France / Life Insurance: slowing collection in July
The life insurance contributions rose in July (2% to 5.7 billion euros), but much less than in previous months, according to a statement released Tuesday by the French Federation of Insurance Companies (FFSA).
Since the beginning of the year, net inflows in life insurance is up 6% to 83.6 billion euros.
This increase is primarily due to contracts in euros, with payments up 12% since the beginning of the year to 73.2 billion euros.
Contracts in units of account, more performance-related contracts, they have decreased by 24% of payments to 10.4 billion.
The outstanding amount of life insurance and capitalization is an increase over one year (5% to 1.20 billion at end July).
Benefits are stable compared to the same period last year to 50.7 billion euros.
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