Paris, 11 june 2012
CNP Assurances and Swiss Life announced today the creation of Groupe Assuristance, a new joint holding company for their respective assistance businesses, Filassistance International and Garantie Assistance. Groupe Assuristance will be a new benchmark provider in the assistance market, covering both beneficiaries and their assets.
All of the necessary authorizations have been obtained from the French and European regulators, allowing the de facto merger of the businesses to be completed today.
Groupe Assuristance, which is 66%-owned by CNP Assurances and 34% by Swiss Life, is now the sole shareholder of both Filassistance International and Garantie Assistance.
- Complementary expertise
Groupe Assuristance, which represents eight million clients, will benefit from the complementary expertise of Filassistance, specialised in local personal assistance services including long-term care, and Garantie Assistance, which provides medical, roadside, home and travel assistance services.
- An innovative offer covering the full spectrum of needs
Groupe Assuristance will offer shareholders and partners an array of innovative assistance services to support policyholders confronted with various risks. It will have sufficient scale to develop a comprehensive service line-up in the areas of health, death/disability, long-term care, roadside and home assistance.
Much more than a simple insurance policy add-on, assistance services are part of a fully integrated insurance and service package and play a vital role in creating enduring client relationships.
Through this new approach to the personal insurance business, policyholders are supported throughout the life of their contract with an offer combining financial benefits and information, prevention, assistance and in-kind services in a single package.
About Filassistance International
Filassistance International is CNP Assurances’s assistance subsidiary, specialised in local personal assistance services. Set up ten years ago and with a client base that now numbers over five million beneficiaries, the company acts as a lifestyle facilitator offering services that range from the most basic (such as help with day-to-day tasks, healthcare-related issues and funeral assistance), to the most innovative (such as long-term care, pension and hotline-based assistance services). Its 2011 revenue amounted to €14 million.
About Garantie Assistance
Garantie Assistance is Swiss Life’s assistance subsidiary in France, specialized in medical, roadside, home and travel assistance. Set up in 1978, it has three million beneficiaries and reported 2011 revenue of €20 million.
Garantie Assistance is a shareholder and member of International Assistance Group® (IAG), an international network of independent assistance companies spanning every continent.