore important to plan for adequate coverage to deal with dependency. This can involve taking out dependency insurance, which allows for a pension or capital payment in the event of loss of autonomy. This insurance can also include assistance services to facilitate the daily lives of the dependent person and their loved ones.