CNP Assurances - Investor Presentation
CNP Assurances - Investor Presentation - March 2020
PACTE ACT,
A STRATEGIC PRIORITY
Impact of the PACTE Act on the French life insurance market:
Objective: Increase the French pensions market's technical reserves by €100bn over three years (from €200bn to
€300bn)
New pension products to be introduced in the market as from 1 October 2019
Pensions: Creation of an individual or group pension savings product with three compartments:
Compartment 1: receives voluntary individual payments
Compartment 2: used by employees to reinvest their statutory and discretionary profit shares
Compartment 3: receives compulsory employer and employee contributions
Life insurance: Policyholder has the option of transferring savings from one contract to another with the same
company (but not a different company) without interrupting the qualifying period for tax benefits
An expanded unit-linked product line-up
Requirement to offer a selection of SRI funds
More stringent duty of information and transparency
Implications of the PACTE Act for CNP Assurances
Challenges
Protect technical reserves
Win new customers and increase the flow of new money
Develop up-to-the-minute product offers and new services, improve the customer experience
Manage ultra-fast execution
Manage advanced operational deployment (networks and information systems). The first CNP Assurances offers will be
unveiled in early 2020
In the Savings/Pensions market, CNP Assurances is a major player operating in the following segments:
Private pensions, with its historical banking partners, LBP and BPCE, its Amétis network and other distributors
Group pensions, with Arial CNP Assurances
Points-based supplementary pension plans with Préfon
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