Profile
The CNP Assurances Group designs, develops, distributes and manages personal risk, protection, savings and pension products.
Its mission is to offer across-the-board insurance protection in keeping with the Group’s proud heritage and deeply-held values.
Our business, providing personal insurance cover
CNP Assurances plays a major role in meeting the social protection needs of families and individuals. New protection needs are emerging as families become more scattered and the population ages. Increasing life expectancy in Europe and demand for insurance among Brazil’s expanding middle class are also driving demand for personal risk insurance solutions, in Europe and Latin America.
The CNP Assurances Group is responding to these practical imperatives by enabling people to protect their future and that of their loved ones, to confidently undertake projects, and to safely pass on their wealth to future generations.
Providing solutions across the needs spectrum
One distinguishing feature of our Group is that we work closely with our distribution partners to develop offers geared to the profiles of their respective customer bases in terms of age, risk appetite and income. The wide‑ranging challenges include helping policyholders to prepare for retirement, pass on their assets to the next generation, finance long‑term care, maintain their standard of living following the death of a partner or access dental care. Whatever the need, we offer comprehensive, innovative solutions to our millions of policyholders around the world thanks to our expertise in insuring the various types of risk.
Our offers are designed to provide insurance solutions for all budgets. Each product range includes affordable products for customers in all income brackets, including policies with very low minimum premiums offered to European customers and a microinsurance offering for the Latin American market.
To enable people with health issues to obtain a mortgage in order to buy their own home, we participated actively in discussions to improve the Aeras convention on insurance and loans for people representing an aggravated health risk. In 2015, we participated in revising the Aeras convention to remove the obligation for cancer survivors to inform lenders that they had been a victim of the disease. We also worked with other insurers in France to prepare a reference grid to align term creditor insurance premiums charged to people suffering from cancer or certain other diseases more closely with those paid by borrowers who do not represent an aggravated risk. Our term creditor insurance rejection rate is very low, standing at less than 0.2% for the past seven years.
Two continents with complementary growth drivers
By addressing the growing needs of today’s society, our business model offers considerable development potential. We have a robust, balanced geographic presence on two continents.
We’re the market leader in France, in a wealthy and mature Europe where the ageing population offers significant scope for business growth.
We also have a strong position in Brazil, in a growing South American market. The Brazilian market is experiencing a rapid increase in demand for insurance among the expanding middle class while, at the other end of the scale, our microinsurance offer meets the needs of the millions of Brazilians who have very low incomes.
Lastly, the ramp‑up of digitisation taking place on both continents is having a clear impact on local people, their ways of life and their jobs. This force for change has led to a rethink of personal protection solutions and the design of new types of services and new methods of delivering them.